$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
$
Financing
%
%
years
Expected Income
$
%
nights
%
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Operating Expenses
$
$
$
$
$
%
%
Monthly Cash Flow
$607
Annual Cash Flow
$7,278
Cash-on-Cash Return
5.0%
Cap Rate
7.4%
Break-Even Occupancy
47%
Viable deal
Main cushion: break-even is 8 pts below modeled occupancy.
Comparing multiple properties?
Compare 5 deals side by side. One-time purchase, $29.
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.
Analyze for VRBO Instead
Model this property with VRBO's 5% commission plus processing assumption.
Destin STR Regulations
Okaloosa County has STR regulations but the area is generally vacation-rental friendly.
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