Annual Rents for Patio Villa's South 0f 466
 

Hi
I am curious to see what people are charging or paying for annual rent on patio villas south of 466. This include furnished and and unfurnished I thought $1400 to $1500 was the going rate. I was talking to a lady a unfurnished villa in her neighbor was renting $2000 a month. With expenses and cost of real estate going I like to see what the going rates are. Also include details on what the owner pays and the renter such cable electric water etc

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 patio villa across the street charges $3,500 a month during the cool months so far for a furnished home. The owner has 3 units in the area.

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.

hmmmm. Might want to consider this whole renting out thing.........

Hmm, you're a little light on mathematics today :-)). 1% would be 3,060, rounded to 3,100. Variables are cart or no cart and how you handle amenities, so 3,500 is possible . That is you could add amenities in or roll them in.

Five years ago you would to get one half of one percent, or 1,530. It varies with supply. 1% of market value is sustainable and profitable.

My mistake - I rounded down (my option Vs yours) but the mistake was I interpreted the "above" 50% to 75% to be an add on (1.5x / 1.75x) not less than the going rate.

Wife and I were looking for next winter, and there are very few PV's to rent, and nothing worth having under $4000+ a month during high season.
With car rental for us foreigners up 300% , it's becoming a pricey 3 month vacation!

if you are getting 1% of value per month then you are getting a 12% annual capitalization rate. You are not likely to get that on an full 12 month lease. Nice try though I think 7-8% cap rate is likely more realistic. You might get 12% on a full seasonal depending on what you throw in.

Apartment is 2000 a month and up. Homes should be more.

In late 2019 a 2 bed 2 bath PV unfurnished long term through The Villages Hometown was $1,400.00/month and the average cost of a new unit late that year was around $200,000.00. Now they are in the $330,000 range if you can find one so that would put it at about $2,300/month which I think is a stretch, maybe more like $1,800.00 to $2,000.00.

The poster was asking about annual rent not seasonal rent for Patio Villas. We have rented our patio villa for 7 years now with current tenant on 4th year. Our current monthly rate is $1400.00. Added to that monthly rent is Seco and Teco. We have heard of some landlords also charging the monthly amenity fee.

2/2 or 1/1? If you have a good tenant that is taking good care of your villa that means a lot but if it’s a 2/2 you are leaving some money on the table especially since you are including trash,water, sewer and amenities. Please tell me you aren’t throwing cable tv in too

Actually, the OP is asking about ANNUAL rent, not high season rent. Annual rent is much cheaper than high season

Villa
 

I have one that rents for as low as 1800 for summer months to 3800 for the 3 peak months. It is just N of 44 off Morse. I pay all the other expenses.