LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$2,092
Monthly Cash Flow
-$69
Principal + Equity
$2,314
Annual Total Gain
$26,943
Cash on Cash
-1.1%
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
#21out of 380 markets
Most Diverse Places to Live in Florida
#43out of 1195 markets
Best Suburbs to Raise a Family in Florida
#177out of 380 markets
B
Public School
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Tamarac, FL.
In Tamarac, FL, short term rentals 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:
1. Registration: Property owners must register their short term rental property with the city and obtain a business tax receipt before operating as a short term rental.
2. Zoning: Short term rentals are only allowed in certain zoning districts in Tamarac. Investors should check the city's zoning map to ensure that the property they are considering purchasing is in a zone where short term rentals are permitted.
3. Occupancy limits: The city of Tamarac 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 noise or other nuisances that disturb neighbors. Investors should be aware of the city's noise regulations and take steps to mitigate any potential disturbances.
5. Parking regulations: Tamarac has parking regulations that apply to short term rental properties. Investors should ensure that the property they are considering purchasing has adequate parking for guests and complies with the city's parking regulations.
6. Safety regulations: Property owners are required to comply with all applicable safety regulations, including fire safety and building code requirements. Investors should ensure that the property they are considering purchasing meets these safety standards.
By being aware of and complying with these regulations, investors can ensure that their short term rental property in Tamarac, FL operates legally and successfully.
Market Trends Over Time
Explore 25 years of market data for Tamarac, 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 Tamarac, FL.
The LTR Genie Score of Tamarac, FL is 71 and STR Genie Score is 79, indicating a moderate to high level of attractiveness for both long-term rental and short-term rental investments. The LTR Rentability is moderate, suggesting that there is potential for steady rental income in the long term. The LTR Net ROI of 35.82% is quite attractive, while the STR Net ROI of 43.98% is even higher, indicating that short-term rental properties may offer higher returns in this market. The 1-Year Price Appreciation Forecast of 1.3% suggests a stable market with potential for modest growth. The STR Occupancy rate of 64.29% and STR Revenue of 3063 indicate a healthy demand for short-term rentals in Tamarac.
Tamarac, FL is a growing city located in Broward County, known for its affordable housing options and convenient location near major highways and amenities. The city has a diverse population and offers a mix of residential and commercial properties, making it an attractive investment opportunity for real estate investors.
In conclusion, Tamarac, FL appears to be a promising market for both long-term rental and short-term rental investments. With moderate to high Genie Scores and attractive ROI metrics, investors may find success in either rental strategy in this market. It is recommended for real estate investors to conduct further research and due diligence to determine the best investment approach based on their financial goals and risk tolerance.
