Buying near Stratton · Winhall, Vermont

Buy the right house.
Know the numbers first.

We own and run vacation homes on the same roads you’re looking at. Before you buy, see what a home like it really earns — and what the first-year tax picture can look like.

Run the numbersCall or text (802) 214-2714
How we help buyers

From “is this a good buy?” to first booking

01 · UNDERWRITE

Real revenue, not a listing promise

We price a house off what comparable homes actually booked — including our own — by season, bedroom count and amenities.

02 · IMPROVE

The upgrades that pay back

Hot tubs, saunas, plunge pools, design. We model which ones earn their cost before you spend — our Moose’s summer revenue rose 2.4× after its plunge pool.

03 · LAUNCH

Run it yourself, or hand it to us

Self-manage year one with our setup help, then let 42 North take over — 20% of rent after platform fees, cleaning and hot tub service covered.

Tax estimate

See the tax side before you buy

A short-term rental can come with a large first-year depreciation deduction. Here’s a rough federal estimate — including the common play of self-managing year one, then handing the keys to us.

Purchase price
Land share
Federal bracket
Bedrooms
Your yearly costs
Property tax, insurance, utilities and mortgage interest
Estimated year-one federal tax savings
Self-manage year one
42 North manages
Estimated rental payout with 42 North: a year. Self-managing and materially participating can let the loss offset your other income; managed by us, it shelters the rental income and the rest carries forward.
Building basisPrice less land
Cost segregation reclass (~25%)5/7/15-year property eligible for 100% bonus depreciation
Remaining building, year one39-year life when the average stay is 7 days or less
Year-one depreciation
Rental profit before depreciationMid-range payout, less your costs
Self-manage: tax savedDepreciation × your bracket, against rental and other income
Managed: tax saved nowRental profit sheltered × your bracket
Managed: loss carried forwardUsable against future rental income or on sale

The play: self-manage year one with real hours on the property, take the deduction, then hand it to 42 North from year two. Confirm the hours and the tests with your own tax advisor first.

See the full breakdown

Depreciation math, what’s sheltered and what carries forward — free with your email.

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Educational estimate only — not tax, legal or investment advice, and 42 North does not provide tax advice. Revenue uses 42 North homes’ results for October 2025–September 2026 and PriceLabs comp-set data. Assumes 100% bonus depreciation for qualifying property acquired and placed in service after January 19, 2025 under the 2025 tax law; a cost segregation study reclassifying about 25% of building basis (results vary); a 39-year life for the remaining building when the average guest stay is 7 days or less; mid-month and partial-year conventions ignored. Using losses against other income generally requires material participation (for example, 100+ hours and more than anyone else, or 500+ hours) and is subject to excess business loss limits. Depreciation recapture on sale, state taxes, financing and the payout difference when self-managing are not modeled. Consult your own tax advisor.

Found a house? Send it to us.

Send us the listing and we’ll tell you what we think it would book — and what we’d change first.

Send us a listingOwner payout calculator
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