Many Investors are turning to Airbnb to make a return on their investment properties as oppose to standard annual or long term leases. These neighborhoods are ideal for short term rentals within or near the North Miami Beach area!
Biscayne Park
- This tree lined area is home to the most popular Airbnb in the whole state of Florida , a small cottage that has hosted about 400 guests since 2014!
- Most homes or even duplex’s which are plentiful in this neighborhood have attached cottages or efficiencies in the rear making it an easy turn key investment!
- Close enough to South Florida’s attractions (20 Minutes to South beach) but far enough for those who appreciate a laid back vibe.
Trailer City
- This area is a mobile home park subdivision within North Miami Beach hosting trailers, single family homes and Duplex/Triplex
- No lot fees unlike most mobile parks
- There is a few short term rentals in place and they are producing a great return.
- Currently a triplex on NE 20th Ln in the subdivision is producing an estimated fourteen percent cap rate!
- That triplex is also booked 200 days out of the year and achieving a net operating income of over $63,662.88
- Many new developments are happening right outside the mobile park such as a new boutique building “The Highlands” containing 60 luxury residences.
- Trailer city is very affordable for North Miami Beach with the median sale price being around $105,000.
- Located right off Biscayne Blvd.
Miami Shores
- Beautiful and heavily police patrolled village in Miami Dade south of Aventura and north of Downtown.
- Within easy access to great attractions, twenty minutes to Coconut Grove and South Beach.
- Many of the short term rentals in this Area are larger homes or estates. Making the homes a larger initial investment but also a larger return overall.
- Great area for any golf lover, home to the Miami Shores Country Club!
- Easy access to great dining options and local businesses on NE 2nd Ave!
- Undervalued real estate and consistently appreciating.
