STR Markets: Stuart, Florida and Broken Bow, Oklahoma

[Jordan Holmes]

New to the short-term rental game and looking to find the best markets that offer at least 40% cash-on-cash returns. Currently looking at:

1. Stuart, Florida

2. Broken Bow, Oklahoma

I haven't seen much on Stuart, Florida but from the research I have done, seems like a promising market. Additionally, I have seen a ton of people post about Broken Bow, Oklahoma but need to figure out if it is still a great market to get into.

What are your thoughts on these markets and open to hear about other markets that I should consider? Thanks in advance and always open to connect!

[Jossalyn Wallace]

Hi Jordan! 

I live and own in the Florida Panhandle and we are driven by our short term rentals. The area is mentioned on numerous platforms for best places to vacation, up and coming places, etc. Prices were a bit high but are starting to level back out so its not uncommon to see homes that do 10%+ on cap rate. Vacancy is low because we have nice weather majority of the year. 

I would suggest specifically checking out Panama City Beach, Destin, Miramar Beach, Fort Walton, and Navarre (up and coming). These are the areas we generally see the best return. 

Good luck on your search!