$575,000
Avg. Purchase Price
$225
Avg. Nightly Rate
70%
Avg. Occupancy
beach
Market Type
Miami's year-round warm weather, beaches, and nightlife make it a top STR market. International tourism and events like Art Basel drive strong demand.
Property Details
$
Total property acquisition cost
%
%
years
$
Average rate per night
%
Expected annual occupancy
$
Per turnover
nights
%
Airbnb/VRBO service fee (typically 3%)
$
Annual
$
Annual
$
Monthly average
$
Monthly
%
% of revenue
%
% of revenue (0 if self-managing)
Monthly Cash Flow
$451
$5,411 / year after all expenses
Viable Deal
Break-even at 63% occupancy
Cash-on-Cash
3.4%↓
Return on your cash invested
Cap Rate
6.9%↑
NOI / Purchase price
Break-Even
63%–
Minimum occupancy needed
Turnovers/Year
86
255 nights occupied
Financial Summary
Annual Gross Revenue$71,678
Annual Expenses
Platform Fees$2,150
Property Tax$6,613
Insurance$2,300
Utilities$3,000
Maintenance Reserve$3,584
Cleaning Costs$14,190
Total Expenses$31,837
Net Operating Income$39,840
Annual Mortgage-$34,429
Annual Cash Flow$5,411
Your Investment
Down Payment$143,750
Est. Closing Costs (3%)$17,250
Total Cash Needed$161,000
Loan Amount$431,250
Monthly Mortgage (P&I)$2,869
Miami STR Market Highlights
- 1Year-round beach destination with international appeal
- 2Art Basel, Miami Music Week, and F1 drive premium events
- 3Strong Latin American tourism market
- 4Cruise port proximity adds short-stay demand
Seasonality in Miami
High season December-April. Summer is slower but still profitable due to domestic tourism.
Miami STR Regulations
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Frequently Asked Questions
Market averages are estimates for educational purposes only. See full disclaimer