Florida Vacation Rental Market
I just went live with my first short-term rental and it’s going well. It’s a 4/3.5 townhouse located in Davenport, Fl. Now that it’s set up, I’m thinking about the next one. Currently, my 3 options are Orlando area (Davenport, Kissimmee), Tampa, and Panama City Beach. I’d be looking for a 4/3 with private pool in Orlando area, 3/2 or 4/2-3 in PCB within walking distance to the beach and possibly a resort-style townhome in Tampa. I’d be coming in with 20% down and not afraid of a ugly duckling. It’ll be easy to stick to the Orlando area and Tampa is a bit of a mystery to me but so was Orlando not too long ago. PCB has the allure of the beach. The best cash flow is my goal. Your insight into these markets will be appreciated.
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Hey @Eric Garcia I'm a loan officer and real estate investor here in Tampa. Tampa is a great option for STR. We are a year-round city with the beaches and many events, festivals, sports games, colleges, etc.
Orlando (Kissimmee) is full of STR… and for a reason Disney and the Parks draw a strong consistent crowd and the regular (residential) appreciation is great with all the growth moving eastward from Tampa.
@Mya Toohey is an agent here well versed in the STR world here and help you with more details.