Miami, FL — Rental Investment Analysis
🔴WEAK— appreciation play onlyCap Rate
3.9%
Below average
Monthly Cash Flow
-$1,206
After all expenses
Price-to-Rent
14.7
Investor-friendly
DSCR
0.61
Fails
📊 Key Metrics
- Median Home Price
- $588,740
- Average Rent (3BR)
- $3,220/mo
- Price-to-Rent Ratio
- 14.7(good)
- 1% Rule
- 0.57%(fails — need 1%+)
- Cash-on-Cash Return
- -10.9%
- Vacancy Rate
- 8.0%
📈 Market Strength
- Unemployment Rate
- 4.8%(+0.5% vs national)
- Rent Growth (YoY)
- +2.9%(national avg)
- Population Growth
- +5.6% YoY
Assumptions Used
20% down, 7.000000000000001% rate, 30yr, 8% vacancy, 10% maintenance
Customize these numbers →Property Tax Rate
0.86%
of assessed value (FL avg)
Median Income
$63,062
household (FL avg)
Rent-to-Income
61.3%
Stretched
Section 8 Max Rent
$3,220/mo
3BR voucher payment
🏛️ FL Investor Climate
Landlord Friendly
8/10
State Income Tax
✅ None
Property Tax
0.86% effective
Population Trend
+5.6% (3yr)
📈 Population Movement (Tax Year 2021→2022)
Net Migration
-8,384 households
SHRINKING
Total Inflow
1,151,413
households moved in
Avg Income (New Residents)
$100,270
per household
Where they're coming from:
1.Miami-Dade Non-migrants, FL1,119,068 households · avg $98,065
2.Broward, FL10,323 households · avg $63,988
3.New York, NY1,873 households · avg $856,941
4.Los Angeles, CA1,166 households · avg $176,591
5.Kings, NY1,107 households · avg $153,437
Where residents are leaving to:
1.Miami-Dade Non-migrants, FL1,119,068 households
2.Broward, FL17,387 households
3.Lee, FL2,187 households
4.Orange, FL2,037 households
5.Hillsborough, FL1,550 households
💡 Net outflow may indicate weakening demand — but can mean lower prices and higher cap rates.
🏘️ Best Zip Codes in Miami for Investors
All Zip Codes in Miami
| Zip | Cap Rate | Cash Flow | Home Price | Rent (3BR) | DSCR |
|---|---|---|---|---|---|
| 33126 | 8.4% | +$500 | $301,783 | $3,090/mo | 1.31 |
| 33132 | 6.8% | +$161 | $529,723 | $4,550/mo | 1.06 |
| 33183 | 6.3% | -$23 | $395,277 | $3,220/mo | 0.99 |
| 33131 | 5.9% | -$237 | $588,740 | $4,550/mo | 0.92 |
| 33194 | 5.7% | -$314 | $570,993 | $4,310/mo | 0.90 |
| 33136 | 5.5% | -$254 | $324,841 | $2,360/mo | 0.85 |
| 33193 | 5.1% | -$461 | $444,388 | $3,090/mo | 0.81 |
| 33185 | 4.9% | -$815 | $674,531 | $4,550/mo | 0.77 |
| 33129 | 4.6% | -$1,043 | $687,646 | $4,380/mo | 0.72 |
| 33173 | 4.5% | -$877 | $569,427 | $3,610/mo | 0.71 |
| 33177 | 4.5% | -$890 | $573,700 | $3,630/mo | 0.71 |
| 33187 | 4.3% | -$1,247 | $717,926 | $4,380/mo | 0.67 |
| 33137 | 4.2% | -$1,206 | $660,793 | $3,960/mo | 0.66 |
| 33125 | 4.1% | -$884 | $459,772 | $2,700/mo | 0.64 |
| 33130 | 3.9% | -$1,057 | $507,206 | $2,880/mo | 0.61 |
| 33128 | 3.4% | -$1,101 | $440,768 | $2,280/mo | 0.53 |
| 33155 | 3.2% | -$1,870 | $713,043 | $3,580/mo | 0.51 |
| 33176 | 3.1% | -$1,706 | $629,114 | $3,090/mo | 0.49 |
| 33144 | 3.1% | -$1,698 | $619,471 | $3,020/mo | 0.48 |
| 33135 | 3.0% | -$1,459 | $524,385 | $2,530/mo | 0.48 |
| 33170 | 2.9% | -$1,642 | $572,191 | $2,700/mo | 0.46 |
| 33145 | 2.7% | -$2,208 | $725,512 | $3,270/mo | 0.43 |
| 33127 | 2.7% | -$1,611 | $521,336 | $2,320/mo | 0.42 |
| 33157 | 2.4% | -$2,071 | $628,559 | $2,640/mo | 0.38 |
| 33143 | 1.8% | -$3,679 | $951,075 | $3,330/mo | 0.27 |
| 33138 | 1.4% | -$3,269 | $789,231 | $2,500/mo | 0.22 |
| 33122 | 1.3% | -$6,415 | $1,505,538 | $4,550/mo | 0.20 |
| 33031 | 1.1% | -$3,994 | $907,840 | $2,590/mo | 0.17 |
| 33133 | 0.8% | -$6,101 | $1,302,043 | $3,260/mo | 0.12 |