Looking to start VRBO STR in south Cape Coral this year.

[Jake Chial]

Hello all,

I'm looking to start doing STR in cape coral. I spent 2021-2022 living out there. I like the area SE of cape coral pkwy. Based on what I have seen renters could ride a bike to the beach and be within walking distance to a lot of the restaurants. The current going rate as most of you know, on the water with a pool, is 1+Mill for a newer build. The houses I'm looking at are between 1-1.3M. After looking at airbnb and vrbo these house could rent for 500-800 a night, and most are booked till mid April. Anyone got experience with STR in this area? What could I expect to cash flow per year including on and off season?

Thanks

Jake

[Amanda Pivovaroff]

Hi Jake - I am about to close on a STR in Panama City Beach, FL and the ROI is very profitable considering the price I paid for the property (under $500k). This area seems to be increasing with popularity within the STR market so thought I'd mention to you in case you were interested in other parts of FL. Feel free to shoot me a DM if you are interested in discussing further!