Miami, FL variant. This is a Miami, FL-specific version of the Rental Yield Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Rental Yield Calculator.
Miami's gross rental yield - annual rent ÷ property price - is about 6.0%, based on $3,050/month rent on a $605,000 median home.
Rental yield in Miami
Gross yield = ($3,050 × 12) ÷ $605,000 = 6.0%. Net yield subtracts property tax (0.97%), insurance, vacancy, and maintenance.
High-price metros tend to show lower yields (price outruns rent); affordable metros often yield more. Miami's yield is attractive for cash-flow investors.
About Miami, FL
Miami is in Florida, which has no state personal income tax, a key attraction for residents and businesses.
Miami's housing market is among the most expensive in the South, driven by strong demand and international buyers.
Miami is an international finance, trade, and tourism hub, with a cost of living well above the national average.
Worked example: Miami yield
Annual rent $36,600 ÷ price $605,000 = 6.0% gross. After 0.97% property tax and ~1% maintenance, net yield is meaningfully lower.
Quick reference
- Median home value: $605,000
- Median rent: $3,050/mo
- Median household income: $54,675
- Local sales tax: 7%
- Effective property tax rate: 0.97%
- Cost of living index: 124 (US avg = 100)
Frequently Asked Questions
What is a good rental yield?
Many investors target 6-8% gross; Miami runs about 6.0%.
How is rental yield calculated?
Gross yield = annual rent ÷ purchase price. Net yield also subtracts taxes, insurance, vacancy, and upkeep.