Rental property in Orlando is always massively in demand - those people who desire more space than is offered in the typical resort hotels demand it, those people who wish to put some distance between themselves and the frenetic atmosphere of the resorts want it and those people who wish to save money on their visit to the Orlando resorts have to have it!
Therefore Orlando investment property offers plenty of room for regular rental profit, it offers you and your family and friends a great place to stay when you want and because of the current real estate climate in this part of Florida it offers you fantastic return on capital investment potential as well.
In Orlando you have the likes of Disney World, Universal Studios, Islands of Adventure, Sea World, Busch Gardens and the Kennedy Space Centre which attract growing numbers of visitors year in year out. And while many of the major theme parks offer their own accommodation options, the majority of Orlando’s annual 50 million visitors seek independent accommodation - either villas, apartments or hotels - that allow them full access to the complete range of attractions and facilities in this part of central Florida at a more affordable price.
Yes, you heard right, Orlando attracts 50 million visitors a year - that’s 50 million potential tenants for your Orlando investment property! And they come month in month out with the peak times of Spring Break, Easter, Thanksgiving, and the Christmas and New Year holidays seeing major influxes of visitors.
In terms of average rental prices that you can expect to generate from your real estate in this part of Florida, for a four bed villa with its own private pool close to Disney you can get from between £400 and £575 a week…and remember that’s year round! Or for a six bed executive property close to Disney with a whole host of amenities including of course the requisite pool you can get between £1625 and £2725 a week.
The average house price in Orlando currently stands at USD 218,000 which may be higher than the Florida state average but it is considerably lower than either the US nationwide or UK averages. And for that four bed house with a pool as detailed above you can expect to pay around USD 240,000 and get up to a 24% rental yield and for the 6 bed executive home you’ll be looking at getting a rental yield of around 12% if you’re paying average prices which are in the region of anywhere between USD 2,000,000 and 3,000,000.
And finally - if you’re still unsure about whether Orlando investment property offers you the kind of returns you’d like - for the year to April 2005 the median house prices in Orlando were up 33% and so far they are showing no signs of slowing down. After all, real estate in this part of the world will always be in demand.
