Would buying a house with Pool in Cape Coral, FL be worth it for

[Alex Tokmazeyskiy]

My close friend started investing in Cape Coral area, purchased a few properties with pools for Airbnb. Telling me it's a great area for Airbnbs. Does anyone have experience with short term rentals in Cape Coral area of Florida ?

[Stetson Miller]

Hi @Brian G.,

These EGI's can vary significantly, so I will have to include a fairly lengthy list of assumptions:

-With a purchase price up to $550,000, you could certainly find great 4 beds in that range, so we'll assume a 4/2, 1,800 square feet, and waterfront with a pool

-Property is in the Southern side of Cape Coral, currently experiencing high rental demand

-Property is professionally managed being advertised across all popular STR platforms to achieve maximum occupancy at market value prices

With those things in mind, during the busy season (October-March), you could expect roughly $250-300 per night at about 90% occupancy. Through the off-season (April-September), you could reasonably expect those numbers to be cut in half with an average nightly rate of about $150-175 and 40-60% occupancy. Adding that up, an EGI for a property like this would be about $52,000-$68,500 annually. If anything, even with all of these assumptions, it should be noted that STR income will always be highly variable! These income estimates are also still fairly conservative for what can be expected