Vacasa recently released its top winter rental properties after crunching the numbers on some 500,00 properties. Vacasa ranked these winter properties by respective capitalization rates or cap rates.
A cap rate is the metric used to determine a property’s profitability. The cap rate compares the property’s price to the remainder of the property’s annual rental reserve after all expenses on that property have been met. The higher the cap rate, the higher the profit and the more money for the owner. For example, if an owner took out a 30-year-fixed loan at 4.39% with a 25% down payment, the property is likely to be profitable.
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Vacaca’s Top Places for Winter Rental Property Profitability
Cap Rate Median Price
Killington VT 8.3% $211,072
Big Sky MT 6.1% $585,000
Breckenridge Co 5.6% $556,905
Dillon CO 4.9% $401,894
Ludlow VT 4.8% $304,275
Rhododendron OR 4.7% $316,712
Warren VT 4.6% $263,752
Leavenworth WA 4.6% $263,752
Shaver Lake CA 4.3% $441,607
Big Bear City CA 4.1% $297,089
Stowe VT 4.0% $488,950
Lake Arrowhead CA 3.3% $499,602
Vail CO 3.2% $1,147,504
Steamboat Springs CO 2.9% $678.958
Park City UT 2.8% $891.518
You can see that winter rental properties in the East have lower median sales prices however, destinations in the West dominate this list.
Thanks to Vacasa for source data.