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Thursday, January 19, 2012

Running Numbers: Rental income can defray costs of owning a golf vacation home

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        We shared recently some tips about how to buy a vacation golf home and rent it out to defray your annual costs. (Read it here.) The following are a sample of homes in three communities that generate consistent annual rental returns. One is located in the Virginia mountains, one in coastal South Carolina and one on the Chesapeake Bay. We have visited all of them, played their golf courses and met with their real estate people, and we recommend all of them as worthy of consideration. There are thousands more like them currently available across the southern U.S. at prices that range from under $100,000 to over $1 million. If you would like more information on any of these homes or others like them in some of the best golf communities in the southern U.S., please contact me.

        Note:  These communities and others list their golf homes for sale, some of them appropriate as rentals, at GolfHomesListed.com.

 

 

BayCreekFairwayCondosandPool

The Fairways at the Bay Creek Resort.

Bay Creek Resort, Cape Charles, VA

The Fairways (condo)

$210,000 on Palmer golf course

3 BR, 2 BA, 2-car garage

Management fee: 23%

Golf Initiation: Currently waived

Avg. gross annual rental income: $11,000

 

DevilsKnob17

Wintergreen Resort, Nellysford, VA

Single-family home

$499,000 furnished, on Devil’s Knob golf course

4 BR, 31/2 BA

Management fee: 30%

Golf Initiation: $5,000

Average gross annual rental income: $30,000

 

WachesawCottageforsale

One of the Oak Grove Cottages at Wachesaw Plantation.

Wachesaw Plantation, Murrells Inlet, SC

Oak Grove Cottage

$229,000

2 BR, 2 BA

Management fee: 33%

Golf Initiation: $2,750

Average gross annual rental income: $12,000

Read 3969 times Last modified on Friday, 27 September 2013 11:29
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Larry Gavrich

This blog was conceived and is published by me, Larry Gavrich, a former corporate communications executive who founded HomeOnTheCourse, LLC, in 2005.  Our firm advises baby boomers and others seeking a lifestyle in which golf is a major component.  My wife Connie and I own a home in Connecticut (not on a golf course) and a condo at Pawleys Plantation in Pawleys Island, SC, on a Jack Nicklaus layout.  We began our search for our home on the course more than 15 years ago, and the challenges of the search inspired me to research golf communities and write objective reviews of them.

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