Fernandina Beach, FL Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$2,387
Monthly Cash Flow
-$1,273
Principal + Equity
$4,316
Annual Total Gain
$36,523
Cash on Cash
-10.07%
Net ROI %
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
A-
Overall
Top-level market grade
Best Suburbs to Live in Florida
#98out of 380 markets
Best Places to Retire in Florida
#97out of 660 markets
Suburbs with the Best Public Schools in Florida
#94out of 380 markets
B
Public School
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Fernandina Beach, FL.
Fernandina Beach, FL has specific regulations in place for Short Term Rentals (STR) that investors should be aware of before purchasing a property for this purpose. Some key regulations include:
1. Licensing and registration: All STR properties in Fernandina Beach must be properly licensed and registered with the city. This includes obtaining a business tax receipt and complying with any other local licensing requirements.
2. Zoning restrictions: Fernandina Beach has specific zoning regulations that dictate where STR properties can be located. Investors should ensure that the property they are considering purchasing is in a zone that allows for short term rentals.
3. Occupancy limits: The city of Fernandina Beach has occupancy limits for STR properties, which vary depending on the size of the property. Investors should be aware of these limits and ensure that they are in compliance.
4. Noise and nuisance regulations: Fernandina Beach has strict regulations in place regarding noise and nuisance issues related to STR properties. Investors should be aware of these regulations and take steps to ensure that their property does not cause disturbances to neighbors.
5. Taxation: Investors should be aware of any local taxes that apply to STR properties in Fernandina Beach, such as tourist development taxes or sales taxes. It is important to factor these costs into the financial considerations of investing in a property for short term rental.
Overall, investors should thoroughly research and understand the regulations and requirements for Short Term Rentals in Fernandina Beach before purchasing a property for this purpose. Failure to comply with these regulations can result in fines, penalties, and potential legal issues.
Market Trends Over Time
Explore 25 years of market data for Fernandina Beach, FL, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Fernandina Beach, FL.
The LTR Genie Score of Fernandina Beach, FL is 70 and STR Genie Score is 85, indicating a high score for short-term rental investment and a moderate score for long-term rental investment. The high STR Genie Score can be attributed to the strong occupancy rate of 64.52% and impressive revenue of $5192. On the other hand, the moderate LTR Genie Score may be due to the stagnant rent growth rate of 0.0%.
Fernandina Beach, FL is a charming coastal town known for its historic downtown area, beautiful beaches, and vibrant arts and culture scene. The area attracts tourists and potential renters looking for a relaxing getaway or a permanent residence.
Based on the metrics provided, Fernandina Beach, FL seems to be a more attractive market for short-term rental investment due to the high STR Genie Score and potential for a higher net ROI of 40.11%. However, with a 1-Year Price Appreciation Forecast of 1.2%, long-term rental investment could also be a viable option for investors looking for steady rental income with a net ROI of 24.08%. Ultimately, investors may consider diversifying their portfolio by investing in both short-term and long-term rental properties in Fernandina Beach, FL to maximize their returns.
