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Market MapFloridaMiami-Dade

Miami-Dade County

FloridaPopulation: 2,688,237
44
/100
Avoid
#902 of 1,000 counties
#53 in Florida (67 counties)

Market Snapshot

$513,948
Median Home Price
88% above national median
$2,798/mo
Median Rent
87% above national median
6.53%
Rent-to-Price Ratio
Top 34% nationally
-$876
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

Trend based on YoY growth rate. Source: Zillow ZHVI/ZORI

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$513,948
Down Payment (20%)$102,790
Loan Amount$411,158
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$2,798
Monthly P&I-$2,694
Est. Expenses (35%)-$979
Net Cash Flow-$876/mo
4.3%
Cap Rate (all cash)
-8.9%
Cash-on-Cash Return
6.53%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 4.3% cap rate. All-cash buyers may see better returns.

* Based on county median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Actual results vary by property.

Run Full AnalysisTry House Hack Strategy

Score Breakdown

Overall Investment Score
44/100
44
Cash Flow(30%)
65/100

Based on 6.53% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
31/100

Based on -3.7% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Population data not available.

Affordability(20%)
20/100

Price-to-income ratio of 8.0x. Lower ratios indicate more affordable markets.

Scores are calculated using real Zillow home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. Markets with missing rent data use estimated values based on regional averages.

Investment Outlook

Strengths

  • +Complete rent data available

Challenges

  • -Declining home values (-3.7% YoY)
  • -Negative cash flow at typical financing (-$876/mo)
  • -Negative leverage (cap rate 4.3% < mortgage rate 6.9%)
  • -High price-to-income ratio makes financing challenging

Economic Indicators

Population
2,688,237
Median Income
$64,215
vs $62,400 national est.
Unemployment Rate
—
Data pending
Price-to-Income
8.0x
Less affordable

Compare to Nearby Counties

CountyVerdict
LeeFL
45$339,141$1,8566.57%HoldView
NassauFL
45$473,918$2,0665.23%HoldView
CurrentMiami-DadeFL
44$513,948$2,7986.53%Avoid
PinellasFL
44$361,621$2,0326.74%AvoidView
SarasotaFL
44$393,399$2,1686.61%AvoidView
MartinFL
44$435,316$2,3306.42%AvoidView

The Bottom Line

AvoidMiami-Dade may be challenging for traditional rentals. High prices or low rents make cash flow difficult.

Miami-Dade County in Florida scores 44/100, ranking #902 of 1,000 US counties (top 90%). The 6.53% rent-to-price ratio indicates moderate cash flow potential. Current market conditions make traditional buy-and-hold investing challenging. Consider house hacking, value-add strategies, or all-cash purchases.

Monthly Cash Flow
$-876/mo
Cap Rate
4.3%
Cash-on-Cash
-8.9%

Ready to Analyze a Deal in Miami-Dade?

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