$525,000
Avg. Purchase Price
$275
Avg. Nightly Rate
55%
Avg. Occupancy
beach
Market Type
Destin on Florida's Emerald Coast features white sand beaches and emerald waters. Premium beach destination popular with families from the Southeast.
Property Details
$
Total property acquisition cost
%
%
years
$
Average rate per night
%
Expected annual occupancy
$
Per turnover
nights
%
Airbnb/VRBO service fee (typically 3%)
$
Annual
$
Annual
$
Monthly average
$
Monthly
%
% of revenue
%
% of revenue (0 if self-managing)
Monthly Cash Flow
$607
$7,278 / year after all expenses
Viable Deal
Break-even at 47% occupancy
Cash-on-Cash
5.0%–
Return on your cash invested
Cap Rate
7.4%↑
NOI / Purchase price
Break-Even
47%↑
Minimum occupancy needed
Turnovers/Year
67
201 nights occupied
Financial Summary
Annual Gross Revenue$66,931
Annual Expenses
Platform Fees$2,008
Property Tax$6,038
Insurance$2,100
Utilities$3,000
Maintenance Reserve$3,347
Cleaning Costs$11,725
Total Expenses$28,218
Net Operating Income$38,714
Annual Mortgage-$31,436
Annual Cash Flow$7,278
Your Investment
Down Payment$131,250
Est. Closing Costs (3%)$15,750
Total Cash Needed$147,000
Loan Amount$393,750
Monthly Mortgage (P&I)$2,620
Destin STR Market Highlights
- 1Crystal-clear emerald waters unique to Gulf Coast
- 2Premium beach vacation destination
- 3Strong family tourism from Southeast drive markets
- 4Golf and fishing add activity-based tourism
Seasonality in Destin
Peak Memorial Day through Labor Day. Spring break is also strong. Winter is very slow.
Destin STR Regulations
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Frequently Asked Questions
Market averages are estimates for educational purposes only. See full disclaimer