However, it is worth noting that Mashvisor’s calculations assume that cash on cash return and cap rate are equal, meaning that the ROI you can expect for Airbnb rentals could actually be higher if financed through a mortgage. To answer our question, the return on investment you can expect by investing in Airbnb Key West is around 7.03%. While the median property price in Key West is relatively expensive, its average rental income and return on investment are among the highest in the country.
How profitable is it in terms of rental income and return on investment? Check out the following Airbnb data below, provided by Mashvisor’s investment property calculator.Īirbnb Cap Rate / Cash on Cash Return: 7.03% Airbnb Key West : The DataĪirbnb investing in Key West real estate is by far one of the most lucrative investment strategies in the entire Florida real estate market. To be on the safe side, be sure to review the short term rental laws and Airbnb regulations in Key West before investing in the city. Related: The 4 Best Places to Invest in Real Estate in Florida Is Airbnb Legal in Key West?īefore we begin answering that question, there’s another question that needs to be addressed: Is Airbnb legal in the Key West real estate market? Fortunately, the answer is yes. So, how does Key West real estate perform in terms of Airbnb return on investment? Why is Airbnb Key West among the top locations in the country? It all boils down to one factor: profitability, which Airbnb Key West has a lot of. One of the best locations for vacation home rentals in Florida, and in the entire US, is the island-city of Key West. The Florida real estate market is renowned as a hotspot for vacation home rentals, particularly Airbnb rentals.
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