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Sarp Ka
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Property taxes too high - is cashflow possible for SFH rentals?

Sarp Ka
Posted Oct 30 2021, 12:41

I've been checking Miami, Fort Lauderdale area. I've realized the tax millage for properties are 19 to 22. Which means for properties that are worth $500k you'd be paying $10k property tax!

I find this way too high. I tried to look for rentals around the area and it seems like they are not that high to make up for the taxes.

My question is which areas (and zip codes) i should look for cashflow positive? Also what price point do properties make cashflow positive? It seems like the lower the property value is, the more likely it would make cashflow positive?

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