Enter an MLS number above
The simulator will fetch real listing data and calculate
both STR and Long-Term rental breakeven scenarios.
How the simulator works
Type the MLS number of any Miami condo or house for sale (Miami Realtors MLS, read live through Bridge Data Output). The simulator pulls the asking price, the HOA fee and the annual property tax from the listing, then runs two scenarios side by side on the same purchase.
Short-term rental (Airbnb, nightly)
Gross revenue is average daily rate times occupancy. Defaults come from AirDNA for the area and start at 72% occupancy; change both if you know the building. Operating costs (cleaning, platform fees, management, utilities) are taken as a share of revenue, 30% by default, before HOA, tax and insurance. Florida and Miami-Dade add roughly 13% in sales and tourist tax (14% in Miami Beach) on every night, paid by the guest on top of the rate: it is not your income.
Long-term rental (12-month lease)
Monthly rent less 8% vacancy and a 1% per year maintenance reserve, then the same HOA, tax and insurance lines.
Financing and exit
Both scenarios use a down payment (30% by default), an interest rate and a balloon of 5 to 15 years, the shape of most seller-financed and portfolio loans on Miami condos. Every slider moves the breakeven, the monthly cash flow and the cap rate at once, so you can see which assumption the deal actually depends on.
Before relying on a short-term number, check that the building allows nightly rentals: most Miami condos do not. See which Brickell buildings allow daily rentals, how we analyze a property and the STR tax strategy guide.