Hallandale Beach, 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
$2,454
Monthly Cash Flow
$654
Principal + Equity
$1,148
Annual Total Gain
$21,622
Cash on Cash
11.14%
Net ROI %
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
Most Diverse Suburbs in Florida
#45out of 380 markets
Most Diverse Places to Live in Florida
#105out of 1195 markets
Best Suburbs for Young Professionals in Florida
#36out of 380 markets
B
Public School
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Hallandale Beach, FL.
In Hallandale Beach, FL, Short Term Rentals (STRs) are regulated by the city's Code of Ordinances. Investors should be aware of the following regulations before purchasing a property for STR purposes:
1. Registration and Licensing: All STRs in Hallandale Beach must be registered with the city and obtain a business tax receipt. Additionally, property owners must obtain a Short Term Rental License from the city before operating a rental property.
2. Zoning Restrictions: The city has specific zoning regulations that dictate where STRs are allowed to operate. Investors should ensure that the property they are interested in purchasing is located in a zone that permits short term rentals.
3. Occupancy Limits: The city has occupancy limits for STRs, which vary depending on the size of the property. Investors should be aware of these limits and ensure that their property complies with them.
4. Noise and Nuisance Regulations: Hallandale Beach has strict noise and nuisance regulations that apply to all rental properties, including STRs. Investors should be aware of these regulations and ensure that their property is in compliance.
5. Taxation: Investors should be aware of the tax implications of operating an STR in Hallandale Beach. This may include occupancy taxes, sales taxes, and tourist development taxes that must be collected and remitted to the appropriate authorities.
6. Code Compliance: Property owners are responsible for ensuring that their rental property meets all building and safety codes. Investors should conduct a thorough inspection of the property to identify any potential code violations before purchasing.
By being aware of and complying with these regulations, investors can ensure that their investment in a Short Term Rental property in Hallandale Beach is successful and profitable.
Market Trends Over Time
Market trend data is not yet available for Hallandale Beach, FL.
Nearest Markets
Explore nearby investment markets close to Hallandale Beach, FL.
The LTR Genie Score of Hallandale Beach, FL is 74, indicating a moderate level of attractiveness for long-term rental investment. This score is influenced by factors such as a moderate LTR Rentability, a positive LTR Rent Growth Rate, and a high LTR Net ROI of 30.7%. On the other hand, the STR Genie Score is 68, also falling in the moderate range. This score is impacted by a decent STR Net ROI of 24.86%, a positive 1-Year Price Appreciation Forecast, and a moderate STR Occupancy rate of 58.62%.
Hallandale Beach, FL is a coastal city known for its beautiful beaches, vibrant nightlife, and proximity to major attractions like Gulfstream Park Racing and Casino. The real estate market in this area is diverse, offering a mix of residential properties and vacation rentals.
Based on the metrics provided, Hallandale Beach, FL seems to be a favorable market for both long-term and short-term rental investments. The positive LTR Net ROI and STR Net ROI suggest that investors can potentially earn a good return on their investment in both rental strategies. Additionally, the 1-Year Price Appreciation Forecast indicates potential growth in property values. Overall, investors may find success in diversifying their portfolio with both long-term and short-term rental properties in Hallandale Beach, FL.
LTR Genie Score 93
$199,999
🛏 2 Beds🛁 2.0000 Baths🏙 1,050 sqft.🏠 CONDO
455 Paradise Isle Boulevard #305, Hallandale Beach, FL 33009