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Coconut Creek, 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
$2,284
Monthly Cash Flow
$321
Principal + Equity
$1,757
Annual Total Gain
$24,940
Cash on Cash
5.32%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$228
Occupancy Rate
61.29%
Monthly Revenue
$2,804
Monthly Cash Flow
$420
Principal + Equity
$1,757
Annual Total Gain
$26,128
Cash on Cash %
6.96%
Net ROI %
Market Health & Growth
Median Income
$75,516
Population
57,587
LTR Renter %
35.06%
Forecast (1 yr)
1.45%
Appreciation (1 yr)
-9.1%
Appreciation (5 yr)
35.93%
Appreciation (10 yr)
85.31%
Job Growth
1.15%
LTR Rentability
Moderate
STR Demand
60
STR Rentals
3,087
Top Public Schools
AA.D. Henderson University School & FAU High School
AThe College Academy at Broward College
A
A
A
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
Most Diverse Suburbs in Florida
#23out of 380 markets
Most Diverse Places to Live in Florida
#49out of 1195 markets
Best Suburbs for Young Professionals in Florida
#53out of 380 markets
B
Public School
B-
Crime And Safety
C
Housing
B
Nightlife
A-
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Coconut Creek, FL.
In Coconut Creek, FL, short term rentals are regulated by the city's Code of Ordinances. Investors looking to purchase a property for short term rental purposes should be aware of the following regulations:
1. Registration and Licensing: Property owners must obtain a business tax receipt and a short term rental license from the city in order to legally operate a short term rental. The property must also comply with all building and zoning codes.
2. Occupancy Limits: The city of Coconut Creek has specific occupancy limits for short term rentals, which vary depending on the size of the property. Property owners must adhere to these limits to avoid fines or penalties.
3. Noise and Nuisance Regulations: Property owners are responsible for ensuring that their short term rental property does not create excessive noise or disturbances that disrupt the peace and quiet of the neighborhood. Violations of noise regulations can result in fines or revocation of the short term rental license.
4. Parking Regulations: Property owners must provide adequate parking for guests staying at the short term rental property. Parking must comply with the city's regulations to avoid fines or penalties.
5. Taxation: Short term rental properties in Coconut Creek are subject to local tourist development taxes and sales taxes. Property owners must collect and remit these taxes to the appropriate authorities.
6. Homeowner's Association Rules: If the property is located within a homeowner's association (HOA), investors should be aware of any additional regulations or restrictions imposed by the HOA regarding short term rentals.
It is important for investors to thoroughly research and understand the regulations and requirements for short term rentals in Coconut Creek 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 Coconut Creek, 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 Coconut Creek, FL.
The LTR Genie Score of Coconut Creek, FL is 75 and STR Genie Score is 77, indicating a high level of attractiveness for both long-term and short-term rental investments. The moderate LTR Rentability suggests that there is potential for steady rental income in the long term, while the high STR Genie Score and STR Net ROI of 36.1% indicate strong potential for short-term rental profitability. The 1-Year Price Appreciation Forecast of 1.45% also suggests a stable market with potential for property value growth.
Coconut Creek, FL is a suburban city located in Broward County, known for its family-friendly community, parks, and recreational activities. With a growing population and a strong demand for rental properties, Coconut Creek presents a promising opportunity for real estate investors looking to diversify their portfolio.
In conclusion, Coconut Creek, FL appears to be an attractive market for both long-term and short-term rental investments. Investors may consider a combination of both strategies to maximize their returns in this growing and stable market.
LTR Genie Score 93
$750,000
🛏 4 Beds🛁 3.0000 Baths🏙 2,422 sqft.🏠 SINGLE FAMILY