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Mount Dora, 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
$2,162
Monthly Cash Flow
-$305
Principal + Equity
$2,665
Annual Total Gain
$28,319
Cash on Cash
-3.75%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$187
Occupancy Rate
51.72%
Monthly Revenue
$2,278
Monthly Cash Flow
-$531
Principal + Equity
$2,665
Annual Total Gain
$25,607
Cash on Cash %
-6.52%
Net ROI %
Market Health & Growth
Median Income
$69,931
Population
16,812
LTR Renter %
37.3%
Forecast (1 yr)
1%
Appreciation (1 yr)
-1.84%
Appreciation (5 yr)
41.37%
Appreciation (10 yr)
101.61%
Job Growth
4.74%
LTR Rentability
Very High
STR Demand
52
STR Rentals
275
Top Public Schools
BImagine Schools South Lake
BCornerstone Charter Academy High School
B
B
B
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
Best Suburbs to Live in Florida
#173out of 380 markets
Most Diverse Suburbs in Florida
#172out of 380 markets
Best Suburbs for Young Professionals in Florida
#162out of 380 markets
B-
Public School
C
Crime And Safety
C-
Housing
B
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 Mount Dora, FL.
In Mount Dora, 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 and Licensing: Property owners must obtain a business tax receipt and a short term rental license from the city before operating a short term rental. The property must also be registered with the state of Florida as a transient rental.
2. Zoning Restrictions: Short term rentals are only allowed in certain zoning districts in Mount Dora. Investors should check the city's zoning map to ensure that the property they are interested in purchasing is located in a zone where short term rentals are permitted.
3. Occupancy Limits: The city of Mount Dora has occupancy limits for short term rentals, which vary depending on the size of the property. Investors should ensure that the property they are considering purchasing complies with these occupancy limits.
4. Noise and Nuisance Regulations: Property owners are responsible for ensuring that their short term rental property does not create a nuisance for neighbors. This includes adhering to noise regulations and maintaining the property in a clean and safe condition.
5. Taxation: Short term rental properties in Mount Dora are subject to local and state sales and tourist development taxes. Investors should be aware of their tax obligations and ensure that they are properly collecting and remitting these taxes.
6. Code Compliance: Short term rental properties in Mount Dora must comply with all building, fire, and safety codes. Investors should ensure that the property they are interested in purchasing meets these requirements.
By being aware of and complying with these regulations, investors can ensure that their short term rental property in Mount Dora operates legally and successfully. It is recommended to consult with a local real estate attorney or property management company familiar with the regulations in Mount Dora before making a purchase.
Market Trends Over Time
Explore 25 years of market data for Mount Dora, 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 Mount Dora, FL.
The LTR Genie Score of Mount Dora, FL is 79, indicating a high level of rentability for long-term rental properties in the area. The STR Genie Score of 54 suggests a moderate level of rentability for short-term rental properties. The high LTR Genie Score can be attributed to the strong LTR Net ROI of 28.99% and the stable LTR Rent Growth Rate of 0.0%. On the other hand, the moderate STR Genie Score is influenced by the relatively lower STR Net ROI of 26.22% and the STR Occupancy rate of 51.72.
Mount Dora, FL is a charming and picturesque city known for its historic downtown area, beautiful lakes, and annual festivals. The city attracts tourists and visitors looking for a peaceful retreat, making it a potentially attractive market for short-term rental investments.
Based on the metrics provided, Mount Dora, FL seems to be a more favorable market for long-term rental investments due to the high LTR Genie Score and the strong LTR Net ROI. However, with the moderate STR Genie Score and the potential for tourist influx, short-term rental investments could also be viable in this market. Real estate investors may consider diversifying their portfolio by exploring both long-term and short-term rental opportunities in Mount Dora, FL.
LTR Genie Score 80
$415,000
🛏 4 Beds🛁 3.0000 Baths🏙 2,760 sqft.🏠 SINGLE FAMILY
