Aug
07

SC Cities Rank High for Vacation Home Investments

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Hilton_Head_HarbourTownGLReal estate investors looking at vacation destinations for rental investment properties could be best off focusing their search in Florida.

Vacasa, which offers professional rental management for vacation homes, ranked the top 25 U.S. vacation rental markets, ranked according to capitalization rate, which is the rate of return on a real estate investment property based on the income that the property is expected to generate.

Florida dominated the top 25, claiming nine spots, or 36% of the list. All of the Florida locations have a cap rate above 5%. While, overall, beach locations dominated the list, mountain towns were also represented with the likes of Park City, Utah, and Big Bear, California.

Two SC cities made the list:

4. Myrtle Beach, SC

5. Hilton Head Island, SC

SOURCE

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