u/SCFlipper

Hello,

I have an opportunity to buy a property that is ~10 min drive to the beach. The beach itself has plenty of parking/access locations. Long-term rental rates would be a slight loss with reserves so I am looking at STR data. I know how to comp it out and remove the listings that are beachfront/walkable but I worry about demand. We would come in significantly cheaper and offer more onsite amenities (game room, outdoor games/firepit/etc, dog friendly, community playgrounds and pool.

Does anyone have experience with these off-beach rentals? Have they performed well? How did you underwrite them?