LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$2,988
Monthly Cash Flow
-$584
Principal + Equity
$462
Annual Total Gain
-$1,468
Cash on Cash
-4.66%
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 Suburbs to Raise a Family in Florida
#205out of 380 markets
Places with the Best Public Schools in Florida
#207out of 660 markets
Suburbs with the Best Public Schools in Florida
#129out of 380 markets
B
Public School
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Tamiami, FL.
In Tamiami, FL, Short Term Rental (STR) regulations are governed by Miami-Dade County. As of September 2021, the county has implemented regulations for short-term rentals in unincorporated areas, which includes Tamiami.
Investors looking to purchase a property for short-term rental in Tamiami should be aware of the following regulations:
1. Registration and Licensing: Property owners must register their short-term rental property with the county and obtain a license to operate as a short-term rental. Failure to do so can result in fines and penalties.
2. Zoning Restrictions: There are specific zoning regulations that dictate where short-term rentals are allowed in Tamiami. Investors should ensure that the property they are considering purchasing is located in a zone that permits short-term rentals.
3. Occupancy Limits: There are occupancy limits for short-term rental properties in Tamiami, which vary depending on the size of the property. Investors should be aware of these limits and ensure that they comply with them.
4. Noise and Nuisance Regulations: Property owners are responsible for ensuring that their short-term rental property does not create noise disturbances or other nuisances for neighbors. Violations of noise regulations can result in fines and penalties.
5. Taxation: Short-term rental properties in Tamiami are subject to transient rental taxes, which must be collected and remitted to the county. Investors should be aware of these tax obligations and ensure that they are in compliance with them.
Overall, investors looking to purchase a property for short-term rental in Tamiami should familiarize themselves with the regulations and requirements set forth by Miami-Dade County to ensure that they are in compliance and can operate their rental property successfully.
Market Trends Over Time
Explore 25 years of market data for Tamiami, 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 Tamiami, FL.
The LTR Genie Score of Tamiami, FL is 48 and STR Genie Score is 50, indicating a moderate level of attractiveness for both long-term and short-term rental investments. The LTR Rentability is moderate, suggesting that there is potential for steady rental income in the long term. However, the LTR Net ROI is negative, indicating that expenses may outweigh rental income. On the other hand, the STR Net ROI is also negative, but slightly higher than the LTR Net ROI. The 1-Year Price Appreciation Forecast is positive, which could be a good sign for potential property value growth. The STR Genie Score is slightly higher than the LTR Genie Score, suggesting that short-term rentals may be slightly more favorable in this market.
Tamiami, FL is a suburban neighborhood located in Miami-Dade County, known for its diverse community and proximity to major highways and shopping centers. Real estate investors should consider the demand for rental properties in this area, as well as the potential for property appreciation in the future.
Overall, based on the metrics provided, Tamiami, FL may be more attractive for short-term rental investments due to the slightly higher STR Genie Score. However, investors should carefully consider the negative net ROI for both long-term and short-term rentals before making a decision. Conducting further market research and analysis would be beneficial in determining the best investment strategy for this particular market.
LTR Genie Score 93
$145,000
🛏 5 Beds🛁 4.0000 Baths🏙 1,000 sqft.🏠 SINGLE FAMILY
