Are you looking for the right spot to invest in real estate? Santa Rosa Beach, FL, is the perfect place. Santa Rosa Beach rental property investment is profitable, with an estimated annual rental income of $52,000.
Also, Santa Rosa Beach is one of the most prominent beach neighborhoods on the Emerald Coast. Its white sand beaches, stunning scenery, and turquoise waters attract tourists and new residents, alike. Even celebrities and famous personalities call the area home.
Read on to learn about the many potentials of renting a property in Santa Rosa Beach.
Santa Rosa Beach is a top destination on the Emerald Coast for visitors and locals. It is bustling with activity. And with its gorgeous natural beauty, turquoise waters, and sugar sand beaches, rental properties in the area are in high demand.
Real estate in Santa Rosa Beach has appreciated significantly over the past few years, with property values increasing by over 22.4% since November 2021. Home prices in Santa Rosa Beach are $1.2M, and the median listing home price is $600. Additionally, the average age of homes in the area is 15. These figures indicate that Santa Rosa Beach is ripe for investment.
Investors in Santa Rosa Beach, FL, can expect positive cash flow due to high rental demand in the area. A steady income is also possible, with median rents of $3,350 for all bedrooms and $1,740 for 1-bedroom apartments. Even rentals on Airbnb and Vrbo offer high occupancy rates and monthly revenue of up to $6,649.
Investors in Santa Rosa Beach can take advantage of the homestead exemption as a valuable tax benefit. They can also waive a portion of their property taxes by applying for this exemption. It’s an excellent approach to financial planning and a fantastic way to take advantage of the tax system.
Approximately 60 rental listings in Santa Rosa Beach, FL, indicate a high demand for rental properties. The rental vacancy rate in Florida is 7.3% as of 2022 Q3, which is 26.7% above the national average. Santa Rosa Beach is very popular for rental properties, so that investors can expect a consistent stream of rental income and a lower risk of financial loss.
Are you looking to buy or sell a home on the Emerald Coast? If so, I’d love to help you. Please click here to contact me. If you’d like to know more about me, please click here. I look forward to hearing from you!
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