Rental property, particularly in locations that have popular and recurring attractions (theme parks, museums, sports venues, etc.), can provide you and/or your clients with a constant stream of “passive” income.

GoBankingRates has analyzed annual rental revenue and average daily rental rates in 50 cities across the US to determine the best “touristy” towns in which to invest in rental property.

(Remember that annual rental revenue consists of the total nightly rental rate plus cleaning fees earned annually, excluding taxes, service fees and/or additional guest fees and average daily rental rates include the average nightly rental rate plus cleaning fees for all booked days annually.)

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Here are GoBankingRates top rental revenue producing tourist towns in the country:

  1. Big Sur CA
    1. Annual income – $12,650
    2. Nightly rate – $756.
  2. Aspen CO
    1. Annual income – $6,300
    2. Nightly rate – $625.
  3. Telluride CO
    1. Annual income – $5,600
    2. Nightly rate – $514.
  4. Sonoma CA
    1. Annual income – 5,817
    2. Nightly rate – $456.
  5. Yosemite CA
    1. Annual income – $6,275
    2. Nightly rate – $427
  6. West Glacier MT
    1. Annual income – $6,301
    2. Nightly rate – $359.
  7. Jackson WY
    1. Annual income – $5,086
    2. Nightly rate – $428.
  8. Key West FL
    1. Annual income – $5,276
    2. Nightly income – $321.
  9. Newport RI
    1. Annual income – $4,334
    2. Nightly rate – $369
  10. Springdale UT
    1. Annual income – $4,950
    2. Nightly rate – $322.
  11. South Lake Tahoe CA
    1. Annual income – $3,856
    2. Nightly rate – $349
  12. Destin FL
    1. Annual income – $4,437
    2. Nightly rate – $282.
  13. Rodanthe NC
    1. Annual income – $4,331
    2. Nightly rate – $287
  14. Anaheim CA
    1. Annual income – $4,710
    2. Nightly rate – $263.
  15. Steamboat Springs CO
    1. Annual income – $3,315
    2. Nightly rate – $339.
  16. West Yellowstone MT
    1. Annual income – $3,981
    2. Nightly rate – $289.
  17. Bar Harbor ME
    1. Annual income – $4,450
    2. Nightly rate – $248
  18. Bryce UT
    1. Annual income – $4,458
    2. Nightly rate – $227.
  19. Boston MA
    1. Annual income – $4,204
    2. Nightly rate – $240.
  20. San Francisco CA
    1. Annual income – $3,958
    2. Nightly rate – $238.
  21. Sanibel Island FL
    1. Annual income – $3,740
    2. Nightly rate – $250
  22. Charleston SC
    1. Annual income – $3,365
    2. Nightly rate – $236.
  23. Gatlinburg TN
    1. Annual income – $3,700
    2. Nightly rate – $215.
  24. San Diego CA
    1. Annual income – $3,375
    2. Nightly rate – $211.
  25. Adirondack NY
    1. Annual income – $3,099
    2. Nightly rate – $228

 

The remaining GoBankingRates top 50 tourist towns for rental revenue generation include Savannah GA, Honolulu, Sedona AZ, New York NY, Keystone SD, St. Augustine FL, Las Vegas NV, Ashford WA, Orlando FL, New Orleans LS, Juneau AK, Ft. Lauderdale FL., Los Angeles CA, Seattle WA, Chicago IL, Miami FL, Washington DC, Gettysburg PA, Joshua Tree CA, Williamsburg VA, Niagara Falls NY, Colorado Springs CO, Philadelphia PA, St. Louis MO, and the Grand Canyon AZ.

Have a healthy skepticism when reading these numbers…some owners of rental properties may inflate/deflate their figures for a variety of reasons.

Thanks to MSN’s Sophia Zolan for source data.

Also read: Midwest Metros Hot in September, Rents Decline in Top Markets, Markets That May See Downturn in Possible Recession

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