Would You Buy This FL STR Generating $50K Gross? Curious on How You'd Underwrite It

[Jorge Fernandez]

Would You Buy This Florida STR Generating $50K Gross? Curious on How Others Would Underwrite It

Hey BP community — I’ve been running a short-term rental in Fort Pierce, FL (Treasure Coast) for the past year, and we’re considering transitioning out of it. I’d love to get some outside perspectives on how others would underwrite this kind of deal in today’s market.

Here’s the high-level overview:

• 3BR / 2BA single-family home with private pool

• Fully renovated and furnished

• STR licensed and professionally managed

• Gross income ~$50K/year (AirDNA projection aligns)

• 90%+ occupancy YTD

• Located 10 minutes from the beach, close to downtown

• Asking $314,900 (below 2024 appraisal)

Expenses are pretty typical — utilities, pool service, cleaning, and optional PM (or self-manage). I can share more detailed numbers if it’s helpful.

If you came across this deal, what would your return expectations be? Any red flags I might be missing? Always appreciate learning from this group.