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Sunrise, 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
$2,501
Monthly Cash Flow
$150
Principal + Equity
$2,874
Annual Total Gain
$36,285
Cash on Cash
1.95%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$232
Occupancy Rate
64.29%
Monthly Revenue
$3,063
Monthly Cash Flow
$252
Principal + Equity
$2,874
Annual Total Gain
$37,515
Cash on Cash %
3.29%
Net ROI %
Market Health & Growth
Median Income
$72,107
Population
96,633
LTR Renter %
30.74%
Forecast (1 yr)
1.6%
Appreciation (1 yr)
-5.56%
Appreciation (5 yr)
47.46%
Appreciation (10 yr)
125.36%
Job Growth
0.87%
LTR Rentability
Moderate
STR Demand
64
STR Rentals
7,907
Top Public Schools
AThe College Academy at Broward College
AMcFatter Technical High School
A
A
A
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
#9out of 380 markets
Most Diverse Places to Live in Florida
#14out of 1195 markets
Best Suburbs for Young Professionals in Florida
#107out 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 Sunrise, FL.
In Sunrise, 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 short term rental in Sunrise:
1. Licensing: All STRs in Sunrise must be licensed by the city. This includes obtaining a business tax receipt and paying the required fees.
2. Zoning restrictions: Sunrise has specific zoning regulations that dictate where STRs are allowed to operate. It is important for investors to ensure that the property they are considering purchasing is located in a zone that permits short term rentals.
3. Occupancy limits: Sunrise 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: Sunrise has noise regulations in place to ensure that STRs do not disturb the peace and quiet of residential neighborhoods. Investors should be aware of these regulations and take steps to ensure that their guests comply with them.
5. Parking regulations: Sunrise has parking regulations that STRs must adhere to. Investors should ensure that their property has adequate parking for guests and that they are compliant with the city's parking regulations.
6. Safety regulations: Sunrise has safety regulations in place to ensure that STRs meet certain standards for fire safety, building codes, and other safety measures. Investors should ensure that their property meets these regulations to ensure the safety of their guests.
Overall, investors looking to purchase a property for short term rental in Sunrise, FL should familiarize themselves with the city's regulations and ensure that their property is compliant with all requirements before proceeding with their investment.
Market Trends Over Time
Explore 25 years of market data for Sunrise, 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 Sunrise, FL.
The LTR Genie Score of Sunrise, FL is 76 and STR Genie Score is 82, indicating that the market is performing well for both long-term and short-term rental investments. The moderate LTR Rentability suggests that there may be some competition in the long-term rental market, but the high STR Genie Score and STR Net ROI of 40.83% indicate that short-term rentals, such as Airbnb, may be a more lucrative option in this area. The 1-Year Price Appreciation Forecast of 1.6% also suggests that property values are expected to increase slightly in the near future.
Sunrise, FL is a city located in Broward County, known for its family-friendly community, diverse population, and convenient access to major highways and amenities. The city offers a mix of residential neighborhoods, shopping centers, and recreational facilities, making it an attractive location for real estate investors looking to capitalize on both long-term and short-term rental opportunities.
Overall, based on the metrics provided, Sunrise, FL appears to be a promising market for short-term rental investments due to the high STR Genie Score and STR Net ROI. However, investors should also consider the moderate LTR Rentability and potential for long-term growth in property values when making their investment decisions. It may be beneficial to explore a combination of both long-term and short-term rental strategies in this market to maximize returns.
