$975,000
Avg. Purchase Price
$375
Avg. Nightly Rate
68%
Avg. Occupancy
beach
Market Type
Key West's unique island culture, sunsets, and year-round warm weather make it a premium STR market. Limited inventory supports high nightly rates.
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
$653
$7,841 / year after all expenses
Viable Deal
Break-even at 62% occupancy
Cash-on-Cash
2.9%↓
Return on your cash invested
Cap Rate
6.8%↑
NOI / Purchase price
Break-Even
62%–
Minimum occupancy needed
Turnovers/Year
83
248 nights occupied
Financial Summary
Annual Gross Revenue$109,260
Annual Expenses
Platform Fees$3,278
Property Tax$11,213
Insurance$3,900
Utilities$3,000
Maintenance Reserve$5,463
Cleaning Costs$16,185
Total Expenses$43,039
Net Operating Income$66,221
Annual Mortgage-$58,380
Annual Cash Flow$7,841
Your Investment
Down Payment$243,750
Est. Closing Costs (3%)$29,250
Total Cash Needed$273,000
Loan Amount$731,250
Monthly Mortgage (P&I)$4,865
Key West STR Market Highlights
- 1Unique tropical island atmosphere in continental US
- 2Year-round warm weather destination
- 3Cruise ship day visitors expand tourism base
- 4Fantasy Fest and other events drive premium periods
Seasonality in Key West
Strong year-round with peaks in winter (January-April) when weather is perfect.
Key West STR Regulations
More Calculators
Furnishing Budget
Planning to furnish? Estimate your setup costs
Co-Host Splitter
Working with a co-host? Calculate fair splits
Airbnb vs Long-Term Rental
Not sure which strategy? Compare Airbnb vs Long-Term
DSCR Calculator
Getting a DSCR loan? Check if you qualify
VRBO Calculator
Listing on VRBO? Analyze with lower host fees
Arbitrage Calculator
Not buying? Analyze rental arbitrage instead
Frequently Asked Questions
Market averages are estimates for educational purposes only. See full disclaimer