Presented by: Cianna Perez Realtor at Texas Coast & Country Real Estate

Note: the following is a supplemental resource.

🔍 Ownership Cost Breakdown

Monthly Expenses:

• Electricity: $300/month (assuming high end for conservative estimate)
• HOA Fee: $335/month
• Exterior Building Insurance: $396/month
• Property Taxes: $566/month

📊 Monthly Total Ownership Cost:

$300 + $335 + $396 + $566 = $1,597/month

📈 Annual Total Ownership Cost:

$1,597 × 12 = $19,164/year

💸 Break-even Rental Rate (No Management Fee)

To cover just the ownership costs, you’d need to generate:

• $1,597/month minimum if renting 12 months/year
• A reasonable monthly rental rate ranges between $2,600 to $2,800.

That’s very close to what was earned in 2023 ($2,600/month for 7 months = $18,200 before expenses).

🧮 Property Management Scenario - Incorporating Management Fees in your expenses

$2,200 per month is a good target for gross monthly rent to cover the 25% property management fee. If you're renting seasonally, you’ll need to charge even more per month or per night.

Want more details? Request a Break Even Report. We can also customize the report to include a mortgage payment.