Buying Real Estate Investment in Crestview FL 

Are you considering investing in real estate but not particularly drawn to beachfront properties? Crestview, Florida, might just be the location you're looking for. This article explores why this area is a promising option for both Airbnb and traditional rental properties.

Why Consider Crestview, Florida?

Crestview is conveniently located off Interstate 10, making it an ideal spot for travelers needing a break during their journeys. Its proximity to popular tourist destinations like Destin, Miramar Beach, and Navarre Beach offers the best of both worlds—quiet, less touristy areas with relatively easy access to the beaches, albeit with a longer commute.

The Appeal for Military Families

A significant portion of Crestview's rental market is driven by the presence of military families. Many service members may be stationed temporarily and choose to rent rather than buy a home. Others, knowing they'll be in the area longer, might rent initially to give themselves time to explore different neighborhoods before purchasing a home. Additionally, there are individuals who prefer not to deal with the responsibilities of homeownership, making long-term rentals an attractive option.

Investment Opportunities in Crestview

Investing in real estate in Crestview offers a variety of opportunities, whether you're looking at Airbnb or traditional long-term rentals. Here's a breakdown of what each option entails:

Airbnb Rentals

• Higher Profit Potential: Airbnb properties can generally charge higher nightly rates compared to traditional rentals.
• Flexible Pricing: You can adjust prices based on demand, time of year, and even days of the week, potentially maximizing your earnings.
• Short-Term Commitments: Shorter rental periods mean you can frequently update your pricing strategy and property offerings.

Traditional Rentals

• Steady Income: Long-term rentals provide a consistent income stream, as you'll have a lease agreement in place.
• Less Frequent Turnover: With longer lease terms, you won't need to worry about frequent guest changeovers, which can save on maintenance and marketing costs.
• Potential for Rent Increases: Once a lease expires, you have the opportunity to adjust the rent, especially if your property expenses have increased.

Challenges and Considerations

While there are numerous benefits to investing in Crestview real estate, there are also challenges to consider:

• Risk of Damage: Airbnb properties might experience more wear and tear, especially if guests host parties. This could lead to additional repair costs.
• Inconsistent Occupancy: Unlike traditional rentals where you have a tenant locked in for a set period, Airbnb properties might face days or weeks without bookings, affecting your income flow.
• Property Management: Managing an Airbnb requires more active involvement compared to traditional rentals, from ensuring the property is clean between guests to managing bookings and customer service.

Types of Properties Available

Crestview offers a diverse range of properties suitable for investment, from single-family homes to townhomes, duplexes, and triplexes. Here’s what you can expect:

• Single-Family Homes: These are the most common type of rental properties in Crestview. They typically feature three bedrooms and two bathrooms, with an average square footage of 1,472.
• Townhomes and Duplexes: These properties offer a good balance between affordability and space, making them attractive to small families or couples.
• Triplexes: A less common but potentially lucrative investment, triplexes allow you to rent to multiple tenants under one roof, maximizing your rental income.

Rental Price Range

• Traditional Rentals: The monthly rent for a typical three-bedroom home can range from $725 to higher amounts depending on the property’s condition and location.
• Airbnb Rentals: Nightly rates for Airbnb properties in Crestview vary widely. A small room might rent for as low as $50 per night, while a full home could fetch upwards of $150 per night. The average rate is around $127 per night.

Getting Started with Your Investment

If you're considering buying investment real estate in Crestview, Florida, and need assistance, don't hesitate to reach out to local real estate experts. They can provide valuable insights and help you navigate the market to find the best investment opportunities.

Conclusion

Investing in Crestview real estate can be a smart move, whether you're interested in short-term Airbnb rentals or traditional long-term leases. With its strategic location, diverse property options, and strong demand from military families and travelers, Crestview offers a robust market for potential investors. Remember to weigh the benefits against the challenges and consider what type of investment best suits your financial goals and lifestyle. If you have any questions or require further information, please feel free to call/text us at 850-204-4416 or email us at Admin@WhittemoreGroupRE.com.

Click here to see all available homes for sale in Crestview, Florida area.