💰 $46K Revenue on This $389K Pensacola STR
🌴 $389K for a proven 3BR with ~11.9% gross rental yield, less than 15 minutes from both Pensacola Beach + Downtown.
Alex Veytsman
September 13, 2026
🌴 $46K Revenue on a $389K Pensacola STR Near Downtown + the Beach
💰 Pensacola, FL • $389K • ~$46.2K 2025 STR Revenue • ~11.9% Gross Rental Yield • 3BR/2BA • Historic East Hill • <15 Minutes to Downtown + Pensacola Beach • Large Lot
📩 Interested?
🌴 ~$46K Revenue at a $389K Price Point
Here's an interesting Florida STR at a relatively approachable acquisition price—a character-filled 3-bedroom cottage in Pensacola's historic East Hill neighborhood that previously operated as an Airbnb.
The property generated approximately:
$46,200 in 2025 Short-Term Rental Revenue
At the $389K asking price, that's approximately an:
11.9% Gross Revenue-to-Price Ratio
And you're getting a location that can appeal to multiple types of guests, with Downtown Pensacola and Pensacola Beach both less than 15 minutes away.
🏡 The Asset
1220 E Cervantes St, Pensacola, FL 32501
💰 Price: $389,000
💵 2025 STR Revenue: ~$46,200
📊 Gross Revenue / Price: ~11.9%
🛏️ 3 Bedrooms
🚿 2 Bathrooms
📐 1,480 Sq Ft
🌴 Historic East Hill Location
🏖️ <15 Minutes to Pensacola Beach
🏙️ <15 Minutes to Downtown Pensacola
🌳 Large Lot With Room to Expand
🏡 Previously Operated as an Airbnb
💰 The Investment Case
At approximately $46,200 of 2025 STR revenue, the property is being offered at roughly 8.4x annual gross revenue.
That's gross revenue—not cap rate—but the important distinction here is that the $46.2K figure represents historical STR performance rather than a hypothetical revenue projection.
And at $389K, an investor isn't relying exclusively on the vacation-rental story. You're also acquiring a 3-bedroom home in historic East Hill, close to both downtown and the beach, with a large lot and potential room to expand.
🏡 Historic Character + STR-Friendly Appeal
This early-1900s cottage has the kind of personality that can help a smaller STR stand out from generic inventory.
The home features tall ceilings, abundant natural light, a large covered front porch, beadboard detailing and an accent mantel, while the kitchen brings in a more updated coastal feel with:
🌊 Coastal Blue Cabinetry
🍳 Stainless Steel Appliances
🤍 Subway Tile Backsplash
🏡 Farmhouse Sink
🥫 Large Walk-In Pantry
The result is a home that maintains its historic East Hill character while still feeling comfortable and updated for guests.
📍 Beach Trip or Downtown Weekend?
Location is a big part of the opportunity here.
The property sits in historic East Hill, close to Publix, neighborhood coffee shops, restaurants and other local favorites.
More importantly for an STR, guests are positioned less than 15 minutes from both Downtown Pensacola and Pensacola Beach.
That creates the ability to market the home beyond a traditional beach rental—targeting guests coming for downtown events, restaurants, weekend trips and the broader Pensacola experience, while still giving them quick access to the Gulf.
🌳 Potential Upside in the Lot
The property also sits on a spacious lot with room to expand, according to the listing.
For an investor, that creates another angle worth exploring beyond simply continuing the existing three-bedroom rental.
Whether that ultimately means additional outdoor amenities, expanded entertainment space or some form of future property expansion would depend on zoning, permitting and feasibility, but having the physical space creates optionality that many similarly priced properties don't have.
📊 The Investment Story
💰 $389K Purchase Price
💵 ~$46.2K 2025 STR Revenue
📊 ~11.9% Gross Revenue / Price
🛏️ 3 Bedrooms / 2 Bathrooms
🏖️ <15 Minutes to Pensacola Beach
🏙️ <15 Minutes to Downtown
🌴 Historic East Hill
🌳 Large Lot + Potential Expansion Space
The thesis: buy a proven Pensacola STR at an approachable $389K basis, with nearly $4K/month in historical average gross revenue and a location that can capture both beach and downtown demand.
💸 Financing
With approximately $46K in 2025 STR revenue and a $389K purchase price, this could be worth evaluating with lenders that understand vacation-rental properties and STR income.
Depending on the borrower, property and lender requirements, potential structures can include DSCR, conventional investment, portfolio and other STR-focused financing options.
If you're trying to determine what your down payment could look like, whether the property's historical rental revenue can help it qualify, or which loan structure makes the most sense for your situation, our STR lending partner can help walk you through the options.
🏡 Want Help Buying the Right STR?
Finding a property is only one part of building a successful short-term rental.
We partner with a team that helps investors with the entire process—from choosing the right market and finding the property to underwriting, design, amenities and operations.
They can help with:
📍 Market Selection — identify markets that fit your budget and investment goals.
🔎 Property Search — find strong STR opportunities without spending hours combing through listings.
📊 Deal Underwriting — analyze individual properties and realistic revenue potential before you buy.
🎨 Design + Furnishing — create an STR designed to stand out against competing rentals.
🔥 Revenue-Driving Amenities — determine which investments could meaningfully improve bookings and nightly rates.
⚙️ Launch + Operations — help put the systems in place to operate and optimize the property after closing.
In order to work with them, they typically require having around $150,000 available for your down payment, furnishing, design, and revenue-driving amenities so you're positioned for success from day one.
To date, they've helped investors acquire 375+ properties, generating $60M+ in rental revenue with $25M+ in estimated tax savings.
Whether you need help figuring out where to buy, which property to choose, what it could generate, or how to design and amenity it to compete at the top of its market, they can help throughout the process.
💰 Thinking About Selling Your STR?
Already own a short-term rental and thinking about selling?
The Offer Sheet can put your property directly in front of an audience of active STR investors who are specifically looking for vacation rentals, including properties with proven revenue histories.
Whether your property is listed publicly or you want to explore an off-market sale, we can help get it in front of potential buyers.
Have a strong-performing Airbnb, unique vacation rental, or turnkey STR you may consider selling? Send it our way.
🎯 Why This One Stands Out
💵 ~$46K Proven 2025 Revenue
Historical STR performance instead of relying entirely on a pro forma.
💰 $389K Acquisition Price
That puts the historical gross revenue-to-price ratio at approximately 11.9%.
📍 Beach + Downtown Access
Both Pensacola Beach and Downtown Pensacola are less than 15 minutes away.
🏡 Historic East Hill Character
An early-1900s cottage with the architecture and charm to create a more distinctive guest experience.
🌳 Large Lot
Additional space creates potential long-term optionality beyond the existing home.
⚡ Bottom Line
$389K. ~$46K Proven Revenue. ~11.9% Gross Yield. 3 Bedrooms. Beach + Downtown Access.
This isn't a $1M+ beachfront STR requiring enormous revenue just to make the acquisition price work.
At $389K, you're getting a historic 3-bedroom home that has already produced approximately $46,200 in annual STR revenue, with access to two major Pensacola demand drivers: the beach and downtown.
Add in the character of East Hill and a larger lot with room for potential future improvements, and there's an interesting combination of existing STR performance + approachable price + real-estate optionality here.
📩 Interested in This Property?
