Orlando Area STR Single Family Home Under $500k

[Anthony Tonsoline]

Looking to add a STR property to my portfolio. Based on my research and conversations with a few members, I am looking for a 4+ bedroom single family home with a pool for under $500k. I know amenities aren't important, but my price point won't get me in to some of the newer/nicer communities. Any recommendations on communities to look at in my price range?

[Shawn McCormick]

@Anthony Tonsoline Not sure if you meant to say that 'amenities aren't important' or not, but I'll assume you meant 'are'. You would be correct that they are vital to helping you to stand out. The larger communities like Championsgate, Windsor, Storey Lake and several others do well very much in part to the amenities that the community offers.Those, along with doing things to set your property apart from all of the competition will help your home get into the algorithms and get noticed. 

You certainly can find what 4 beds under $500, but it may be further away, less or basic amenities and the home may be older which means outlaying more in cap-ex down the road. I would be inclined to have you save a little more and wait for a property in one of the top tier communities. I just went under contract on a nice 5 bed in Windsor Palms for $550, so they are out there. 

Best of luck to you!