LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,976
Monthly Cash Flow
$9
Principal + Equity
$1,972
Annual Total Gain
$23,773
Cash on Cash
0.14%
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
Best Places to Retire in Florida
#174out of 660 markets
Best Places to Buy a House in Florida
#236out of 1193 markets
Places with the Best Public Schools in Florida
#172out of 660 markets
B
Public School
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in North Port, FL.
In North Port, FL, Short Term Rentals (STRs) are regulated by the city's Code of Ordinances. Here are some key regulations that an investor should be aware of before purchasing a property for STR purposes:
1. Zoning regulations: North Port has specific zoning regulations that dictate where STRs are allowed to operate. Investors should ensure that the property they are interested in purchasing is located in a zone that permits short term rentals.
2. Licensing requirements: In order to operate a STR in North Port, investors must obtain a Short Term Rental License from the city. This license must be renewed annually and failure to obtain or renew the license can result in fines or other penalties.
3. Occupancy limits: North Port has occupancy limits for STRs, which 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 regulations: North Port has noise regulations in place to ensure that STRs do not disturb neighboring residents. Investors should be aware of these regulations and take steps to ensure that their guests comply with them.
5. Parking regulations: North Port has regulations in place regarding parking for STRs. Investors should ensure that their property has adequate parking for guests and that they comply with any parking regulations set forth by the city.
6. Taxation: Investors should be aware that they may be required to collect and remit taxes on their STR income in North Port. This includes tourist development taxes and sales taxes, among others.
Overall, investors should thoroughly research and understand the regulations and requirements for operating a Short Term Rental in North Port before purchasing a property for this purpose. Failure to comply with these regulations can result in fines, penalties, or even the revocation of the Short Term Rental License.
Market Trends Over Time
Explore 25 years of market data for North Port, 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 North Port, FL.
The LTR Genie Score of North Port, FL is 68 and STR Genie Score is 47, indicating a high long-term rental potential and moderate short-term rental potential in the area. The LTR Rentability is high, suggesting that there is a strong demand for long-term rentals in North Port. However, the STR Genie Score is lower, likely due to the lower occupancy rate and revenue compared to long-term rentals.
North Port, FL is a growing city located in Sarasota County, known for its affordable housing options and proximity to beautiful beaches. The 1-Year Price Appreciation Forecast is slightly negative, indicating a potential buying opportunity for investors looking to enter the market at a lower price point.
Based on the metrics provided, North Port, FL seems to be more attractive for long-term rental investment due to the high LTR Rentability and Net ROI. Investors may want to consider purchasing properties in North Port for long-term rental purposes to capitalize on the steady rental income and potential for high returns. Short-term rental investment may not be as lucrative in this market based on the lower STR Genie Score and occupancy rate.
LTR Genie Score 93
$160,000
🛏 3 Beds🛁 3.0000 Baths🏙 1,791 sqft.🏠 SINGLE FAMILY