6501 Oceanview Ave

This 2-bedroom, 2-bath home in Marathon is positioned as a high-performing short-term rental, benefiting from recent upgrades, ocean views, and a location at the end of a quiet street. The property is well-suited for investors seeking a turnkey asset with minimal immediate capital needs and the ability to attract both vacationing families and boating enthusiasts. Underwriting metrics indicate strong projected cash flow and a high cash-on-cash return, assuming occupancy and ADR targets are met. The main risk is sensitivity to ongoing STR demand and regulatory environment, given the premium list price and reliance on continued high occupancy.

Marathon, FL is a well-established vacation rental market in the Florida Keys, attracting both leisure travelers and boating enthusiasts. The property type—a recently upgraded 2-bedroom home with ocean views—aligns well with short-term rental demand in this region. High underwriting confidence in projected income and cash flow reflects the area's strong rental fundamentals, though premium pricing means returns are sensitive to market shifts.

Located at the end of a quiet, family-friendly street in mid-town Marathon, the property offers a blend of privacy and guest appeal. The ocean views, ample parking, and lush landscaping enhance its attractiveness for vacation renters. While detailed location-specific demand signals are limited, the overall context suggests solid guest appeal for both families and groups seeking a Keys experience.

At a $905,000 purchase price, underwriting metrics project a $564 average daily rate, 68% occupancy, and $4,220 in monthly cash flow, resulting in a 28% cash-on-cash return (assuming 20% down, 6.4% interest, 25% expense ratio, and no management fee). These figures are high-confidence, but returns are sensitive to occupancy and ADR performance. The property’s recent upgrades and turnkey condition support the income assumptions, but investors should confirm ongoing STR demand and regulatory stability during diligence.