Opportunities for real estate investment in Florida are as abundant as the warm sunshine that showers the state. Finding the best places to buy a rental property in Florida depends on your unique desires. At mbanc, we provide a streamlined and easy process for getting approved for DSCR loans and interest-only jumbo mortgages. Over the years we have helped countless investors just like you succeed and live on their own terms.

Plus, using the investment rental data powered by STR Verifi, a tool that enables you to forecast the ROI from an investment with unprecedented accuracy, we have an unmatched track record helping clients close on properties and create generational wealth on passive income alone. Here are the best places to invest in real estate in Florida.

The Top Places for a Real Estate Investment in Florida in 2023

It can be difficult to determine the best places to buy a rental property in Florida. Ultimately, identifying the best real estate markets in Florida depends on your needs. Explore our guide to learn more:

Miami

Miami is a city unlike any other in the world. When you consider its world-renowned reputation, it makes sense that Miami is one of the best real estate markets in Florida. 

Miami offers advantages for both short-term and long-term renting for fixed cash flow. Miami has a booming housing market, and tourism is unending in this tropical paradise. The only thing better than the pristine beaches and balmy weather? 

The relaxed rental laws and thriving economy mean you can expect quality clientele. Using the short-term rental data powered by STR Verifi, it is clear why pursuing a real estate investment in Florida here can position you for financial success.  

This market boasts a grade of B, with particularly great scores in rental demand (70) and seasonality (77). These metrics indicate that you can expect renters year-round. After all, shouldn’t demand always be a focal point when buying an investment property? 

The report also shows you can expect an average occupancy rate of 68% (well above the national average of 48%). With a market average daily rate of $359, STR Verifi also reveals that you can expect a monthly revenue of $6,635 and an annual revenue of $80,000, conservatively.

Graphs also illustrate this market is experiencing 7.7% year-over-year growth in short-term rental revenue. By investing now, your bank account will grow exponentially, too. 

Orlando

Orlando Metro, on the other hand, is one of the best places to invest in Florida for more traditional real estate investors.

Several factors make Orlando a top location for real estate investment in Florida, especially when you consider that some of the country’s biggest entertainment attractions, theme parks, and universities reside in this area. 

But what do we mean by Orlando being one of the best places to invest in real estate in Florida for traditional investors? Simply put, it is easier to find low-budget to high-net-worth properties in this area, making it more affordable and easier to enter the market. 

Plus, due to the steady stream of tourists and the thriving job market (Orlando has experienced 11% job growth in the past three years), opportunities are abundant. Looking at the short-term rental data analysis fueled by STR Verifi, it is clear why.

The report from this tool reveals that Orlando enjoys a B+ market grade with a stellar seasonality rating (89) and a good rental demand rating (69). As we said before, this indicates demand, and it shows in the whopping 75% occupancy rate.

You can expect to earn $5,467 monthly from this property and $65,600 annually with a daily rate of $248. And, as we said, the economy is on the rise. Our tool shows that this market has experienced an 11.5% year-over-year growth in rental revenue since 2021.

Clearwater

For a short-term-rental-specific real estate investment in Florida, you cannot go wrong with Clearwater. 

Several factors make buying rental property here a valuable investment, including the rising home prices (over 31.9% this year alone), which means your investment will continue to appreciate exponentially over time.

Location is everything when buying an investment property, and that is part of what makes Clearwater such a great market. With miles of powder-white sand and crystal-clear water, this area sees approximately 5 million visitors annually. 

Clearwater is one of the best places to buy a rental property in Florida to use as an Airbnb. And trust us – the data backs this up. The short-term rental data powered by STR Verifi shows that this region boasts an A+ market grade. 

Which, as we’re sure you know, is as good as it gets. It has ratings in rental demand (76), seasonality (88), and regulation (65) that are as radiant as the incomparable Florida sun. So you can expect constant demand, which a 78% occupancy rate more than validates. 

In this market, you can expect an average daily rate of $309, an average monthly revenue of $6,441, and an average annual revenue of $77,300. Plus, graphs from this cutting-edge tool illustrate a soaring 26.85% year-over-year increase in short-term rental revenue.

This is just the beginning of your earnings. Coupled with the equity you will build as home prices continue to rise, this investment will keep on giving. 

Premier Lenders for a Real Estate Investment in Florida

Determining the best real estate markets in Florida for you to invest in depends on your needs and circumstances. Fortunately, when you work with the best mortgage lenders, you can rest assured that you have a financing solution tailored to your goals. Couple that with the short-term rental data powered by a cutting-edge tool like STR Verifi, and you have an advantage that enables you to soak in passive income like beachgoers soaking in the sun to create generational wealth easier than ever before. 

To learn more about our rental data analysis and to work with a lender who can find and finance the perfect real estate investment in Florida for you talk to our team today.