A holiday at the beach is nice. Making money, for some, is nicer.
A new list from Realtor.com shows you how to do both, and one Alabama city is your destination.
The real estate site teamed up with AirDNA, a vacation analytics site, to figure out the top 10 cities where you can buy a beach house as an investment – for use as a short-term rental.
To calculate the numbers, the site looked at median home prices, average annual rental revenue, expected yields, and any regulations that might complicate your plans. Airbnb, VRBO, and other sites can make things easier, but owners have to compare a home’s annual returns to its cost – otherwise known as the property yield.
Gulf Shores appears in the No. 10 spot, with a median home price of $615,535, and an annual revenue potential of $112,281, for an expected yield of 10.3%.
Other destinations on the list include Cape San Blas, Fla., Gulfport-Biloxi, Miss., and Corpus Christi, Texas.