Who doesn’t love the thought of a vacation home at the beach, a place to get away for weekend respites or long summer stretches? It’s even better to buy a home in a spot that other people will love to visit, too, and want to rent when you’re not using your place.
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But just where should you look to find the best place both for your sojourns from home and to bring in oodles of cash to help pay the mortgage?
For that answer, GOBankingRates turned to rankings provided by Vacasa to highlight the top 10 places to buy a beach house in 2022. Vacasa, which helps travelers find vacation rental properties, based its rankings on median home sales prices, the average annual gross rental revenue and the cap rate, which is the yearly rate of return on investment.
beach house in 2022.” class=”link “Here are the 10 best places to buy a beach house in 2022.
Cap Rate: 5.8%
Median Home Sales Price: $725,000
Average Annual Gross Rental Revenue: $58,496
Lahaina, on the west coast of Maui, has the highest median home sales price on the list at more than $700,000, but consider the number of tourists who will find your location appealing. Lahaina once was a whaling village, and 55 acres of the community are designated as historic districts. Still, Lahaina is a contemporary spot for visitors to enjoy the water as well as shops, restaurants and galleries.
Hatteras Island, North Carolina
Cap Rate: 6.4%
Median Home Sales Price: $482,447
Average Annual Gross