Top LocationsWhere Do You Find the Best Miami Residential Income Properties for Sale? by Hamza Abdul-Samad December 15, 2017February 10, 2019 by Hamza Abdul-Samad December 15, 2017February 10, 2019Many real estate markets have had significant success in 2017, and Miami’s market was one of them. The Magic City’s rental market success is expected to pour over into the following year. Therefore, real estate investors would be wise to consider finding Miami residential income properties for sale for lucrative real estate profits.Related: What’s the Deal with the Miami Real Estate Market 2017?Miami Real Estate Investing – The Numbers Here’s how Miami is performing, according to Mashvisor’s real estate market analysis data:Median Property Price: $396,001Traditional Rental Income: $2,648Traditional Cash on Cash Return: 3.88%Traditional Cap Rate: 3.88%Airbnb Rental Income: $2,648Airbnb Cash on Cash Return: 4.1%Airbnb Cap Rate: 4.1%One of Miami’s unique real estate investing features is shown in the data. The city is an excellent investment choice for traditional and Airbnb rental properties. You can’t go wrong with either rental strategy!While Miami residential income properties for sale are suitable for both Airbnb and traditional rental strategies, some areas of the city favor one strategy over the other. Let’s take a look at different Miami real estate neighborhoods and their optimal rental strategy.Best Areas for Miami Residential Income Properties for Sale – Airbnb RentalsMiami is a beacon of entertainment, tourism, and culture. It should therefore come as no surprise that Airbnb rentals are common among tourists visiting the city. Miami is a bucket-list city for Americans and foreigners, as it is the only US city to have 45% of visitors come from abroad.Although Airbnb investment properties have served well for both guests and real estate investors, there are certain requirements Airbnb hosts need to abide by. The Miami-Dade County charges a 6% tourist tax on Airbnb investors. Other requirements, like licensing, are also necessary. No matter the requirement, however, Airbnb investing in Miami pays off greatly in the end.Here are the best areas for Airbnb Miami residential income properties for sale:Coral WayMedian Property Price: $480,000Airbnb Rental Income: $3,065Airbnb Cash on Cash Return: 3.43%Airbnb Cap Rate: 3.43%Airbnb Occupancy Rate: 51%Coral Way’s average Airbnb rental income is the highest in Miami, which also happens to be very high compared to the average US neighborhood. Real estate investors could generate more than this average rental income, especially if they manage to have higher than the average Airbnb occupancy rates of 51%.ShenandoahMedian Property Price: $625,000Airbnb Rental Income: $2,875Airbnb Cash on Cash Return: 3.39%Airbnb Cap Rate: 3.39%Airbnb Occupancy Rate: 50%Shenandoah is another top location for Miami real estate investments. Its rental income is relatively lower than Coral Way’s, but its cap rate, cash on cash return, and occupancy rate are similar.Best Areas for Miami Residential Income Properties for Sale – Traditional RentalsWhile Miami real estate has thrived with Airbnb, its true calling card seems to be traditional real estate investing. Miami is one of the busiest cities in America, and one of the more business-friendly ones too. Miami’s economy is growing, as are its investment property prices. The time to buy in Miami is now, especially before prices rise. Here are the best areas for traditional Miami residential income properties for sale:Douglas ParkMedian Property Price: $334,000Traditional Rental Income: $3,110Traditional Cash on Cash Return: 4.08%Traditional Cap Rate: 4.08%The thought of earning more than $3,000 in monthly rental income makes some real estate investors salivate. Luckily for investors, Douglas Park isn’t the only neighborhood with such traditional rental income. All of these top places for traditional Miami real estate investing generate around $3,000 in rental income.Upper EastsideMedian Property Price: $440,500Traditional Rental Income: $3,401Traditional Cash on Cash Return: 3.04%Traditional Cap Rate: 3.04%Upper Eastside follows the trend of the best Miami neighborhoods for traditional real