Islamorada sits in the beach / fishing STR category — a market profile with specific seasonal patterns, guest expectations, and regulatory considerations. The moderate STR regulatory environment shapes which acquisitions are workable.
Islamorada, FL is a low short-term rental DSCR market. Property type: Beach / fishing. Median home value approximately $1.3M. Average nightly rate: $685.
Occupancy rate in Islamorada averages approximately 58%, which combined with the nightly rate produces gross annual revenue per property of approximately $145K.
Islamorada Florida Keys sportfishing STR. STR regulatory environment in Islamorada: moderate.
Islamorada seasonality and tourism patterns
Tourist demand in Islamorada tends toward tourism segments specific to the destination.
Islamorada STR economics
At $1.3M median home value and $685 nightly rate at 58% occupancy, Islamorada STR economics produce gross revenue of approximately $145K per property. Operating costs typically consume 30-50% of gross, netting roughly $87K to operating income before debt service.
Islamorada specific FAQ
Islamorada sees varied seasonal patterns. Lenders use annual averaged occupancy in underwriting.
Property type performance varies in Islamorada. Analyze comparable data via AirDNA.
Islamorada has moderate STR regulations.
Islamorada averages approximately 58% occupancy. Premium properties outperform; standard properties cluster near average.
Islamorada averages approximately $685 per night. Premium units command 1.5-2.5x average.
Full-service STR management in Islamorada runs 20-35% of gross revenue. Co-host arrangements run 15-25%. Self-management saves the fee but consumes 10-20 hours weekly.
A Islamorada STR at the median home value of $1.3M typically requires 25-30% down, furniture and setup ($15K-50K), reserves (6-12 months PITIA), and closing costs. Total initial capital roughly $488K+.
Bottom line for Islamorada STR investors
STR investing in Islamorada demands more operational attention than long-term-rental DSCR. The trade-off: 1.5-2.5x gross revenue compared to traditional rental, but 30-50% of gross consumed by operations. Net economics typically beat long-term-rental on the same property for operators who execute on the operational side.
STR regulations vary by city and change frequently. Verify current local rules before acquisition.