House Hacking/Vacation Home Rental in Cape Coral Florida

[Alex Revnew]

Anyone familiar with the Cape Coral Florida market?  I am thinking of buying a duplex there for $500,000.  Market rent for each side is $2,000/mo. but I would think I could get more on Airbnb or as a short term rental.  I'm thinking of also living there part time in the winter.  Do these numbers make sense or are they too close?  And has anyone else done something similar?

[Zach Edelman]

Just did a loan on a turnkey STR acquisition in Cape Coral for an experienced STR investor (currently has four under his belt, three of which with over a year of successful booking history). From an UW standpoint, with using Air DNA projections, the deal looked solid (cashflowed at a 1.36x DSCR with 100% Air DNA projections).