What’s the expected rental income from a property in Miami?

📊 Average Rental Income in Miami (2025 Estimates)

🏢 1. Long-Term Rentals (12-month leases)

Typical for unfurnished condos or homes rented to professionals or families.

Property Type	Monthly Rent (Avg.)	Gross Annual Income
1-bedroom condo (Brickell/Edgewater)	$2,800 – $3,500	$33,600 – $42,000
2-bedroom condo (Downtown/Doral)	$3,500 – $4,800	$42,000 – $57,600
Single-family home (Coral Gables)	$5,000 – $7,500+	$60,000 – $90,000+

🔎 Gross yield (before expenses): ~4%–6% per year

🏖️ 2. Short-Term Rentals (Airbnb/Vacation Homes)

Best in areas where short-term rentals are legally allowed (e.g., Miami Beach, Downtown, certain parts of Brickell or Edgewater).

Property Type	Avg. Nightly Rate	Occupancy Rate	Est. Monthly Income
1-bedroom condo	$180 – $250	70% – 80%	$3,500 – $5,000+
2-bedroom unit	$250 – $400	65% – 75%	$5,000 – $8,500+

🔎 Gross yield (before expenses): ~6%–10%+ annually

💼 Key Factors Affecting Rental Income

Location: Brickell, Downtown, Doral, and Midtown have high rental demand.
Rental Strategy: Short-term offers higher gross income but involves more costs and regulation.
Condo Rules: Some buildings prohibit short-term rentals.
Furnishing: Furnished units rent for more and faster.
Property Management: Expect to pay ~10% for long-term management, ~20–25% for Airbnb-type services.

💡 Example: 1-Bedroom Condo in Brickell

Purchase Price: $500,000
Monthly rent (long-term): $3,200
Annual gross income: $38,400
Expenses (taxes, HOA, insurance, mgmt): ~$13,000
Net income: ~$25,400 → 5.1% ROI (cash purchase)

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