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Doral, 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
$3,025
Monthly Cash Flow
-$277
Principal + Equity
$2,796
Annual Total Gain
$30,232
Cash on Cash
-2.41%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$204
Occupancy Rate
56.52%
Monthly Revenue
$2,697
Monthly Cash Flow
-$1,009
Principal + Equity
$2,796
Annual Total Gain
$21,444
Cash on Cash %
-8.79%
Net ROI %
Market Health & Growth
Median Income
$88,474
Population
76,490
LTR Renter %
55.2%
Forecast (1 yr)
1.8%
Appreciation (1 yr)
-3.06%
Appreciation (5 yr)
54.94%
Appreciation (10 yr)
65.56%
Job Growth
2.12%
LTR Rentability
Very High
STR Demand
43
STR Rentals
692
Top Public Schools
ASchool for Advanced Studies - Homestead
ASchool for Advanced Studies - North
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
Best Suburbs to Live in Florida
#109out of 380 markets
Best Suburbs to Raise a Family in Florida
#75out of 380 markets
Best Suburbs for Young Professionals in Florida
#42out of 380 markets
B
Public School
B-
Crime And Safety
D
Housing
A-
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 Doral, FL.
In Doral, FL, Short Term Rentals (STRs) are regulated by the city's Code of Ordinances. Investors looking to purchase a property for STR purposes should be aware of the following regulations:
1. Registration and Licensing: Property owners must register their STR with the city and obtain a license to operate. This includes providing proof of insurance, paying applicable fees, and meeting all safety and health requirements.
2. Zoning Restrictions: STRs are only allowed in certain zoning districts in Doral. Investors should check the city's zoning map to ensure that the property they are interested in is located in a district where STRs are permitted.
3. Occupancy Limits: The city of Doral has specific occupancy limits for STRs, which vary depending on the size of the property. Investors should be aware of these limits and ensure that they are not exceeded.
4. Noise and Nuisance Regulations: Property owners are responsible for ensuring that their guests comply with noise regulations and do not create a nuisance for neighbors. Failure to do so can result in fines or the revocation of the STR license.
5. Taxation: Investors should be aware that they may be required to collect and remit taxes on STR rentals, including sales tax, tourist development tax, and resort tax. Failure to comply with tax regulations can result in penalties and fines.
6. Code Compliance: Property owners must ensure that their STRs comply with all building and safety codes, including fire safety regulations, ADA accessibility requirements, and health standards.
7. Homeowner's Association (HOA) Rules: If the property is located in a community with an HOA, investors should review the association's rules and regulations regarding STRs. Some HOAs may have restrictions or prohibitions on short term rentals.
Overall, investors considering purchasing a property in Doral, FL for Short Term Rental purposes should thoroughly research and understand the city's regulations and requirements to ensure compliance and avoid any potential legal issues.
Market Trends Over Time
Explore 25 years of market data for Doral, 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 Doral, FL.
The LTR Genie Score of Doral, FL is 82 and the STR Genie Score is 49. The LTR Genie Score is considered very high, indicating strong potential for long-term rental investment in the area. This is supported by the high LTR Rentability, LTR Net ROI, and positive 1-Year Price Appreciation Forecast. On the other hand, the STR Genie Score is moderate, suggesting that short-term rental investment may not be as lucrative in Doral compared to long-term rentals. The lower STR Net ROI and occupancy rate contribute to this lower score.
Doral, FL is a rapidly growing city known for its diverse population, strong economy, and excellent schools. With its proximity to Miami and major transportation hubs, Doral offers a desirable location for real estate investors looking to capitalize on the area's growth and demand for rental properties.
Based on the metrics provided, Doral, FL appears to be an attractive market for long-term rental investment. The high LTR Genie Score, rent growth rate, and net ROI indicate strong potential for steady income and appreciation in the long term. While the STR Genie Score is not as high, investors may still find opportunities in the short-term rental market, especially if they are willing to put in the effort to maximize occupancy and revenue. Ultimately, a diversified investment strategy that includes both long-term and short-term rentals could be beneficial in this market.
