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Florida cities where a median-priced rental best covers its mortgage, ranked by debt service coverage ratio (DSCR), the figure DSCR lenders qualify loans on.
Of 251 Florida markets with both rent and sale-price data, 0 clear a 1.25 DSCR on a median-priced home at a 7.25% rate with 25% down.
| # | Market | DSCR | Average rent | Median price | Cash flow |
|---|---|---|---|---|---|
| 1 | Coconut Creek, FL | 0.88 | $1,700/mo | $182,500 | -$107/mo |
| 2 | Melbourne, FL | 0.74 | $1,087/mo | $131,000 | -$175/mo |
| 3 | Greenacres, FL | 0.73 | $1,397/mo | $170,000 | -$237/mo |
| 4 | Davie, FL | 0.59 | $1,558/mo | $215,000 | -$453/mo |
| 5 | Sun City Center, FL | 0.56 | $1,779/mo | $251,250 | -$560/mo |
| 6 | West Pensacola, FL | 0.56 | $912/mo | $130,000 | -$295/mo |
| 7 | Iona, FL | 0.55 | $1,437/mo | $205,000 | -$468/mo |
| 8 | Palm Harbor, FL | 0.48 | $1,373/mo | $211,250 | -$561/mo |
| 9 | Dunedin, FL | 0.45 | $1,127/mo | $180,000 | -$509/mo |
| 10 | Tallahassee, FL | 0.42 | $1,022/mo | $170,000 | -$507/mo |
| 11 | Homestead, FL | 0.39 | $1,303/mo | $222,500 | -$697/mo |
| 12 | Kendall, FL | 0.38 | $1,543/mo | $265,000 | -$836/mo |
| 13 | Palm Coast, FL | 0.34 | $1,374/mo | $254,950 | -$867/mo |
| 14 | Pine Ridge, FL | 0.33 | $1,615/mo | $297,000 | -$1,019/mo |
| 15 | Aventura, FL | 0.32 | $1,911/mo | $355,000 | -$1,235/mo |
| 16 | Poinciana, FL | 0.32 | $1,305/mo | $278,990 | -$977/mo |
| 17 | Pompano Beach, FL | 0.29 | $1,314/mo | $255,000 | -$930/mo |
| 18 | The Villages, FL | 0.28 | $1,624/mo | $368,500 | -$1,364/mo |
| 19 | Ives Estates, FL | 0.27 | $1,477/mo | $292,500 | -$1,089/mo |
| 20 | Holiday, FL | 0.26 | $1,050/mo | $213,000 | -$811/mo |
| 21 | Bardmoor, FL | 0.24 | $1,505/mo | $310,000 | -$1,198/mo |
| 22 | Davenport, FL | 0.24 | $1,435/mo | $300,000 | -$1,172/mo |
| 23 | West Palm Beach, FL | 0.24 | $1,381/mo | $285,000 | -$1,104/mo |
| 24 | Beverly Hills, FL | 0.23 | $877/mo | $186,450 | -$737/mo |
| 25 | Orange City, FL | 0.22 | $1,166/mo | $249,500 | -$994/mo |
Every input and default is documented in the methodology. 251 markets were considered.