LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$2,767
Monthly Cash Flow
-$389
Principal + Equity
$3,733
Annual Total Gain
$40,128
Cash on Cash
-3.59%
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
#55out of 380 markets
Most Diverse Places to Live in Florida
#137out of 1195 markets
Best Suburbs for Young Professionals in Florida
#128out of 380 markets
B
Public School
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Miramar, FL.
In Miramar, FL, short term rentals (STRs) 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. Licensing: All STRs in Miramar must be licensed by the city. This includes obtaining a business tax receipt and complying with any other licensing requirements set forth by the city.
2. Zoning restrictions: Miramar has specific zoning regulations that dictate where STRs are allowed to operate. Investors should ensure that the property they are considering purchasing is located in a zone that permits short term rentals.
3. Occupancy limits: The city of Miramar has occupancy limits for STRs, which may vary depending on the size of the property. Investors should be aware of these limits and ensure that they are compliant with them.
4. Noise and nuisance regulations: STRs in Miramar are subject to noise and nuisance regulations, which are in place to ensure that guests are respectful of the surrounding community. Investors should be aware of these regulations and take steps to mitigate any potential issues.
5. Taxation: STRs in Miramar are subject to local lodging taxes, which must be collected and remitted to the city. Investors should be aware of these tax obligations and ensure that they are in compliance with them.
6. Code compliance: STRs in Miramar must comply with all applicable building and safety codes. Investors should ensure that the property they are considering purchasing meets these requirements.
Overall, investors looking to purchase a property for short term rental purposes in Miramar, FL should familiarize themselves with the city's regulations and ensure that they are in compliance with all applicable laws. Failure to do so could result in fines or other penalties that could impact the profitability of the investment.
Market Trends Over Time
Explore 25 years of market data for Miramar, 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 Miramar, FL.
The LTR Genie Score of Miramar, FL is 67 and STR Genie Score is 87, indicating a moderate and high rating respectively. The LTR Rentability is moderate, which may be contributing to the moderate LTR Genie Score. However, the LTR Net ROI of 30.8% is quite attractive for long-term rental investors. On the other hand, the high STR Genie Score of 87 suggests that the short-term rental market in Miramar is thriving, with a strong Net ROI of 47.56% and high occupancy rate of 64.52.
Miramar, FL is a growing city with a diverse population and a strong economy. It is located in Broward County, close to major highways, making it a convenient location for residents and visitors alike. The city offers a mix of residential neighborhoods, shopping centers, and recreational facilities, making it an attractive destination for real estate investors.
Based on the metrics provided, Miramar, FL seems to be a more attractive market for short-term rental investment due to the high STR Genie Score and strong Net ROI. The 1-Year Price Appreciation Forecast of 1.7% also suggests potential growth in property values. However, long-term rental investors may still find opportunities in the market, especially with the moderate LTR Rentability and attractive LTR Net ROI. Ultimately, investors should carefully consider their investment goals and risk tolerance before deciding on the best strategy for Miramar, FL.
