Beach house buying and rental

I am interested in a condo a few blocks from a beach in East coast. 3beds/2baths, listed for $250K (valued at 650K in 2005). HOA is $215. Rental may mostly be good for the summer (3~4 months), $800~1200/week. Plan to put 25% down.


 


Pros:


Can be used as vacation house in the future (after retirement)


Potential capital gain in future (10 yrs down the road?)


 


Cons:


2.5 hour drive from my house


Possibly little or No cash flow


Week to week rental may be too much hassle (work)


 


Is this a good investment?


Anyone with a beach house for rental, please share your experience.


 


Thanks a lot for your input.

所有跟帖: 

Beach condo is mainly for appreciation -beachlver- 給 beachlver 發送悄悄話 (329 bytes) () 02/01/2012 postreply 10:03:23

同問相似問題,在弗羅裏達買投資房,長租好還是短租房好? -Miniapples- 給 Miniapples 發送悄悄話 (0 bytes) () 02/01/2012 postreply 11:19:04

弗羅裏達太濕熱,空房易發黴,維護成本較高 -commonsense888- 給 commonsense888 發送悄悄話 (0 bytes) () 02/01/2012 postreply 11:49:35

回複:Beach house buying and rental -wxc225- 給 wxc225 發送悄悄話 (74 bytes) () 02/01/2012 postreply 16:14:33

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