Average Net Cashflow on your property on the emerald coast?

[James Mercer]

To any investors that have STRs on the emerald coast. I am seriously looking at getting into the short term rental market on the emerald coast. What is the average net cash flow that you receive from your property after all expenses?

[James Mercer]

Quote from @Kenneth Garrett:

@James Mercer

I cash flow about $1000 a month or so. I have a mortgage and HOA fees. Still does way better than my LTR that have mortgages on them. When I get my STR paid off which will be a few years, the cash flow will probably be $2500-$3000 per month, but will probably just by another when the right deal comes along. I look at cash on cash return as a way to evaluate how things are going as well. I'm at around 17%-18% annually, which means in 5-6 years I will have no money in the deal. That's where the profit is, of course the tax advantages of mortgage interest, property taxes snd deprecation make the numbers way better than only CoC. I have a 3/2 house two blocks from the beach.

@ Kenneth Garrett
Even with that kind of net cash flow that is still way beyond what a LTR could achieve, you are netting $12k a year on one property. In my eyes if you can stand being in the hospitality business STR investments are the fastest ways to achieve financial freedom