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

Discover the perfect retreat in this inviting 2-bedroom, 1.5-bathroom townhome in the delightful Key West Golf Club community. Tucked within a lush, gated enclave, this residence offers the best of resort-style living while maintaining the relaxed charm of the Florida Keys.Step inside to find an open-concept living space filled with tons of natural light. The kitchen boasts modern appliances and plenty of cabinet space, making it both stylish and functional. Beyond the kitchen is a dining area and spacious living room with sliding glass doors which lead to your private covered porch. The perfect spot for lounging outdoors and enjoying the Key West breeze. Downstairs from the porch is your own fenced-in backyard garden area, with ample storage underneath the property. Back inside and upstairs are two comfortably-sized bedrooms, with a private balcony off the primary suite. Residents of the Key West Golf Club enjoy access to two beautiful sparkling pools, a state-of-the-art fitness center, and an 18-hole Rees Jones-designed golf course. This home offers both convenience and tranquility, and is located minutes from Key West's historic Old Town, world-famous dining, and relaxing beaches. Schedule a private showing today!

$564,900 Active

161 Golf Club Drive KEY WEST, Florida

2 Beds 2 Baths 780 SqFt 0.03 Acres

$Experience all the allure of Fishermans Cove fractional Ownership. where you can enjoy unparalleled views at a fraction of the price. This property cannot be rented out only the condo owners can Revel in the spaciousness of this expansive 3-bedroom, 3-bath condo, boasting direct bay access that sets the stage for breathtaking sunsets. Step into a haven of convenience, as this meticulously designed property anticipates your every need - simply pack your toothbrush and you're all set. Fishermans Cove does not permit rentals, ensuring that exclusive privileges are reserved solely for property owners. Enjoy unrestricted access to the expansive rooftop owners' deck, stay active in the fully equipped gym, and luxurious private cabanas designed just for you. Embark on your own expeditions with the distinct advantage of having two boats ready for your use: a 26' Sea Fox and a 24' Contender. As well as the convenience of access to both bayside and the ocean. On average Owners take advantage of spending an average of 5 to 7 weeks per year within these highly coveted residences, although the opportunity for enjoyment extends beyond this range with no limit, allowing you to truly embrace a life of lavishness and tranquility. Strategically situated above the renowned Big Chill, you'll have easy access to dining and entertainment experiences. The swift journey from Miami grants you a short trip, conveniently placing an array of experiences at your fingertips.$ $300,000 Active

104000 Overseas Highway 5-8 KEY LARGO, Florida

3 Beds 3 Baths 2,300 SqFt

$1,095,000 Active

96000 Overseas Highway X23+36ftSlip KEY LARGO, Florida

2 Beds 2 Baths 1,278 SqFt

Are You Looking for Commercial Property in the Florida Keys?

Use our site to search commercial real estate in Key West and all of the Florida Keys. Unlike the “big name” sites out there, our site is directly connected to our local MLS and is updated with new properties every HOUR. By creating a Property Manager account you can stay on top of the newest businesses that go up on the market and get Price Change alerts so you can stay ahead of other buyers and beat them to the best deals!
In the meantime, check out these 1-click searches:

Newest Key West Commercial Properties on the Market

Prime Mixed Use Income Producing property for sale. Total of 6 units. There are 2 Commercial units on ground floor facing Truman Ave. Both Commercial spaces now occupied by the Seam Shoppe, a long term, stable tenant. On the 2nd floor there are 4 good size apartments. Each 1bedroom and a loft bedroom and 1 bath. Each has use of large, outdoor deck in back. Potential Gross rental income approx. $15,000/mos.Total of 6 Water and Electric Meters. Rear parking lot for 4 + or - cars. Building in good condition and well maintained.Excellent Replacement Property for a Buyer looking to perform a 1031 Exchange.Owner may consider Seller financing to a Qualified Buyer at Seller discretion.

