Short term rental investment - Seaside Florida

[Eric Merkle]

Investment Info:

Single-family residence fix & flip investment in Santa Rosa Beach.

Purchase price: $1,000,000
Cash invested: $1,000,000
Sale price: $1,500,000

8 bed, 8 bath home near Seaside Florida. Great short term rental.

What made you interested in investing in this type of deal?

Cash flow and appreciation

[Melissa Jolley]

@Kristina Modares

Homes generally go for slightly less during the cooler months and are certainly easier to show. Prices are higher (for the most part) than they were when this thread was generated.

Proximity to the beach and number of beds determine rental rates. I like Seaside and I believe Inlet Beach (west Panama City Beach) is the next mid-high end market. I like single family homes for the area because they can easily go on a 3-6mo. lease in the off season. Property management costs can sometimes make or break the deal....so I suggest self-managing if it is feasible for you.

Let me know if you want to take a look at something- happy to help you hunt.