This is our comparable property and it is within 2 miles of our rental property. They both have the same amount of bedrooms, but ours has an additional half bath. Our rental property was built 5 years after this comparable; with this and the additional half bath, we concluded that a rent price increase would be acceptable. We have laid out the comparable seasonal prices in the table below.
Vacancy Rate
BTC Investments, LLC. has calculated a 17.5% vacancy rate for this property type. Most of this vacancy will be during the off season, which is categorized as the summertime. Our team's research concluded that 64 days out of the year (365) is the average vacancy.
BTC Investments, LLC. has calculated a 17.5% vacancy rate for this property type. Most of this vacancy will be during the off season, which is categorized as the summertime. Our team's research concluded that 64 days out of the year (365) is the average vacancy.
VCL Rate = 64/365 ≈ .175 or 17.5%
SWOT Analysis
Below is the Strengths, Weaknesses, Opportunities and Threat (SWOT) Analysis that our research team conducted based on the area's statistics, local amenities and recent market analysis of rental properties in the area.
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