$2,150,000 Active

1109 Truman Avenue KEY WEST, Florida

4 Beds 6 Baths 4,410 SqFt

Prime retail location on busy 300 block of Duval St with great visibility at the corner of Eaton St. Vacant and available now for long term, quality tenant. Perfect for Retail or small Restaurant.Unit B is approx. 880 sf. and has been renovated including new flooring, ceiling tiles, lighting, several sinks plumbed in with front reception area and prep & storage rooms in back. Exterior of the entire building has been renovated as well including new facade and steps. Unit B has a private ADA compliant bathroom. Thousands of tourist walk by daily and nightly. Ample customer and employee parking in the rear. Great mix of tenants including Wendy's, Wicked Lick Ice Cream, Kermit's Key Lime Pie and a large space dedicated to a Bank of America ATM machine for quick cash.Base rent is $80/sf plus $24.40/sf. NNN = $7,656/ mos. rent quoted, plus additional Florida Sales Tax equals total rent per mos.

$7,656 Active

335 Duval Street B KEY WEST, Florida

2 Baths 6,495 SqFt

Opportunity to purchase prime Duval St. Real Estate with a very valuable, full, unrestricted 5COP Liquor License BEV5400029 included. An opportunity like this is rarely available anywhere in Key West or Monroe County. State issued Liquor License alone known to have sold recently well over $1 Million. Terrific Upper Duval St. corner location with high visibility from 43' frontage on Duval St. There is all day & night foot traffic from many Hotels & Guesthouses in the immediate area. Near the Southernmost Point in Key West. Historically this property has been a popular Restaurant & Bar and Retail store. Very solid 2,760 sf. CBS Building is currently configured with retail display space and a large, unused kitchen with existing Hood. There is also storage on 2nd floor in the attic. Additional storage, restroom and former Back bar with access off Amelia St.Large corner lot at Duval St. and Amelia St. with 98.75' frontage on Amelia St. x 43.18' on Duval St. Same owner since 2012 motivated to sell, Bring Offers! Existing business not included in sale.

$4,500,000 Active

1114 Duval Street KEY WEST, Florida

2 Baths 2,760 SqFt

Buy a Bar & Liquor Store in Key West! Dons' Place is the opportunity to purchase an Iconic and Landmark Indoor and Outdoor Bar & a Liquor Store with a Drive Through! This package is rarely available in Key West or anywhere in the Keys. Big bonus is that is includes a very valuable, full, unrestricted & transferrable 5-COP Liquor License that includes Tobacco & Retail Beverage with no food requirement! BEV 5400161.Monroe County Liquor Licenses are valued well over $1 Million and 2024 County Assessed Values of the two real estate parcels is over $2.5 Million. Total Asset value alone is over $3.5 Million.The Indoor Bar and adjoining Liquor Store are in the main corner, CBS 2,396 sf. building along with men's and women's restrooms, office & storage. The building also operates maybe the only drive through, pick up window for Beer, Wine and Liquor left in the Keys! Several major repairs include new AC unit, new Bar and plumbing. New roof in 2022. There is an assuring backup propane Generac Generator with automatic transfer. All Furniture, Fixtures and Equipment included.Outside is another 1,588 sf. covered outdoor Bar for entertaining, weddings, special events and parties. There is bar and table seating and a separate small office/storage building. The Bar and Liquor store are popular with both tourists and locals. The business is family managed with absentee owners and a few long time employees. Current Bar hours are 7am until 4am, 7 days per week. The Bar and Liquor Store are a money making operation with so many opportunities for growth for a new owner. Currently there is no food service on site, only pre-packaged snacks sold, but HNC -1 Zoning allows Restaurants and likely Food Trucks for added income.Same absentee owners since 1998 and first time listed for sale. Sellers may consider Seller financing to a Qualified Buyer at Sellers discretion.

$4,750,000 Active

1000-1006 Truman Avenue KEY WEST, Florida

2 Baths 2,756 SqFt

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