If you are looking to invest in the US housing market this year, more specifically
buying property in Florida, you came to the right source. Investors are vying after positive cash flow properties in the Florida real estate market to capitalize on high rental income and cash on cash return in the long term. To buy profitable investment properties and make money in real estate, it requires analysis and number crunching. By this, we mean conducting real estate market analysis and investment property analysis. To make sound investment decisions requires key steps and prerequisites.
For one, investors must find the right markets for real estate investing. As you know, the housing market is never fixed and with the ups and downs of the market, you must be a chameleon in adapting your investment strategy to capitalize on lucrative real estate opportunities, respective to market and economic conditions. To understand the interdependent relationship between the law of supply and demand and its effect on a buyer’s market and a seller’s market is crucial. To assess cash flow returns on an investment property and to calculate the ROI is also crucial to guarantee profitable returns.
Related: What Are the Top Buyer’s Markets and the Top Seller’s Markets in the US Right Now?
Best Real Estate Investments in Florida
If you need some convincing for buying property in Florida this year, we will let the numbers speak for themselves. With Mashvisor’s investment property calculator, traditional and predictive analytical tools, and real estate comps, investors are rest assured to find the best real estate investment opportunities across the country in a matter of minutes.
So, let’s get into it, here are the best cities for buying property in Florida right now. The data presented below comes from Real Wealth Network.
1. Orlando, Florida Real Estate Market
Besides the warm weather and sunny conditions, Orlando has all the right ingredients for a profitable real estate investment and strong ROI.
Major reasons why Orlando, Florida is a good real estate investment include:
- Houses are affordable to buy; real estate investors can find a fully renovated home for under $120,000 and make a killer profit.
- Strong economic indicators.
- Job and population growth are good indicators.
- Property taxes and insurance costs are relatively low.
Real estate metrics for buying property in Florida: Orlando
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- Median Sales Price: $188,000
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- Median Rent per Month: $1,360
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- Median Household Income: $42,000
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- Population: 2.4 M
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- 1-Year Job Growth Rate: 4.20%
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- 5-Year Equity Growth Rate: 66.40%
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- 5-Year Population Growth: 14.20%
- Unemployment Rate: 4.5%
2. Tampa, Florida Real Estate Market
Tampa, Florida makes the list for the best real estate market for traditional and short-term rentals in 2018. The major reasons include:
- Tampa’s economy is one of the fastest growing in the country.
- Houses are pretty expensive compared to Orlando, but real estate investors can find and capitalize on investment opportunities at affordable prices.
- Tampa is a sound investment for an Airbnb business. So, if you are looking to invest in short-term rentals, Tampa is the city to consider.
Real estate metrics for buying property in Florida: Tampa
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- Median Sales Price: $136,000
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- Median Rent per Month: $995
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- Median Household Income: $43,514
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- Metro Population: 3.0 M
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- 1-Year Job Growth Rate: 2.10%
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- 5-Year Equity Growth Rate: 4.60%
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- 5-Year Population Growth: 8.70%
- Unemployment Rate: 4.60%
Related: What Makes for the Best Cities for Airbnb Rental Properties?
3. Jacksonville, Florida Real Estate Market
This city should come as no surprise to make the list. It is no secret that Jacksonville is another hot spot for buying property in Florida and across the country for that matter. There are many reasons to make this city hot hot hot for real estate investing, but the main reasons include:
- Forbes ranked this city on their list of best cities in the US for employment.
- Strong economic indicators and a booming economic market.
- Affordable housing and low cost of living are major incentives for real estate.
Real estate metrics for buying property in Florida: Jacksonville
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- Median Sales Price: $154,000
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- Median Household Income: $48,143
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- Metro Population: 1.5 M
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- 1-Year Job Growth Rate: 3.0%
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- 5-Year Equity Growth Rate: 38.70%
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- 5-Year Population Growth: 9.60%
- Unemployment Rate: 4.6%
4. Cape Coral, Florida Real Estate Market
Cape Coral is the last city to make the list for buying property in Florida this year. There are several reasons including:
- Forbes ranked this city as the 10th fastest growing city in the country.
- Positive economic indicator as well as affordable housing and high cash flow returns.
- Strong long-term appreciation for residential real estate properties.
Real estate metrics for buying property in Florida: Cape Coral
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- Median Sales Price: $217,000
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- Median Rental Price per Month: $1,650
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- Median Household Income: $51,000
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- Metro Population: 722,000
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- 1-Year Job Growth Rate: 2.44%
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- 5-Year Equity Growth Rate: 81%
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- 5-Year Population Growth: 17%
- Unemployment Rate: 4.8%
Why Mashvisor’s Investment Property Calculator Is a Must for Real Estate Investing
To find the best real estate properties in the US housing market, real estate investors use Mashvisor’s investment property calculator to cut their time in half and double their returns on investment. The rental property calculator estimates the ROI taking into account monthly expenses and costs. So, you don’t have to worry about any manual calculations and brushing up on your math skills, the rental property calculator computes the inputs and gives you a clear estimate of your returns and net profits.
The rental property calculator works for both traditional real estate and short-term rental properties like Airbnb, and it computes the following metrics:
- The cap rate
- The cash on cash return
- The cash flow
- The occupancy rates
- The rental income
- Real estate comps
For guaranteed returns on any real estate investment and for buying property in Florida, the Mashvisor investment property calculator is the way to go. Don’t believe us? Go check it out for yourself, you won’t regret it.
Related: How Can You Assure the Best Return on Rental Properties?
Conclusion
Buying property in Florida is the way to grow your returns on investment this year, just make sure you study your investment prospects before you go ahead and close the deal. For guaranteed returns, real estate investors conduct the right due diligence and study their returns first and foremost. Mashvisor provides many analytical tools and insight to help real estate investors find the best real estate investment opportunities across the country in real time.
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