Potential Income From Nightly Rentals In Winter Park CO

Potential Income From Nightly Rentals In Winter Park CO

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Below is a case study on the potential rental income for a townhome in Winter Park, CO.  This townhome is located at 19 E. Viking Drive #25, Winter Park, CO 80482 and is for sale.  Rental income depends on a lot of factors, the biggest being homeowner usage (and if you are here during holiday weeks/weekends), how many people can it sleep and amenities (like nice finishes, furnishings, hot tub, proximity to dining and access to trails, etc).  The example below does not include income taxes, property insurance, or a mortgage since everyone's situation is different.  This is just to get you thinking about the rental potential if you were to purchase this townhome and you should gather your own rental income estimates from a few different companies to see what is the best fit for your needs.  Call me if you need more information on these rental estimates on this townhome or any other properties you see in the Winter Park, CO area... Julie White 970-531-7155 julie@rewinterpark.com.


Average Potential Rental Income $45K - Annual Expenses $8K = Average Net Potential Income of $37,000

Low net income of about $20K ($28K-8K)

High net income of about $60K ($68K-8K)


19 E. Viking Drive Info

  • Can sleep 8-10 people (if you increase the sleeping capacity, in general, there is a greater rental potential) 

  • 4 bedrooms (lower level bedroom is large enough for bunks and secondary living space)

  • 4 bathrooms

  • 2,252 Finished (heated and livable) sq ft

  • 2,975 Total sq ft

  • 2 car garage

  • Updated kitchen, flooring, master bath and furnishings

  • walking distance to Downtown Winter Park and trail access a block away


Annual Expenses = $7,743.50 TOTAL... ROUDNED UP TO $8,000

  • HOA - $3600

  • Property Taxes - $1,932.76 (2018)

  • Electric - $1,261.87 (Oct 2018-Sept 2019)

  • Natural Gas - $948.62 (Nov 2018-Oct 2019)

  • PROPERTY INSURANCE?

  • MORTGAGE?

  • INCOME TAX?


Estimated Rental Income = APPROXIMATE AVERAGE NET INCOME = $45,000K

  • Winter Park Lodging Company - $40-45K  (WPLC charges 30-40%, local full-service rental management company.  At 30% that's a net of about $28K-31,500)

  • AirDNA.com - $71K, but would need to sleep 10-12 people and you would have to manage yourself - think running a small business  (3% payment processing fee and anuual fee of $350 = net of $68,520)

  • Evolve.com - $50-63K (they charge 10% mgmt fee + 3% payment processing fee = net of about $43,500-55K)


(There are a lot of rental fees that get passed along to your renters like cleaning fees and lodging taxes, local and state business license, city or county short term rental registration fees, etc, so be sure to ask rental management companies how they operate and what you are responsible for doing.   Some numbers have been rounded up for ease of calculations.  This information has been gathered to the best of my knowledge and is deemed reliable, but not guaranteed.  Buyer and Buyer's Agent to verify all information).



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Phone: 970-531-7155
Dated: October 28th 2019
Views: 339
About Julie: My goal is to help people with real estate. I am invested in helping people achieve their real estat...

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Real Estate of Winter Park
PO Box 58
Winter Park, CO
970-660-4383
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