Dara Property
Buy a rental in Miami, from your phone
Miami is the US market foreign capital already knows. A majority-renter city, a hemispheric trade hub, and no state income tax draw rental investors from every time zone. Dara is built to set up the entity and bank account, line up partner-lender financing, and run the remote closing, so you can own here without landing here.
Texas is Dara's launch market. Florida opens as Dara expands to landlord-friendly states.
- No SSN needed for the loan
- Qualify on the home's rent
- Up to 70% financing, terms vary
- Typically closed remotely
A gateway priced like one
Foreign ownership is not a novelty in Miami; it is the market's operating assumption. Property managers, closing attorneys, and lenders here work with absent owners as a matter of routine. The renter pool is deep, most households in the city proper rent. Population and jobs keep arriving, from other states and from abroad. Florida adds no state income tax on top. Expect to pay more per door than in inland Sun Belt metros, and less than in the priciest coastal gateways. What you are buying is liquidity: an asset a global pool of buyers already understands.
More than a beach economy
Tourism is Miami's visible economy. The rental demand comes from everything underneath it. PortMiami and the international airport anchor a year-round trade and logistics workforce. Brickell concentrates international banking and wealth management into one district. Jackson Memorial and the University of Miami health system staff a major medical cluster. Florida International University, among the largest universities in the country by enrollment, feeds a steady stream of students, staff, and graduates into the rental market. These are salaried tenants on annual leases, not seasonal visitors. That is the demand a long-term rental underwrites against.
The building qualifies, not you
You do not need a US financial identity to buy here. Partner lenders qualify the purchase on the property's projected rent (the DSCR method), not on your income or credit history. No SSN. No US credit file. No citizenship or residency requirement to own US real estate. Dara is built to stand up the LLC, the EIN, and the US bank account the property runs through. Appraisal, inspection, title, and insurance all run digitally, and the closing runs remotely, with online notarization where the state authorizes it. Your money crosses at the mid-market rate with no wire fees. Miami is one flight away, and you never have to take it.
Underwrite the wind
Miami's risks are priced, not hidden. Hurricanes are a fact of this market, so windstorm and flood coverage are separate policies and real carrying costs. Premiums have risen across coastal Florida, and lenders require proof of coverage before funding. Condos dominate the urban core, and Florida now requires older buildings to pass structural inspections and fund their reserves, association fees often rise to match. That is a cost, and also a filter: buildings that comply are easier to underwrite. Run every Miami deal with insurance and association fees in the math from the start. The properties that still cash flow after that are the ones worth owning.
Run the numbers
Estimate the return on a Miami rental
Operating costs come pre-filled for Miami. Adjust the price, rent, and down payment to match a specific home and see cash flow, cap rate, and cash-on-cash return.
Share of the purchase price paid upfront. 100% is an all-cash purchase.
Operating costs seeded from illustrative Miami assumptions: property tax 0.9% of price, insurance $3,600/yr, management 10% of income, maintenance 5% of rent, vacancy 5%. Financed scenarios model an 8.5% fixed rate over 30 years. Cash-on-cash includes 3% modeled closing costs. Illustrative; confirmed per property at qualification.
Monthly cash flow
After operating expenses
Cap rate
Cash-on-cash
Net operating income / yr
Why Dara
The same purchase, three ways.
| Dara | Traditional US bank | All cash | |
|---|---|---|---|
| US credit history | Not needed for the loan | Required | Not needed |
| SSN | Not needed for the loan | Usually required | Not needed |
| Financing | Up to 70% via partner lenders, terms vary | Case-by-case for foreign buyers | None, 100% your capital |
| Closing | Remote and digital, start to finish | In-person steps, slow paperwork | Remote, but you run it |
| Moving money | Mid-market rate in your wallet | Wire fees + FX markups | Wire fees + FX markups |
| Management | Dara manages by default, or your own manager | You find one | You find one |
Buyer stories
What buying from abroad looks like.
Illustrative scenario
Years of savings, no green card, and a US mortgage that still looked impossible. Dara maps the whole purchase before the first call.
Illustrative scenario
The LLC, the EIN, the bank account: the boring parts done in days. The buyer picks the house; Dara runs the rest.
Illustrative scenario
Rent lands in the wallet next to the money going home. One app, both directions.
Illustrative scenarios, not customer reviews. Real buyer stories land here at launch.
Miami property FAQ
How do hurricanes change the math on a Miami rental?
They add insurance, not mystery. Windstorm and flood coverage are separate policies in coastal Florida, and both belong in your underwriting from day one. A deal that only works without them is not a deal.
Should a remote owner buy a Miami condo or a single-family house?
Condos dominate the urban core and often come with association management, which suits ownership from abroad. Weigh the association fees and Florida's inspection and reserve rules for older buildings against that convenience. Single-family homes skip the association but carry the full insurance and maintenance load directly.
Is Miami rental demand seasonal?
Long-term demand is year-round. The port, the airport, Brickell's banking cluster, the hospitals, and two large universities employ salaried tenants on annual leases. Seasonal swings mostly affect short-term rentals, which are a different strategy with different rules.
Can I finance a Miami property without US credit history?
Yes. Partner lenders qualify you on the property's projected rent (the DSCR method), not on your US income, credit, or SSN. Dara is built to stand up the LLC, EIN, and US bank account, and the closing runs remotely.
Ready to buy a rental in Miami?
See what you qualify for in about two minutes. No credit pull.