Miami DSCR Loans: the Highest Investor Share of Any U.S. Metro
Program and regulatory figures verified July 24, 2026. Details change; confirm your scenario with us.
Miami is bucking the national investor retreat: while purchases fell across most of the country in early 2026, Miami posted the highest investor share of any major metro. The financing, and the STR rules, reward buyers who read the fine print.
Can I get a DSCR loan in Miami?
Yes: we lend on 1–4 unit rental property across Miami-Dade, from the City of Miami and Miami Beach to Coral Gables, Doral, Homestead, and the rest. The qualification is the property's rent against its full payment (PITIA), documented by the appraiser's rent schedule or your lease, with no tax returns in the file. The ratio mechanics are in the Florida DSCR guide; this page is the Miami layer. Two-bedroom apartment rents run roughly $2,800–3,400 (2026 compilations), with single-family rents higher, and the payment line that decides the ratio here is insurance plus condo dues, not the tax bill.
What percentage of Miami homes are bought by investors?
In the first quarter of 2026, investors bought 33% of homes sold in Miami, the highest investor share of any major U.S. metro, and their purchases were up 10% year over year (Redfin, as of July 2026). That runs against the national tide, where investor purchases fell 6% to the lowest level since 2020. For a small investor the read cuts two ways: the demand is real and durable, and you are competing with well-capitalized buyers on acquisition day, so honest rent comps and a lender who prices Miami all week both matter.
Is Airbnb legal in Miami Beach?
Only in limited zones, and this is the marquee example of Florida's grandfather rule. Because Miami Beach's restrictive ordinance predates June 1, 2011, it survives the state preemption in §509.032(7)(b): short-term rentals under six months and one day are prohibited in single-family homes and most residential multifamily areas, and allowed mainly in a few higher-density and entertainment-district zones with approval and a business tax receipt. Miami Beach also levies among the steepest short-term-rental fines in the country, so an unpermitted listing is a genuinely expensive mistake (as of July 2026). Confirm the exact zone and the building's own rules before you buy.
Can I Airbnb a condo in the City of Miami?
It depends on the Miami 21 transect the property sits in. Low-density residential (T3) effectively prohibits short-term rental; the lodging-oriented transects (T4, T5, T6, and CI-HD) allow it with the full stack: a state DBPR license, a Miami-Dade Certificate of Use, and a City of Miami business tax receipt. The building's declaration and HOA rules control on top of the zoning, and in condo towers those private rules are usually the binding constraint. We verify the transect and the association's rules before underwriting any STR income. The financing side for attached homes is in condo and condotel loans.
No pressure, no obligation, and no salesy follow-up: a 20-minute call with our team, real numbers, and a straight answer on whether the deal pencils.
Frequently asked questions
What percentage of Miami homes are bought by investors?
33% in the first quarter of 2026, the highest investor share of any major U.S. metro, with purchases up 10% year over year (Redfin, as of July 2026). Nationally investor purchases fell 6% over the same period, so Miami is a clear outlier on the strong side.
Is Airbnb legal in Miami Beach?
Only in limited higher-density and entertainment-district zones with approval and a business tax receipt. Miami Beach's pre-2011 ordinance is grandfathered under state law, so short-term stays under six months are prohibited in single-family and most residential areas, backed by among the steepest short-term-rental fines in the country (as of July 2026).
Can I Airbnb a condo in the City of Miami?
It turns on the Miami 21 transect. T3 residential effectively bars it; the T4, T5, T6, and CI-HD lodging transects allow it with a DBPR license, a Miami-Dade Certificate of Use, and a city business tax receipt. The building's own declaration and HOA rules control on top, and usually decide the answer.
Can I get a DSCR loan in Miami?
Yes, county-wide, on 1–4 unit rental property. The property's rent-to-payment ratio qualifies the loan; 20–25% down and 620–660 credit floors are typical, and you can close in an LLC. Because insurance and condo dues sit inside the payment, we price the real PITIA for the specific address first.
Mike Certo · NMLS #260555 · Cornerstone First Mortgage NMLS #173855 · Equal Housing Lender. Educational content, not a loan commitment and not legal, tax, or insurance advice. City and county STR rules, tax figures, and insurance requirements change; verify current requirements with the city, your association, your CPA, or a Florida real estate attorney before you buy. Loans are subject to buyer and property qualification.