Vacation Rental Property - Destin Florida

[Lars Anderson]

Hello,

I plan on retiring in the next year or so, and I am considering buying a condo in the Destin, Florida area. I plan to live in it in the winter months (October - Apr), and utilize it as a vacation rental in the summer.

I am trying to get an idea what net income I can expect to achieve after expenses? Also, what expenses I should expect (HOA, utilities, insurance etc...).

Is there a source that will show me the rental histories of the different condominium complexes? I imagine the beach front properties have the best occupancy.

Thank you in advance for taking time to respond.

Lars

[Evan R.]

Hey @Lars Anderson 

Welcome to Bigger Pockets. 

I looked at the 250 listings in Destin on AirBnB. 

The average price per night is $350, and the average vacancy rate is 85%. 

A vacancy rate of 85% is rather high. This means that you might only be booked one night a week. 

I've noticed that 80-90% vacancy rate to be average for costal communities on the east coast. 

Part of this could be caliber of operator on airbnb.