Are you one of those Americans whose dream is to own a vacation home where your family can gather on holidays or retreat to on weekends? According to market research, many Americans aspire to retire to the mountains, beach, lake, or desert oasis.

When deciding where to buy a vacation home, you need to opt for vacation spots that are often beachfront, lakefront, or mountaintop. The property may be pricey, but if you make the decision to rent your property out when you’re not using it, you should be able to easily cover your mortgage payments.

If you are not sure if you can afford a vacation property, try this simple formula used by many property experts — If your mortgage payment is less than or equal to one peak week that you can rent your property for and you can rent that property for 17 weeks a year then that property will break even.

Your dream vacation home can realize if you do your research and commit to renting your vacation property by owner.