LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$2,332
Monthly Cash Flow
$205
Principal + Equity
$2,478
Annual Total Gain
$32,193
Cash on Cash
3.05%
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
#2out of 380 markets
Most Diverse Places to Live in Florida
#7out of 1195 markets
Best Suburbs for Young Professionals in Florida
#195out of 380 markets
B
Public School
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Margate, FL.
In Margate, 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: Property owners must register their short term rental property with the city and obtain a business tax receipt.
2. Zoning: Short term rentals are only permitted in certain zoning districts within the city. Investors should check the zoning regulations for the specific property they are interested in purchasing.
3. Occupancy limits: The city of Margate has occupancy limits for short term rentals, which vary depending on the size of the property. Investors should ensure they are in compliance with these limits.
4. Noise and nuisance regulations: Property owners are responsible for ensuring that their short term rental guests do not create excessive noise or disturbances in the neighborhood.
5. Parking regulations: Investors should be aware of any parking regulations that may apply to short term rentals in Margate, FL. This includes ensuring that there is adequate parking available for guests.
6. Safety regulations: Property owners must comply with all safety regulations, including having working smoke detectors and fire extinguishers in the rental property.
7. Taxes: Investors should be aware of any local taxes that may apply to short term rentals in Margate, FL, such as tourist development taxes.
By being aware of and complying with these regulations, investors can ensure that their short term rental property in Margate, FL is operating legally and responsibly.
Market Trends Over Time
Explore 25 years of market data for Margate, 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 Margate, FL.
The LTR Genie Score of Margate, FL is 77 and the STR Genie Score is 83, indicating that both long-term and short-term rental opportunities in this market are considered high. The high STR Genie Score can be attributed to the strong occupancy rate of 61.29% and the healthy revenue of $2804. On the other hand, the LTR Genie Score is slightly lower due to the stagnant rent growth rate of 0.0%. Overall, the market seems to be favorable for both long-term and short-term rental investments.
Margate, FL is a city located in Broward County, known for its family-friendly community, parks, and recreational activities. The city offers a mix of residential neighborhoods and commercial areas, making it an attractive location for real estate investors looking to diversify their portfolio. With a forecasted 1.6% price appreciation, Margate presents potential for long-term growth in property values.
In conclusion, Margate, FL appears to be a promising market for both long-term and short-term rental investments. Real estate investors may consider exploring opportunities in both rental strategies to maximize their ROI in this growing market.
LTR Genie Score 93
$549,620
🛏 3 Beds🛁 2.0000 Baths🏙 1,886 sqft.🏠 SINGLE FAMILY