estate investing: it has a rental income of over $3,000, and it has high ROI in terms of cash on cash return and cap rate. The projected cap rate and CoC return are the same because Mashvisor’s real estate market analysis assumes properties are paid for fully in cash. When an investment property is paid for with a mortgage, as is normally the case, the cash on cash return of a property is typically higher.Wynwood-EdgewaterMedian Property Price: $538,450Traditional Rental Income: $2,968Traditional Cash on Cash Return: 1.98%Traditional Cap Rate: 1.98%This neighborhood’s median property price scales towards the more expensive side of things. Still, finding Miami residential income properties for sale on great deals in Wynwood-Edgewater would ensure a profitable and safe real estate investment.Biscayne IslandMedian Property Price: $799,000Traditional Rental Income: $5,679Traditional Cash on Cash Return: 4.16%Traditional Cap Rate: 4.16%Biscayne Island has the highest median purchase price on this list, but for good reason. It also has the highest projected rental income on the list of over $5.5k.Best Areas for Miami Residential Income Properties for Sale – Traditional Rentals and Airbnb RentalsMiami is an excellent city for traditional and Airbnb rental strategies, as mentioned earlier. In these areas, Miami residential income properties for sale could be used as either rental strategy and be just as profitable.BrickellMedian Property Price: $534,900Traditional Rental Income: $2,978Traditional Cash on Cash Return: 1.84%Traditional Cap Rate: 1.84%Airbnb Rental Income: $2,918Airbnb Cash on Cash Return: 2.06%Airbnb Cap Rate: 2.06%Airbnb Occupancy Rate: 53%Brickell is as close as it gets with Airbnb and traditional real estate investments in Miami. It could be tough to choose which rental strategy to opt for, especially since both are virtually equally as good.Related: How to Pick the Best Investment Strategy for YouDowntown MiamiMedian Property Price: $343,000Traditional Rental Income: $2,601Traditional Cash on Cash Return: 3.11%Traditional Cap Rate: 3.11%Airbnb Rental Income: $2,476Airbnb Cash on Cash Return: 2.5%Airbnb Cap Rate: 2.5%Airbnb Occupancy Rate: 48%Downtown Miami has a very attractive feature to real estate investors: low investment property prices. Its rental income and ROI are also of high quantity and quality. As great as Downtown Miami is for real estate investment properties, one area seems to one-up it.North BayfrontMedian Property Price: $273,500Traditional Rental Income: $3,040Traditional Cash on Cash Return: 7.4%Traditional Cap Rate: 7.4%Airbnb Rental Income: $2,577Airbnb Cash on Cash Return: 5.77%Airbnb Cap Rate: 5.77%Airbnb Occupancy Rate: 49%North Bayfront may be the best neighborhod on this list. It has the lowest median property price in Miami, and is still below the national average. Its rental income for Airbnb and traditional investments is high, and it has the highest ROI of any of the neighborhoods in Miami. If a real estate investor finds a great deal in North Bayfront, he/she has likely struck gold.Miami residential income properties for sale are among the best in the State of Florida and in the US as a whole. To find Miami residential income properties for sale in no time, start an investment property analysis and search with Mashvisor!Related: Is This the Best Time to Buy Property in Florida for Real Estate Investing? Start Your Investment Property Search! START FREE TRIAL AirbnbCap RateCash on Cash ReturnMiami FLRental IncomeTraditional 0FacebookTwitterGoogle +PinterestLinkedin Hamza Abdul-SamadHamza is a long-time writer at Mashvisor. With a focus on real estate investing tips, concepts, and top investing locations, he aims to help all aspiring investors who come across his blogs to hit the bank with their investment property. Previous Post The 8 Hard Truths About Real Estate Investing Next Post Buying an Investment Property: Where Do You Fine the Money to Do That? Related Posts California Real Estate Investing 2018: Rental Properties in the East Bay Best Places to Invest in Real Estate: Understand and Follow Retirees California Housing Market 2018 Forecast – What’s the Deal? 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