12 Best Short Term Rental Markets In Florida Under 200K: Where are the 12 best short term rental rental markets in Florida with under 200K investment? Make sure to read this article before investing in Florida!
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Where are the 12 best short term rental rental markets in Florida with under 200K investment? Make sure to read this article before investing in Florida!
- Last updated on
- August 21, 2023
Key Takeaways
- Florida has one of the strongest economies in the US. This makes a lot of investors think that they would need to spend a fortune just to break into the rental property market. In fact, buying a profitable investment property in Florida is a realistic goal.
Backed by short-term rental data analytics, this article lists 12 best short term rental markets in Florida that you can enter under 200K.
Introduction:
If you’re a real estate investor, you might be thinking that it’s hard to break into the property investment market in Florida. After all, the Sunshine State is the fourth best-performing economy in the US. Well, this article will bust this myth and even lend a ray of sunlight for you to find the cheapest rental property markets in Florida!
Is it worth buying a rental property in Florida?
Definitely! With an average occupancy rate of 56%, one-bedroom rental properties in Jacksonville can bring in an annual revenue of $39,303. This is because Florida is a magnet for tourists from all over the world due to the numerous activities that can be enjoyed in the state. In fact, 137.6 million visitors came to Florida in 2022 alone. This figure breaks the record of having this large number of visitors in a single year.
Other economic indicators like employment can entice you further to invest in Florida. The state has a 2.6% unemployment rate, which is lower than the national average of 3.6%. Its job market is fueled by a robust civilian workforce in the sectors of agriculture, construction, manufacturing, and financial service, among others. While these figures are already favorable, job creation is still expected to see growth in the coming years.
Source: Airbtics Dashboard
12 Best Short Term Rental Markets in Florida under 200K
Using the gross rental yield as a guide when looking for investment properties in Florida can assure your profitability. The gross rental yield is the annual rental collection from a property divided by the total property cost multiplied by 100.
By using the high-powered Airbtics Dashboard, here are the best Airbnb markets in Florida with the highest gross rental yields which you can enter with just below 200K capital:
|
|||||
|---|---|---|---|---|---|
| Location | Number of Airbnb Listings | Average Property Price | Number of Bedrooms You Can Get | Airbnb Annual Revenue | GRY |
| Temple Terrace | 77 | $156,000 | 1 Bedroom | $47,813 | 30.65% |
| Clearwater | 1,365 | $199,000 | 1 Bedroom | $33,727 | 16.95% |
| Palm Bay | 122 | $175,000 | 2 Bedrooms | $31,688 | 18.11% |
| Vero Beach | 93 | $145,000 | 1 Bedroom | $23,755 | 16.38% |
| Jacksonville | 5,708 | $198,374 | 1 Bedroom | $22,470 | 11.33% |
| Gainesville | 278 | $200,353 | 2 Bedrooms | $17,788 | 8.88% |
| Daytona Beach | 1,074 | $174,350 | Studio Unit | $17,606 | 10.10% |
| Largo | 288 | $176,750 | 1 Bedroom | $17,079 | 9.66% |
| Deerfield Beach | 303 | $141,900 | 1 Bedroom | $16,724 | 11.79% |
| Tallahassee | 282 | $139,900 | 1 Bedroom | $16,690 | 11.93% |
| Cape Coral | 2,950 | $167,499 | 1 Bedroom | $12,575 | 7.51% |
| Orlando | 742 | $180,250 | 1 Bedroom | $11,785 | 6.54% |
Airbnb Location
Airbnb Dataset
- Airbnb listings: 74
- Average Property price: $156,000
- Number of Bedrooms You Can Get: 1 bedroom
- Airbnb annual revenue: $47,813
- Gross rental yield: 30.65%
- Airbnb listings: 1,375
- Average Property price: $199,000
- Number of Bedrooms You Can Get: 1 bedroom
- Airbnb annual revenue: $33,727
- Gross rental yield: 16.95%
- Airbnb listings: 122
- Average Property price: $175,000
- Number of Bedrooms You Can Get: 2 bedrooms
- Airbnb annual revenue: $31,688
- Gross rental yield: 18.11%
- Airbnb listings: 93
- Average Property price: $145,000
- Number of Bedrooms You Can Get: 1 bedroom
- Airbnb annual revenue: $23,755
- Gross rental yield: 16.38%
- Airbnb listings: 5,708
- Average Property price: $198,374
- Number of Bedrooms You Can Get: 1 bedroom
- Airbnb annual revenue: $22,470
- Gross rental yield: 11.33%
- Airbnb listings: 278
- Average Property price: $200,353
- Number of Bedrooms You Can Get: 2 bedrooms
- Airbnb annual revenue: $17,788
- Gross rental yield: 8.88%
- Airbnb listings: 1,704
- Average Property price: $174,350
- Number of Bedrooms You Can Get: Studio Unit
- Airbnb annual revenue: $17,606
- Gross rental yield: 10.10%
- Airbnb listings: 288
- Average Property price: $176,750
- Number of Bedrooms You Can Get: 1 bedroom
- Airbnb annual revenue: $17,079
- Gross rental yield: 9.66%
- Airbnb listings: 303
- Average Property price: $141,900
- Number of Bedrooms You Can Get: 1 bedroom
- Airbnb annual revenue: $16,724
- Gross rental yield: 11.79%
- Airbnb listings: 282
- Average Property price: $139,900
- Number of Bedrooms You Can Get: 1 bedroom
- Airbnb annual revenue: $16,690
- Gross rental yield: 11.93%
- Airbnb listings: 2,950
- Average Property price: $167,499
- Number of Bedrooms You Can Get: 1 bedroom
- Airbnb annual revenue: $12,575
- Gross rental yield: 7.51%
- Airbnb listings: 742
- Average Property price: $180,250
- Number of Bedrooms You Can Get: 1 bedroom
- Airbnb annual revenue: $11,785
- Gross rental yield: 6.54%
Source: Airbtics Dashboard
Looking for a profitable Airbnb City is so easy by using the Airbtics Dashboard. Typing in your target city is the first step toward your data-backed Airbnb property search.
While you can already see the aggregate data of an Airbnb city, the figures will also update when you use the advanced filters! The lead will not only be about location. You will also see the profitability of each property size. While you may not get the best number of bedrooms in your target city because of your budget limit, Airbtics Dashboard allows you to get the most out of your 200K initial investment!
Conclusion
Florida is a profitable real estate market with high rental yields. Imagine that your dream of owning an Airbnb property is within reach with less than an initial capital of less than $200K. All this will become realistic once you use Airbtics as your guide.
It will help you look for markets that boast rental yields to make you get closer to financial independence. Investors can always aim higher in the long run. They can look further into the best places to own an Airbnb in Florida beyond the $200K mark.
Check out this free Airbnb Calculator if you are optimizing profit from your property investments!
Explore The Most Profitable Airbnb Locations in Florida
Short-Term Rental Data
Short-Term Rental Data
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