Naples Florida Rental Income Property
Seasonal Rental Income Property in Naples Florida
A general rule, is that three months of rental income in the peak season (Jan. to April), usually pays for all the out-of-pocket expenses for the property (not including mortgage payments). The higher the fees, the higher the property taxes, the higher the rents. Take for example, four very different condo properties. Each is nicely decorated, and in rentable condition:
- A - Golf Community: A condo in a desirable golf community. When rented, the renter becomes a member to the club.
- B - Upscale Community: A condo in an upscale gated Naples community, good location, nice amenities.
- C - Good Location: A condo in a pleasant community, no amenities and a good Naples location.
- D - Beach High Rise: A condo on the Naples' Beach.
Each example would have different costs, and each would get different rents.
Examples of Different Rental Properties in Naples
The above examples are real life examples. Any individual property could have different results. If rents were 2 months or less in season, then there would be a negative cash return. If rents were for more than three months, the results would be better.