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Short-Term Rental · Miramar Beach, FL

Short-Term Rental Financing in Miramar Beach, FL

Estimated 0.68x DSCR on a $785,000 short-term rental with $196,250 down — qualified on the property's income, not your tax returns.

Modeled Purchase Price
$785,000
25% Down
$196,250
Loan Amount
$588,750
Est. Monthly PITIA
$5,755
Creditable STR Income
$3,888/mo
Est. DSCR Ratio
0.68x

Short-Term Rental investing in Miramar Beach

Short-term rental financing in Miramar Beach is a different underwriting product than a long-term DSCR loan even though it carries the same name. The lender is crediting nightly revenue instead of a signed lease, which means the documentation, the reserve requirement, and the permit diligence all change.

At the Miramar Beach median of $785,000, a short-term rental prices near $785,000. Minimum down is 25% ($196,250), leaving a loan of $588,750. Estimated all-in PITIA runs about $5,755 per month.

The Miramar Beach ratio math on this product

Gross nightly revenue in Miramar Beach models to about $5,400/month across a full year. Lenders do not credit that dollar-for-dollar — a 28% haircut for vacancy, cleaning, platform fees and management leaves $3,888 of creditable income. Against a PITIA of $5,755, that is an estimated DSCR ratio of 0.68x. That is below the 1.0 threshold, which is normal at this basis. Financing here works one of three ways — more money down, a no-ratio DSCR product, or qualifying on documented short-term rental revenue.

Underwriting notes specific to STR files: plan on 25% down as the floor, six months of PITIA in reserves, and either twelve months of Airbnb/VRBO earnings statements on the subject property or a third-party market revenue study for a property with no operating history. Yes Verify the permit status of the exact address before you go hard on earnest money — an unpermitted STR is an unfinanceable STR on this product.

Returns and structure

Return metrics at the Miramar Beach median for this product: an estimated cap rate of 3.27%, and monthly cash flow of $1,867 negative at 25% down. Negative cash flow at the minimum down payment is common in appreciation-led markets; investors close the gap with a larger down payment, a purchase below median, an added unit, or a rate buydown.

Miramar Beach property types compared

Property TypeModeled PriceMin. DownEst. IncomeEst. DSCR
Single-Family Rental$785,00020% ($157,000)$4,600/mo0.76x
2–4 Unit Multi-Family$1,240,30025% ($310,075)$8,556/mo0.94x
Condo & Townhome$565,20020% ($113,040)$3,634/mo0.75x
Short-Term Rental (this page)$785,00025% ($196,250)$3,888/mo0.68x

All figures model a purchase at the Miramar Beach median of $785,000 with the property-type adjustments described above, at an illustrative 7.50% DSCR rate on a 30-year fixed. Short-term rental income is shown after the standard lender haircut.

Figures on this page are modeled estimates derived from the Miramar Beach median price and market rent, adjusted for short-term rental product characteristics. They are illustrative, not a loan offer or an appraisal. Actual pricing, rent, taxes, insurance, HOA dues and DSCR depend on the specific property and on conditions at the time of application.

Miramar Beach Short-Term Rental FAQ

More Miramar Beach investor resources

Miramar Beach investor guide
Full market analysis and loan options
Single-Family Rental in Miramar Beach
0.76x est. DSCR
2–4 Unit Multi-Family in Miramar Beach
0.94x est. DSCR
Condo & Townhome in Miramar Beach
0.75x est. DSCR
Walton County investor hub
Every market we finance in the county
DSCR loan requirements in Florida
DSCR payment calculator

Price a short-term rental in Miramar Beach

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