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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Antonio Aguirre

Meet Antonio Aguirre

Broker Associate | Realtor® based in Miami, FL

With over 20 years of real estate experience, Antonio Aguirre is a trusted expert helping buyers, sellers, and investors—both local and international—make smart, strategic decisions in one of the most competitive markets in the U.S.

Antonio’s career began by opening offices, recruiting, training, and mentoring agents across the U.S. and Latin America. His leadership and consistent results have earned him multiple industry recognitions, and his global perspective allows him to understand and meet the diverse needs of his clients.

Today, Antonio leads a multidisciplinary team committed to delivering comprehensive, transparent, and personalized service. Whether you’re investing in pre-construction, exploring private equity opportunities, or looking for existing properties, Antonio has the knowledge, network, and resources to help you secure the best possible deal.

A true Miamian at heart, Antonio is passionate about watersports and gastronomy—qualities that reflect his energetic, detailed, and client-centered approach to real estate.

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