Orlando Ranks #2 in U.S. for Rental Real Estate Investors

Investors interested in vacation rental properties should find plenty of opportunities in Orlando this year. HomeUnion ranked The City Beautiful #2 in the nation for single-family rental investment opportunities in 2017, after Atlanta. 

The online real estate investment management firm ranked 31 metro areas based on several factors including yields, rental demand, investment home prices and capital markets conditions.

HomeUnion’s report noted the Orlando market has the second-highest projected employment growth of all Florida metro areas, thanks to demand for technology and tourism-related jobs. 

Orlando’s robust economy is creating demand for housing, which has placed upward pressure on median sales prices for investment homes and owner-occupied properties. As a result, HomeUnion’s report said many investors are now using leverage to acquire assets at higher price points instead of paying for properties with cash. 

Orlando appeals to retirees from the U.S. and overseas who want to live in a warm climate. The metro area has both supply and demand, making entry prices attractive for investors. Plus, Orlando’s booming tourism industry supports thousands of jobs in the area, although that often precludes homeownership for local residents. As a result, HomeUnion believes investors can capitalize on this high-demand market in 2017.   

One area of Orlando that has proven attractive to real estate investors is Northeast Polk County, which is part of the Four Corners area. That’s because property owners can rent these vacation homes on a short-term basis to tourists visiting theme parks like Disney World and Universal Studios.  Rental income can help property owners recoup some of their investment. 

You can find a variety of vacation homes for sale in the Orlando area, ranging from modest two-bedroom condominiums to luxurious 6 and 7 bedroom single family villas. Some of these properties are located within communities offering luxury resort-style amenities. 

For more information, contact Team Donovan to help you with your Orlando vacation home search. We have years of experience working with absentee owners, buyers and sellers, and our knowledge of this market is unrivaled. Call us today at 407-705-2616. 

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