Kissimmee/Orlando Area STR
Hi Everyone,
I am looking to invest in a Short Term Rental near all the attractions in Orlando. I was looking at Vista Cay but the prices are just so high for the rates that they get. The other communities that peaked interest was Encantada, Windsor Hills, Magic Village and Storey Lake. I think the closer to Disney the better. Would love to hear thoughts on someone buying very recently as I feel with the appreciated asking prices the rates/night for these units aren't going up much to accommodate. From the research I've been doing, cash flowing seems to be very difficult. I am wondering if I am looking at something wrong or need to consider other types of communities/properties. Thanks in advance.
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- Property Manager
- Orlando Kissimmee Davenport Salt Lake City, Park City
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I have a themed 9br in Champions Gate that does very well. I got in right when the market started going up so not at current prices, but even if I were to adjust my mortgage payment for current prices I would still be cash flowing very well.
Were you thinking a condo/townhouse or one of the big 6-9 bedroom SFH's?
To me Orlando is simple. Theme your place and stand out and you'll do well.
If you buy a "nice place" with nice furnishings you're going to disappear into the 20,000 other STRs in the area and the only way you'll be able to stand out is by lowering prices to a silly low amount.
The alternative is to spend some money theming it out so you can really stand out.
Theming costs about the same either way, which is why I prefer the larger SFH's to make the most of those theming expenses.
- Ryan Moyer
