Talk of The Villages Florida - View Single Post - Annual Rents for Patio Villa's South 0f 466
Thread: Annual Rents for Patio Villa's South 0f 466
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Old 05-02-2022, 10:48 AM
rustyp rustyp is offline
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Quote:
Originally Posted by Toymeister View Post
The ideal number for rentals is 1% of the home's value per month. In TV it is above 50% of that, but below .75%

You, the owner, can't disassociate your name from utilities billed by TV: amenities, water, sewer, taxes. You can market your rent at $xxxx + amenities to get it closer to 1%.
The average price of a preowned patio villa in the Brownwood area per the TV market update flyer is $306K. Thus by Toymeister's rule of thumb it should rent for $4500 per month in that area.