3 Types of Rental Property Investments for New Investors

For those who are looking for their first rental property investment, diversity in the market only serves to confuse them. There are just too many variables to the equation that leads to a successful investment. New investors can make better choices by discovering the best types of property investments in the rental market.

Single-Family Units

These homes are especially attractive to young families. A recent report by Forbes showed that single-family homebuilding rose 11 percent in December 2019, the highest ever since 2007, which was before the economic crisis.

To be more profitable, pick homes that have sound structure but require a bit of renovation. These homes will be priced much lower than the current market rate. This is to provide you with a protective cushion in case the market value takes a dive. Once renovated, this type of home can bring you steady income for years to come, provided you pick an established neighborhood that provides values to the renters.

Single-Tenant Triple-Net Properties

This type of property is perfect for investors who don’t have the time to actively manage the property. Basically, you’ll lease out your property to a single tenant. Most of the time, the tenant will be a company and they will be responsible for all expenses related to the property. The typical lease terms are from 10 to 25 years, renewable. If you have KFC, FedEx, or Ford as tenants, you’ve hit the jackpot.

Condos & Apartments

For those with more ample funds to invest, condos & apartments are synonymous with security and prosperity. These types of properties are often in their best conditions with little management required, and they attract well-behaved highly-educated tenants/vacation-renters, which is a landlord’s dream come true.

Knowing which types of rental properties yield the best result helps investors make better investment choices in the real estate market. If you plan to purchase on a mortgage, do careful calculations before you commit to ensure you don’t get caught in a cash shortage in the process.

Key West Investment Condos

Beautiful Lighthouse & Marina Views overlooking the Gulf of Mexico, one of the nicest Condominium Complexes in Marathon. Spacious 3 bedroom 2 bath with a split floor plan, sold furnished Large balcony with gorgeous views. Spacious Kitchen. Tiled floors with carpeting in the bedrooms, Tennis Courts, separate storage area. assigned parking Gated entrance. Owners of units get a discount at the adjoining Faro Blanco Resort for dining, Hotel,Marina, & have Pool privilege's

$619,000 Active

Marathon, Florida

3 Beds 2 Baths 1,650 SqFt

2 bedrooms, 1 bathroom condo at Key West By The Sea. Open floor plan with views of the pool. This property went through the Airport Noise Improvement Project in April 2020 and has all new sound proof windows and doors. Ductless units in both bedrooms and the living room. The property is well maintained by the association. Key West by the Sea offers 2 large swimming pools, 2 tennis courts and coin laundry rooms. Smather's Beach is across the street which is popular with sunbathers and watersports enthusiasts. Smather's is a main promenade with a wide paved sidewalk perfect for for biking, rollerblading, running or walking. Take an evening stroll down the beach after a hard day of work or a swim on your day off. Buyer/New owner may not rent for the first year of ownership. After 1 year Take an evening stroll down the beach after a hard day of work or a swim on your day off. Buyer/New owner may not rent for the first year of ownership. After 1 year there is 2 month minimum rental.

$495,000 Active

2601 Roosevelt Boulevard S 218C KEY WEST, Florida

2 Beds 1 Baths 980 SqFt

Penthouse Corner unit! Pristine condition. Privacy, No rentals, enclosed Garage with Boat lift on 200 ft wide canal on Deep water dockage and Cocoplum Beach is just down the street. Tennis courts, pool, the entire building including elevator, fencing, grounds, building exterior everything has been upgraded in last 3 years. Impact windows and sliders, wine cooler, Granite Kitchen, screened in porch, corner unit has larger views, and so much Natural light.

$610,000 Active

130 Coco Plum Drive 401 MARATHON, Florida

2 Beds 2 Baths 1,360 SqFt

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