For STR DSCR investors evaluating Marathon (Florida Keys), the math centers on three numbers: median home value of $795K, average nightly rate of $425, and occupancy of 60%. These combine into annual revenue projections of roughly $93K per typical property.
Marathon (Florida Keys), FL is a low short-term rental DSCR market. Property type: Beach / tropical. Median home value approximately $795K. Average nightly rate: $425.
Occupancy rate in Marathon (Florida Keys) averages approximately 60%, which combined with the nightly rate produces gross annual revenue per property of approximately $93K.
Marathon middle Keys STR. STR regulatory environment in Marathon (Florida Keys): moderate.
Marathon (Florida Keys) seasonality and tourism patterns
Marathon (Florida Keys) seasonality affects DSCR underwriting. Lenders use annual averaged occupancy of 60% rather than peak season alone, making underwriting conservative against the year-round operating profile.
Marathon (Florida Keys) STR economics
Marathon (Florida Keys) STR cash flow math: $93K gross revenue minus operating costs of approximately $37K (cleaning, supplies, management, marketing, utilities) leaves roughly $56K for debt service and net cash flow.
Marathon (Florida Keys) specific FAQ
Marathon (Florida Keys) sees varied seasonal patterns. Lenders use annual averaged occupancy in underwriting.
Property type performance varies in Marathon (Florida Keys). Analyze comparable data via AirDNA.
Marathon (Florida Keys) has moderate STR regulations.
Marathon (Florida Keys) averages approximately 60% occupancy. Premium properties outperform; standard properties cluster near average.
Marathon (Florida Keys) averages approximately $425 per night. Premium units command 1.5-2.5x average.
Full-service STR management in Marathon (Florida Keys) runs 20-35% of gross revenue. Co-host arrangements run 15-25%. Self-management saves the fee but consumes 10-20 hours weekly.
A Marathon (Florida Keys) STR at the median home value of $795K typically requires 25-30% down, furniture and setup ($15K-50K), reserves (6-12 months PITIA), and closing costs. Total initial capital roughly $313K+.
Bottom line for Marathon (Florida Keys) STR investors
The investor profile that succeeds in Marathon (Florida Keys) STR combines local market knowledge or quality co-host management, realistic revenue projections using AirDNA data, and operational discipline. Get those right and Marathon (Florida Keys) STR produces strong risk-adjusted returns.
STR regulations vary by city and change frequently. Verify current local rules before acquisition.