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Genie Score
Monthly Cash Flow
Annual Total Gain
Estimated Rent
$2,273
$3,084
Appreciation
Data-driven answers to common investor questions about this market.
10.16%
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Job Growth
-0.01%
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Population
43,104
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The LTR Genie Score of North Miami Beach, FL is 72, indicating a moderate level of rentability for long-term rental properties. The STR Genie Score is 81, showing a high level of rentability for short-term rental or Airbnb properties. The high STR Genie Score can be attributed to the strong STR Net ROI of 43.34% and high STR Occupancy rate of 65.0%. On the other hand, the LTR Rentability is lower due to the lower LTR Rent Growth Rate of 0.0626% and LTR Net ROI of 39.61%.
North Miami Beach, FL is a popular tourist destination known for its beautiful beaches, diverse dining options, and vibrant nightlife. The city attracts a steady stream of visitors throughout the year, making it an attractive market for short-term rental investments. However, the low LTR Rentability may pose challenges for long-term rental investors looking for stable rental income.
Based on the metrics provided, North Miami Beach, FL appears to be more attractive for short-term rental investments due to the high STR Genie Score and strong metrics in that category. Investors looking for higher returns and flexibility in property usage may find success in the short-term rental market in this area. However, long-term rental investors should carefully consider the lower LTR Rentability before making investment decisions in North Miami Beach, FL.