However, some carriers will add back this coverage for more premium. 

Quoted $850 annual premium.

Due to so many fraudulent claims that have happened in Florida since the 2016 hurricane, this is why premiums are so high.

There are not many rentals available in some of the Charleston areas, so with some work you can probably get premium return.  

You'll have a good idea that its properly designed if the cash value to premium ratio in Year 1 of your illustration is about 85-90%.

I think in the past maybe it might not have been too bad depending on the classification, but with the new Risk Rating 2.0 system driving flood insurance premium prices up exponentially, I'm wondering if anyone has firsthand experience that they can speak to.

$219,000 sale price+ $5,000 closing costs (less than usual since FSBO)+$0 immediate repairs-$32,850 down at 15%----$1500 monthly rental income -$1320 monthly premium & interest at 7.5% (roughly prime plus 2%)-$300 estimated monthly taxes & insurance,- $150 property management at 10%-$325 repairs, maintenance & reserve at 25% = - $495 loss/monthThanks so much!

$219,000 sale price+ $5,000 closing costs (less than usual since FSBO)+$0 immediate repairs-$32,850 down at 15%----$1500 monthly rental income -$1320 monthly premium & interest at 7.5% (roughly prime plus 2%)-$300 estimated monthly taxes & insurance,- $150 property management at 10%-$325 repairs, maintenance & reserve at 25%= - $495 loss/monthThanks so much!

My broad view in new construction is you are paying a premium for something that is not a premium product.

The larger homes have less rental competition than the average home and can yield a much higher rent premium in peak season.