Looking at Florida Beach Vacation Rental

[Joe Marcum]

Hi,

I am looking at purchasing a 3/3 house in the 30A area around Rosemary Beach in Florida. Property is about $800,000 and looks like daily rate in summer is about $500 a night.

Anyone have experience in this area? I’m estimating 16 weeks at $500 a night should almost cover the cost at 10% down 30 year mortgage.

Looking at this as long term ownership and also as a second home that I will rent out via a vacation rental management company.

Any and all help and thoughts appreciated.