Thinking about buying a second home to use for investment income? It’s a smart way to cash in on the growing demand for vacation rental homes in Orlando, Florida. More holiday travelers are opting to rent homes rather than stay in a hotel because vacation rentals are often more affordable, provide more space, and offer similar or even better amenities. Plus, you can cook your own food and do your own laundry in a vacation home, which can be a big cost savings for large families.
One community to consider when looking for a vacation home to buy is Windsor at Westside in Kissimmee, Florida. Located within minutes of Walt Disney World, this stunning resort features all the outstanding resort amenities of its sister communities, Windsor Hills Resort and Windsor Palms Resort. Owners and their short-term rental guests will delight in using the huge resort-style pool complete with water slide and lazy river. Other amenities include a 10,000 square foot clubhouse with video arcade, state-of-the art fitness center, tiki bar, volleyball courts and multi-purpose sports courts.
Windsor at Westside home buyers will find attractive properties in varying styles and price points in this gated community. You can choose from luxurious single family pool homes with 6, 7, 8 or 9 bedrooms. The resort also features four and five bedroom townhomes with splash pools. Your income potential from a vacation rental in this community is significant since these homes are in high demand due to the resort’s amenities and its proximity to the area theme parks.
As an example, the owner of a 4 bedroom townhome in Windsor at Westside generated rental income of $39,348.38 from Nov. 1, 2017 - Nov. 1, 2018, based on an average booking rate of $162.60 and a 68 percent occupancy rate. There is no mortgage on the property, since the buyer paid cash. Maintenance, utility bills and other expenses such as HOA fees and taxes for the year totaled $9,936.34. The owner only spent 6 nights at the home during the year.
You don’t have to live near your second home to manage it, or rent it out. You can hire a management company to do that work for you. This allows you, as the owner, to enjoy the proceeds of your investment without having to handle the day-to-day operations.
Team Donovan is the leading real estate firm specializing in the sale of second homes near Disney, like those found at Windsor at Westside. We can help you find the perfect Kissimmee vacation home. Contact us at 407-705-2616 for more information about the short-term rental income potential for a second home in the Orlando, Florida area.