Short-Term or Long-Term Rental in Miami: What the Numbers Show
Verdict: Short-term rental wins on gross revenue by a wide margin, but high operating costs significantly reduce the advantage at the net level.
Best For: Appreciation-focused investors comfortable with lower current yields in a premium coastal market. Short-term rental operators who can maintain above-average occupancy.
Scores out of 10 across yield, regulations, tax, risk, and market fundamentals. How we score
Underlying Assumptions (data as of April 2026):
- Property Price: 3-bedroom houses estimated at around $696,814
- Monthly Long-Term Rent: Approximately $2,930
- Short-Term Rental Nightly Rate: Around $343 per night (varies seasonally)
- Assumed Short-Term Rental Occupancy: 53% average across the region (varies significantly between specific locations)
- Available Short-Term Rental Nights: 330 per year (assumes 35 days for cleaning, changeovers, and maintenance)
- Regulations: Permissive. Florida state law preempts local short-term rental bans. State vacation rental license required (approximately $100). Tourist development tax applies on top of state sales tax.
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Estimates for a typical 3-bedroom house. Figures are modelled from market data; not guaranteed outcomes.
Data reflects market conditions as of April 2026. For a more detailed look at how other Florida markets compare, or to explore our data sources and market score methodology, see the linked pages.
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This information is for educational purposes only and should not be considered financial or legal advice. Regulations and market conditions change frequently. Verify current rules with local authorities before making investment decisions.
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