$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
$
Financing
%
%
years
Expected Income
$
%
nights
%
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Operating Expenses
$
$
$
$
$
%
%
Monthly Cash Flow
$451
Annual Cash Flow
$5,411
Cash-on-Cash Return
3.4%
Cap Rate
6.9%
Break-Even Occupancy
63%
Viable deal
Main cushion: break-even is 7 pts below modeled occupancy.
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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.
Analyze for VRBO Instead
Model this property with VRBO's 5% commission plus processing assumption.
Miami STR Regulations
Miami Beach has strict regulations limiting STRs in many areas. Miami proper is more STR-friendly but check specific zones.
View Full RegulationsNearby Markets
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Frequently Asked Questions
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