Quote:
Originally Posted by BrianL99
I don't pay any attention to the rental market in The Villages, but this popped up on Facebook today and out of curiosity, I looked.
Rent From A Villager | Rental Homes in The Villages Florida | Advertise Your Village Rental
1500 sq. ft. 3 bedroom/2 baths. I guess it comes with a golf cart. Near the Shallow Creek Golf course and apparently 15 minutes from Sawgrass ... like Sawgrass is a huge draw.
$7000/month for January or February?
Are people really paying that kind of money for rentals in the middle of nowhere? |
Since I read all the responses and they seem to have no idea, I will give you the lay of the land. I have 2 designer home rentals and have been a landlord since 2014. Luckily, I got them before the higher home prices and higher interest rates because being a landlord in TV just does not make financial sense with the current situation.
High Season rents are running about $5800-$6000 for Jan-March, $4500 for April. Off Season depends on the month but ranges from about $1800 in summer to $3500 in Nov. You absolutely have to charge those rents in the high season or you can't make it work. $7000 is a bit gready, but there is such a shortage in high season someone might pay it. At $6000 a month for 2025, I had Jan-April rented on January 14 of 2024. A year ahead. So the supply and the demand support it.
Just to run the house for a year costs over $20K with insurance, upkeep, and taxes, not to mention a new roof every 15 years, golf cart maintenance, etc. That is not counting the actual mortgage some carry and some return on investment. To be honest, when you do the math, you only make money at all when you sell, and I figure thats about 5% a year.
My houses are between LSL and Brownwood, which helps rent the off season, but I would not call Sawgrass "the middle of nowhere".
Those are the facts.
Ed