Vacasa, a property management company, offers data on the profitability of rental beach house properties in various locations nationwide.
Beach House Profitability by Cap Rate
Cap rate, or capitalization rate, is found by comparing the home’s sale price with the annual rental revenue after paying for all expenses.
For example, if the beach house sold for $300,000 and you took in $3,000 in annual rent revenue after expenses, the cap rate would be 1%. The higher the cap rate, the more profitable the property.
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Vacasa looked in locations where the company managed at least 50 beach house units to collect this data. Average taxes, HOA fees, utilities, insurance and management fees totaled the expenses…the expenses were then subtracted from the annual rental income to get the cap rate.
Most Profitable Beach Towns for Landlords
Market Cap Rate Med Price Yrly Revenue
Gulf Shores, AL 10.2% $402,905 $56,198
Corolla NC 9.5% $608.953 $77,971
Navarre Beach FL 6.8% $382,392 $43,202
New Buffalo MI 6.6% $569,873 $58,544
Daytona Beach FL 6.5% $247,960 $31,913
Galveston TX 6.4% $340,559 $43,981
Hatteras Island NC 6.4% $482,447 $45,968
Rockaway Beach OR 6.1% $384,152 $48,030
Port St. Joe FL 6.1% $360,721 $39,688
Lahaina HI 5.8% $725,000 $58,496
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Thanks to Vacasa.
