Where Beach House Rentals Earn the Most Revenue
Seven of the top 10 most profitable areas were in the South, including Fla.’s Navarre Beach, Daytona Beach and Port St. Joe.
NEW YORK – Property management company Vacasa assessed the profitability of rental beach houses in various U.S. destinations, based on the towns’ capitalization rate.
The data was used in areas where Vacasa managed at least 50 units. Average taxes, homeowners association fees, utilities, insurance and management fees in each area were removed from average annual rental income to calculate the cap rate.
Seven of the top 10 most profitable areas were in the South, including the Florida cities of Navarre Beach, Daytona Beach and Port St. Joe.
Navarre Beach has a 6.6% cap rate, a median home price of $382,392, and average annual gross rental revenue of $43,202. Daytona Beach has a 6.5% cap rate, a median home price of $247,960, and average annual gross rental revenue of $31,913. Port St. Joe has a 6.1% cap rate, a median home price of $360,721, and average annual gross rental revenue of $39,688.
Real Estate
Wenston DeSue is a realtor, organizational consultant, design, construct, build expert and developmental networker. Real estate is the business of exchange and affects every person on the planet. Real estate on all levels represents resources, access and ultimately, power. Knowledge is power…
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