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Updated over 5 years ago,
Best ROI Vacation Rental Areas in Florida?
Hi Everyone,
I am hoping to buy a vacation rental somewhere in coastal Florida in the next 6 or 8 months. I currently own two long term rentals, so I am not a first time investor/landlord, but I am new to the vacation rental business. I live in the Pacific Northwest, so we would use the unit 6 to 8 weeks every winter (flexible--anytime between January and mid April)
I am open to most areas. but I am having trouble figuring out where to pinpoint my search. I'd want to be within 2 or 3 blocks of a beach, in a suburb or a small town, and either SFH or small condo property is fine. Any suggestions? Where can I find data that compares prices to rental income throughout Florida? Are there any consultants that can help me compare average ROI in markets throughout Florida?