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Melbourne, 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
$1,911
Monthly Cash Flow
-$315
Principal + Equity
$2,504
Annual Total Gain
$26,263
Cash on Cash
-4.24%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$163
Occupancy Rate
63.33%
Monthly Revenue
$2,205
Monthly Cash Flow
-$352
Principal + Equity
$2,504
Annual Total Gain
$25,824
Cash on Cash %
-4.74%
Net ROI %
Market Health & Growth
Median Income
$90,521
Population
85,718
LTR Renter %
25.1%
Forecast (1 yr)
0.84%
Appreciation (1 yr)
-5.01%
Appreciation (5 yr)
41.96%
Appreciation (10 yr)
106.13%
Job Growth
0.56%
LTR Rentability
Low
STR Demand
64
STR Rentals
657
Top Public Schools
AWest Shore Junior/Senior High School
AEdgewood Junior/Senior 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
Best Places to Buy a House in Florida
#117out of 1193 markets
Best Places to Raise a Family in Florida
#174out of 1195 markets
Places with the Best Public Schools in Florida
#63out of 660 markets
A-
Public School
C
Crime And Safety
B
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 Melbourne, FL.
In Melbourne, FL, there are regulations in place for Short Term Rentals (STR) that investors should be aware of before purchasing a property for this purpose. Some key regulations include:
1. Zoning restrictions: Melbourne has specific zoning regulations that dictate where short term rentals are allowed to operate. Investors should check the zoning laws in the area they are interested in to ensure that short term rentals are permitted.
2. Licensing and permits: In Melbourne, STR operators are required to obtain a business tax receipt and a short term rental permit from the city. These permits may have specific requirements such as safety inspections, insurance coverage, and occupancy limits.
3. Occupancy limits: Melbourne has regulations in place regarding the maximum number of guests allowed to stay in a short term rental property. Investors should be aware of these limits and ensure they are compliant with the regulations.
4. Noise and nuisance regulations: Melbourne has noise ordinances in place to ensure that short term rental properties do not disrupt the peace and quiet of the neighborhood. Investors should be aware of these regulations and take steps to mitigate any potential noise issues.
5. Taxes: Short term rental operators in Melbourne are required to collect and remit tourist development taxes and sales taxes on rental income. Investors should be aware of these tax obligations and ensure they are in compliance with the law.
Overall, investors looking to purchase a property for short term rental in Melbourne, FL should familiarize themselves with the local regulations and ensure they are in compliance to avoid any potential legal issues. Consulting with a real estate attorney or local property management company can also be helpful in navigating the regulations and requirements for short term rentals in the area.
Market Trends Over Time
Explore 25 years of market data for Melbourne, 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 Melbourne, FL.
The LTR Genie Score of Melbourne, FL is 65 and STR Genie Score is 61, indicating a moderate level of attractiveness for both long-term and short-term rental investments. The LTR Rentability being low suggests that the market may not be as favorable for long-term rentals compared to short-term rentals. The LTR Net ROI of 29.45% and STR Net ROI of 28.95% are relatively high, indicating good potential for returns in both rental strategies. The 1-Year Price Appreciation Forecast of 0.84% suggests a stable market with slight growth potential. The STR Occupancy rate of 63.33% and STR Revenue of 2205 indicate a decent demand for short-term rentals in the area.
Melbourne, FL is a city located on Florida's Space Coast known for its beautiful beaches, outdoor recreational activities, and aerospace industry presence. The city offers a diverse economy and a growing population, making it an attractive location for real estate investment.
In conclusion, Melbourne, FL presents opportunities for both long-term and short-term rental investments, with slightly higher potential for returns in long-term rentals. Investors may consider diversifying their portfolio by investing in both rental strategies to maximize their returns in this stable and growing market. It is recommended to conduct further market research and analysis to make informed investment decisions in Melbourne, FL.
LTR Genie Score 93
$195,000
🛏 2 Beds🛁 2.0000 Baths🏙 1,131 sqft.🏠 CONDO
2700 N Highway A1a APT 11-205, Indialantic, FL 32903
