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As a residential and multifamily Orlando property management company, we deal with rentals all day, every day. So, it is safe to say you’re in the right place for determining your target area in the Orlando market for purchasing a rental property that yields your investment strategy.
Is Orlando The Best Place For Buying Rental Property?
Orlando is the best place to buy a rental property. There certainly is something special about the Orlando rental market. The underlying reasons Orlando, Florida, continues to be considered the best rental market in the nation are as follows:
– Low real estate prices compared to similar markets
– Population growth
– Job growth
– Quality renter population
– Quality of Life
– High rental rates
– Low property taxes
Investing in both single-family and multifamily rental properties are looking bright in the Orlando area. Rental properties are being positively affected by those factors. Now that we have discussed the Orlando Macro rental property drivers, let’s break it down into specific areas that will contribute to investors looking for up-and-coming high appreciation and investors looking for cash flow in Orlando.
Top Five Orlando, Florida Areas for Purchasing Rental Properties – Appreciation.
1. Lake Nona
Lake Nona is an excellent location for buying a rental property that will appreciate as the Lake Nona area continues to grow. Single-family homes & townhomes master planned around a beautiful lake, make for a rental that will continue to increase in value. Known now as one of Orlando’s fastest-growing areas, high-quality tenants are flocking to the Lake Nona area.
Lake Nona is a planned development headed by Tavistock Development Company. It is considered the fastest-growing community in Orlando; Lake Nona is the fastest-growing in the country.
Single-family rental home investments are more expensive than surrounding Orlando areas. In turn, rental homes lease for much more per month.
The Medical City provides a foundation for Lake Nona. Currently, Lake Nona is home to two ecosystems – Health Care & Human Performance. Institutions represent Lake Nona, such as the University of Central Florida College of Medical Education, UCF Cancer Center, Lake Nona Medical Center, University of Florida Research & Academic Center, and College of Pharmacy, Nemours Children’s Hospital & GuideWell Innovation Center.
According to Realtor.com, Lake Nona rental properties and home sales data shows for single-family homes, condos, and townhomes, the median list price in Lake Nona is $474.9K with a median list price per square foot at $195. The median sales price is $400K
2. Winter Park
Winter Park, Florida, is potentially the best Orlando city to buy a rental property. When people talk about Orlando, the most established and well-known city is always Winter Park—wrapped around the beautifully designed Rollins College, the area ripe with beauty.
The daily life of Winter Park Farmers’ Market, World-Class Dining, and Shopping at Park Avenue, the options of activities are endless, which drives new residents flocking to the area.
Work-life and continued job growth are driving Winter Park for future growth and looking lively. According to BestPlaces, Winter Park’s future job growth is 47.7%, which is 14.2% higher than the US average of 33.5%.
According to a property management company in Winter Park, rental homes lease quickly, many times in under 30 days.
Looking for professional property management services in Orlando Florida? Reach out to The Listing Real Estate Management, we are a full-service Orlando Property Management company and focus on you as a homeowner or real estate investor. Visit https://www.thelistingrem.com to contact us.
_________Content of this Video__________
0:00 Best Orlando Areas To Buy a Rental Property Intro
0:56 Top 5 Appreciation Areas in Orlando
2:28 Top 5 Cash Flow Areas in Orlando
3:52 Areas To Invest Conclusion
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