By: Mike Kennedy November 21st, 2008 Category: Deep Creek Lake Buyer Info, Deep Creek Lake Real Estate

The first question a prospective investor or buyer who wants to purchase a Deep Creek Lake vacation rental home is usually -”How much rental income can these types of homes generate?”

Annual Gross Income

So as a guide, Railey Mountain Lake Vacations has compiled a small chart of the annual gross rental income from their top lakefront vacation rental homes. The chart below depicts the approximate annual owner gross income from their top 3 producers based on number of bedrooms. Please note these are all lakefront homes - not homes with just lake access or no lake access at all.

Features & Amenities

As you can see from the chart above, having an indoor pool as an amenity can dramatically increase rental income. However, there are some other common features and amenities that these top performing homes all share. They include;

• Level lakefront settings
• Beautiful views
• Bathrooms equal to the number of bedrooms
• Quality furnishings and décor

Railey Mountain Lake Vacations also now offers the services of full time interior decorator for your vacation rental home free of charge if you utilize their property management services. Railey Mountain Lake manages the largest number of vacation rental homes in the Deep Creek Lake area - currently standing at 375 houses.

This is just the tip of the iceberg when considering purchasing a vacation rental home - other very important considerations include expenses and Garrett County zoning issues. I’ll try to touch on these items in future posts.

Please give us a call or drop us an e-mail - we’ve provided much guidance over the years to purchasers and buyers for these types of homes. The buying process can be a bit tricky but can certainly yield positive results in the long run if done right.