Short-Term & Vacation Rental Discussions
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Jensen Beach Investing
Any investors in the Port St Lucie, Jensen Beach, Fort Pierce area? I have visited the area for 4 winters now for a long weekend in February to visit my in laws. They rent a place on Nettles Island for the month of February. I'm interested in buying a vacation rental in the area, I do not have any specific property picked out at this time. Other than some raw land, this will be my first real estate investment.
Looking to connect with other investors who would be interested in giving tips on analyzing properties in the area and who are familiar with the market trends.
Thanks
Matt
Hey Matt,
My friend Kalvin is a Fort Lauderdale STR investor and might be a good resource for you. Let me know if you're open to an intro. :)
Hey @Matt Hubert!
Investor-Agent here originally from Stuart! I live in Miami now, but own/operate a STR in Stuart close to downtown.
TBH, when I was looking in the area, there are some nice houses on Nettles island, but occupancy rates and ADR were not super convincing for the price point. Happy to chat more if you'd like!
#3 Short-Term & Vacation Rental Discussions Contributor
- Tampa, FL
- 1,529
- Votes |
- 1,990
- Posts
#3 Short-Term & Vacation Rental Discussions Contributor
- Tampa, FL
I am a PM and investor in Tampa but have friends in Jupiter so I know that area and have looked before. It is a niche market without a lot of draw short of the beach itself. If you are looking for ROI I would suggest South Florida or Tampa area. If you are looking to have a vacation home in that market where the cost can be offset some, then it might now be a bad idea
Hi Matt,
I'm relatively closeby in Palm Beach and know how nice those areas are. I would just suggest thinking about what months you would be using the property yourself and make sure they aren't the peak vacation rental months, as otherwise the property won't have a chance to pay for itself. If you can use it in the off-peak times then it could make sense however. I would also make sure to know what type of financing you will be using--the traditional choice is a second home loan, but this doesn't allow you to use future rental income to qualify. Feel free to reach out with any questions!
John
Quote from @John Karg:
Hi Matt,
I'm relatively closeby in Palm Beach and know how nice those areas are. I would just suggest thinking about what months you would be using the property yourself and make sure they aren't the peak vacation rental months, as otherwise the property won't have a chance to pay for itself. If you can use it in the off-peak times then it could make sense however. I would also make sure to know what type of financing you will be using--the traditional choice is a second home loan, but this doesn't allow you to use future rental income to qualify. Feel free to reach out with any questions!
John
You said what we are thinking about peak season and paying for itself.
Quote from @Andrew Steffens:
It is a niche market without a lot of draw short of the beach itself.
Andrew, is there much of a STR market in Florida beach cities in the downtown areas where restaurants, bars, and shopping are?
#3 Short-Term & Vacation Rental Discussions Contributor
- Tampa, FL
- 1,529
- Votes |
- 1,990
- Posts
#3 Short-Term & Vacation Rental Discussions Contributor
- Tampa, FL
@Matt Hubert
I’m a bit bias but I like Tampa because we have 3 pro sports teams, big concerts and festivals, gulf beaches, spring break/spring training, and two downtowns (Tampa and Saint Pete) so there is a lot of draw to the area besides one thing.
Quote from @Matt Hubert:
Any investors in the Port St Lucie, Jensen Beach, Fort Pierce area? I have visited the area for 4 winters now for a long weekend in February to visit my in laws. They rent a place on Nettles Island for the month of February. I'm interested in buying a vacation rental in the area, I do not have any specific property picked out at this time. Other than some raw land, this will be my first real estate investment.
Looking to connect with other investors who would be interested in giving tips on analyzing properties in the area and who are familiar with the market trends.
Thanks
Matt
Hi Matt! I grew up going to Jensen Beach at least once a year. Over the years the town has grown quite a bit and has made many improvements to the community. We still have my great grandparents house in the family. For years we were renting it long term and never really had an. issue with turnover. Someone made a good point it can be worth it for STR but definitely take a good look at numbers and peak vacation times throughout the year.
Quote from @Matt Hubert:
Any investors in the Port St Lucie, Jensen Beach, Fort Pierce area? I have visited the area for 4 winters now for a long weekend in February to visit my in laws. They rent a place on Nettles Island for the month of February. I'm interested in buying a vacation rental in the area, I do not have any specific property picked out at this time. Other than some raw land, this will be my first real estate investment.
Looking to connect with other investors who would be interested in giving tips on analyzing properties in the area and who are familiar with the market trends.
Thanks
Matt
Kevin, the east side particular Nettles Island is what I've been looking at. I could use a little help estimating the projected income. For example, I used AirDNA for a property and came up with $54,200 annual income, Pricelabs says $24,600, and my estimate based on the property my in laws stay at is $32,000.
The income is the hardest for me to estimate, even using enemy method. How can I hone in on key factors like income, ADR, occupancy, etc?
