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Short-Term Rental · St. Augustine, FL

Short-Term Rental Financing in St. Augustine, FL

Estimated 0.94x DSCR on a $480,000 short-term rental with $120,000 down — qualified on the property's income, not your tax returns.

Modeled Purchase Price
$480,000
25% Down
$120,000
Loan Amount
$360,000
Est. Monthly PITIA
$3,599
Creditable STR Income
$3,366/mo
Est. DSCR Ratio
0.94x

Short-Term Rental investing in St. Augustine

Short-term rental financing in St. Augustine 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 St. Augustine median of $480,000, a short-term rental prices near $480,000. Minimum down is 25% ($120,000), leaving a loan of $360,000. Estimated all-in PITIA runs about $3,599 per month.

The St. Augustine ratio math on this product

Gross nightly revenue in St. Augustine models to about $4,675/month across a full year. Lenders do not credit that dollar-for-dollar — a 28% haircut for vacancy, cleaning, platform fees and management leaves $3,366 of creditable income. Against a PITIA of $3,599, that is an estimated DSCR ratio of 0.94x. That lands just under 1.0. It does not kill the deal in St. Augustine: moving to a larger down payment ($144,000) usually closes the gap, and several shelves fund down to 0.75x with a rate add-on.

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. Short-term rentals are active in this market; licensing and zoning are set locally and we verify the specific address before quoting. 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 St. Augustine median for this product: an estimated cap rate of 4.63%, and monthly cash flow of $233 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.

St. Augustine property types compared

Property TypeModeled PriceMin. DownEst. IncomeEst. DSCR
Single-Family Rental$480,00020% ($96,000)$2,175/mo0.58x
2–4 Unit Multi-Family$758,40025% ($189,600)$4,046/mo0.71x
Condo & Townhome$345,60020% ($69,120)$1,718/mo0.56x
Short-Term Rental (this page)$480,00025% ($120,000)$3,366/mo0.94x

All figures model a purchase at the St. Augustine median of $480,000 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 St. Augustine 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.

St. Augustine Short-Term Rental FAQ

More St. Augustine investor resources

St. Augustine investor guide
Full market analysis and loan options
Single-Family Rental in St. Augustine
0.58x est. DSCR
2–4 Unit Multi-Family in St. Augustine
0.71x est. DSCR
Condo & Townhome in St. Augustine
0.56x est. DSCR
St. Johns County investor hub
Every market we finance in the county
DSCR loan requirements in Florida
DSCR payment calculator

Price a short-term rental in St. Augustine

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