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Fort Lauderdale, 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
$2,760
Monthly Cash Flow
-$596
Principal + Equity
$2,946
Annual Total Gain
$28,198
Cash on Cash
-5.62%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$232
Occupancy Rate
64.29%
Monthly Revenue
$3,063
Monthly Cash Flow
-$752
Principal + Equity
$2,946
Annual Total Gain
$26,324
Cash on Cash %
-7.09%
Net ROI %
Market Health & Growth
Median Income
$79,935
Population
183,032
LTR Renter %
46.16%
Forecast (1 yr)
1.96%
Appreciation (1 yr)
-5.23%
Appreciation (5 yr)
42.64%
Appreciation (10 yr)
79.35%
Job Growth
0.51%
LTR Rentability
Low
STR Demand
64
STR Rentals
7,907
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.
B
Overall
Top-level market grade
Healthiest Cities in America
#43out of 229 markets
Best Cities to Retire in America
#8out of 229 markets
Healthiest Places to Live in America
#43out of 230 markets
B
Public School
D
Crime And Safety
D
Housing
A-
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 Fort Lauderdale, FL.
In Fort Lauderdale, FL, Short Term Rentals (STRs) are regulated by the city's Code Compliance Division. Investors looking to purchase a property for STR purposes should be aware of the following regulations:
1. Licensing: All STR properties in Fort Lauderdale must be licensed by the city. This includes obtaining a Certificate of Compliance and paying an annual licensing fee. Failure to obtain the necessary license can result in fines and penalties.
2. Zoning restrictions: STR properties must be located in areas zoned for transient lodging. Investors should check the city's zoning map to ensure that the property they are considering is in a permissible zone for STRs.
3. Occupancy limits: The city of Fort Lauderdale has strict occupancy limits for STR properties. Investors should be aware of these limits and ensure that they are not exceeded to avoid fines and penalties.
4. Noise regulations: STR properties in Fort Lauderdale must comply with noise regulations to ensure that they do not disturb neighboring residents. Investors should be aware of these regulations and take steps to minimize noise disturbances.
5. Parking regulations: STR properties must provide adequate parking for guests. Investors should ensure that their property has sufficient parking spaces and comply with any parking regulations set by the city.
6. Tax obligations: Investors in STR properties in Fort Lauderdale are required to collect and remit tourist development taxes and sales taxes. Failure to comply with these tax obligations can result in fines and penalties.
Overall, investors looking to purchase a property for Short Term Rental in Fort Lauderdale 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 Fort Lauderdale, 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 Fort Lauderdale, FL.
The LTR Genie Score of Fort Lauderdale, FL is 63 and STR Genie Score is 64, indicating a moderate level of attractiveness for both long-term and short-term rental investments. The LTR Rentability is low, which may be attributed to factors such as high competition or low demand for long-term rentals in the area. However, the LTR Net ROI of 22.13% suggests that despite the low rentability, investors can still achieve a high return on investment in the long term. On the other hand, the STR Net ROI of 20.66% and high STR Genie Score indicate that short-term rentals may be a more lucrative option in Fort Lauderdale due to higher occupancy rates and revenue.
Fort Lauderdale, FL is a popular tourist destination known for its beautiful beaches, vibrant nightlife, and cultural attractions. The city attracts a large number of visitors throughout the year, making it a potentially lucrative market for short-term rental investments. Additionally, Fort Lauderdale's 1-year price appreciation forecast of 1.96% suggests that property values are expected to increase, providing potential for capital appreciation for real estate investors.
In conclusion, Fort Lauderdale, FL presents opportunities for both long-term and short-term rental investments. Investors may consider diversifying their portfolio by investing in both rental strategies to maximize their returns in this dynamic market. However, it is important to conduct thorough market research and due diligence to make informed investment decisions in Fort Lauderdale.
LTR Genie Score 93
$270,000
🛏 1 Beds🛁 1.0000 Baths🏙 805 sqft.🏠 CONDO
1900 S OCEAN Drive #710, Fort Lauderdale, FL 33316