11590 N Kayak Point

This property stands out as a custom-built, recently renovated waterfront home with direct Gulf access, making it highly attractive for short-term rental guests seeking boating, fishing, and riverfront experiences. The flexible 3-bedroom, 3-bath layout, dual primary suites, and extensive outdoor living areas (balcony and screened lanai) enhance guest appeal and support premium nightly rates. Underwriting metrics indicate robust projected cash flow and a high cash-on-cash return, assuming occupancy and ADR targets are met. The main caveat is that returns are sensitive to occupancy and nightly rate assumptions in a market with limited comparable STR inventory, so ongoing demand and regulatory environment should be closely monitored.

Inglis, FL is a small waterfront community with appeal to boating, fishing, and nature-oriented guests. The STR strategy here is centered on unique riverfront access and proximity to the Gulf, which can command premium rates but may also limit the size of the guest pool compared to more established vacation markets. Market confidence is moderate, as the property’s features are well-aligned with local demand drivers, but the area’s STR depth is less established than major tourist destinations.

The property is situated in a residential, riverfront setting with direct water access, likely appealing to guests seeking privacy, outdoor recreation, and a tranquil environment. The neighborhood’s character is defined by its waterfront lifestyle rather than walkable amenities or urban attractions. Guest appeal is strong for the target demographic, but conclusions about broader demand are moderate-confidence due to limited location-specific signals.

At a $459,000 purchase price, underwriting projects a monthly STR income of $6,129 and cash flow of $2,300, with a 30.1% expected cash-on-cash return, assuming a $325 ADR, 62% occupancy, 25% expense ratio, and 20% down payment at a 6.4% interest rate. These high-confidence figures suggest strong income potential, but are sensitive to occupancy and nightly rate performance. The property’s unique waterfront features support premium pricing, but investors should confirm demand and regulatory stability during diligence.