Home prices in Miami have stayed strong, especially in the luxury and waterfront markets. Buyers, both local and international, are still flocking to the city, which keeps prices ticking up in some of the most desirable areas.

When it comes to finding a place to call home, one of the biggest decisions you’ll face is whether to buy or rent. Each option has its own set of advantages, and the right choice depends on your personal situation, goals, and lifestyle. Let’s take a closer look at both sides—without leaning toward one or the other—to help you make the best decision for your needs.

One of the key metrics real estate investors use to evaluate the profitability of an investment is Cash on Cash Return (CoC%). It helps you understand the annual return on the actual cash you’ve invested in a property, giving you a clearer picture of its cash flow potential.

Internal Rate of Return (IRR) is a key metric that helps real estate investors assess the overall profitability of a property over time. Unlike other metrics that focus on short-term returns (like cash flow or cap rate), IRR takes into account the time value of money and future sale proceeds, giving you a more comprehensive view of an investment’s potential.