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
$659,000
Active
1901 Roosevelt Boulevard S 307S KEY WEST, Florida
2 Beds 2 Baths 1,099 SqFt
$2,800,000
Active
12400 Overseas Highway 13 & 14 MARATHON, Florida
6 Beds 6 Baths 2,986 SqFt
$449,900
Active
98222 Windward Avenue KEY LARGO, Florida
2 Beds 2 Baths 778 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:
- All Businesses for Sale
- Office Buildings
- Hotels, Motels & Bed & Breakfasts
- Bars & Restaurants
- Marinas for Sale in Key West
- Investment Properties
- Business Opportunities
Newest Key West Commercial Properties on the Market
$599,000
Active
31211 Ave A Big Pine, Florida
2 Baths 1,100 SqFt
$2,100,000
Active
1 Bowen Drive KEY LARGO, Florida
8 Beds 8 Baths 4,412 SqFt
$2,195,000
Active
30677 Overseas Highway Big Pine, Florida
1 Baths 15,200 SqFt
