Buying a second home, whether it's a lake house or a house on the beach, is a pretty significant investment for most.
It can also come with many benefits, like a side hustle or extra income if you use the space as a rental property.
In June, Realtor.com, in collaboration with AirDNA, released their ranking of the top 10 places to buy a beach house in the U.S. to use as a short-term rental.
In order to rank the top 10 places, the report looked at:Median home pricesAverage annual rental revenueExpected yieldsSTR (short-term rental) regulationsOf the top 10, six were in the South, while the rest were scattered across the Midwest, East Coast, and Pacific Northwest.
Persons:
AirDNA
Locations:
Realtor.com, U.S, Midwest, East Coast, Pacific Northwest