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Davie, 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
$2,369
Monthly Cash Flow
-$1,106
Principal + Equity
$3,380
Annual Total Gain
$27,287
Cash on Cash
-10.24%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$232
Occupancy Rate
64.29%
Monthly Revenue
$3,063
Monthly Cash Flow
-$871
Principal + Equity
$3,380
Annual Total Gain
$30,101
Cash on Cash %
-8.07%
Net ROI %
Market Health & Growth
Median Income
$87,171
Population
106,412
LTR Renter %
33.42%
Forecast (1 yr)
1.93%
Appreciation (1 yr)
-3.52%
Appreciation (5 yr)
45.46%
Appreciation (10 yr)
94.99%
Job Growth
0.08%
LTR Rentability
Low
STR Demand
64
STR Rentals
7,907
Top Public Schools
AThe College Academy at Broward College
AMcFatter Technical High School
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
#25out of 380 markets
Most Diverse Places to Live in Florida
#53out of 1195 markets
Best Suburbs for Young Professionals in Florida
#44out of 380 markets
B
Public School
C
Crime And Safety
C-
Housing
B
Nightlife
B
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 Davie, FL.
In Davie, FL, short term rentals are regulated by the town's Code of Ordinances. Investors looking to purchase a property for short term rental purposes should be aware of the following regulations:
1. Registration: Property owners must register their short term rental property with the town and obtain a business tax receipt before operating as a short term rental.
2. Zoning: Short term rentals are only allowed in certain zoning districts in Davie. Investors should check the zoning regulations to ensure that the property they are interested in purchasing is eligible for short term rental use.
3. Occupancy limits: The town of Davie has specific occupancy limits for short term rentals, which vary depending on the size of the property. Investors should be aware of these limits and ensure compliance with them.
4. Noise and nuisance regulations: Property owners are responsible for ensuring that their short term rental guests comply with noise regulations and do not create a nuisance for neighbors. Failure to do so can result in fines or other penalties.
5. Safety and health regulations: Short term rental properties in Davie must meet certain safety and health standards, including having working smoke detectors, fire extinguishers, and proper sanitation facilities. Investors should ensure that their property meets these requirements before renting it out.
6. Taxes: Property owners are required to collect and remit tourist development taxes and sales taxes on short term rental transactions in Davie. Investors should be aware of these tax obligations and ensure compliance with them.
Overall, investors looking to purchase a property for short term rental purposes in Davie, FL should carefully review and understand the town's regulations to ensure compliance and avoid any potential legal issues.
Market Trends Over Time
Explore 25 years of market data for Davie, 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 Davie, FL.
The LTR Genie Score of Davie, FL is 59 and STR Genie Score is 62, indicating a moderate to high potential for both long-term and short-term rental investments in the area. The LTR Rentability being low may be attributed to factors such as high property prices or low demand for long-term rentals in Davie. However, the LTR Net ROI of 21.07% and STR Net ROI of 23.24% suggest that both rental strategies can be profitable in this market. The 1-Year Price Appreciation Forecast of 1.93% indicates a stable market with potential for property value growth.
Davie, FL is a suburban town located in Broward County, known for its family-friendly atmosphere, top-rated schools, and proximity to major highways and attractions in South Florida. Real estate investors may find opportunities in both long-term and short-term rental properties due to the town's appeal to both residents and tourists.
In conclusion, Davie, FL presents a promising opportunity for real estate investors looking to capitalize on both long-term and short-term rental markets. With favorable ROI metrics and a stable price appreciation forecast, investors may consider diversifying their portfolio with properties in this area. It is recommended to conduct further market research and analysis to determine the best investment strategy based on individual goals and risk tolerance.
LTR Genie Score 93
$99,999
🛏 4 Beds🛁 3.0000 Baths🏙 1,500 sqft.🏠 SINGLE FAMILY
