If you live in Orlando and looking forward to making a property investment then you must read on! This post is all about investing in Orlando and the reasons that make it a wise decision.
As per the Department of Economic Opportunity – Florida;
In the year 2017, Orlando ranked as one of the fastest growing and largest metropolitan area in the entire country.
The region might not be the largest when it comes down to jobs but with 3.8% employment growth, Orlando easily outplaces San Antonio, Riverside California, Seattle, Austin and every other large MSA in America.
As per the Orlando Buyers’ Agents, Orlando is one of the dream destinations due to beautiful Florida weather, mesmerizing beaches and of course, Disney World. With the high rate of tourism, this region also stacks up high when it comes to real estate investment opportunities. As per Forbes, Orlando is ranked as the 3rd best investment location.
If you take a closer look at the Orlando real estate industry, it has the 2nd highest rental yield in the entire United States. The rental yield of Orlando is twice as high as that of San Francisco. All of these facts are enough to contemplate Orlando as the best destination for making a real estate investment.
To your further assistance, let us have look at the most up-and-coming destinations in Orlando.
Kissimmee
Many people are flocking to this area for multiple reasons. The most exhilarating aspect of moving to Kissimmee is the old Florida atmosphere, unspoiled natural beauty and of course theme parks. If you haven’t been to Kissimmee then you must visit and spend some time outdoors and to experience first-hand why it is known as the most natural area of Orlando.
Downtown Orlando
This is another attractive part of the city that entices potential investors. Even though you might not receive the best rental yield for properties in this area, but there are some potential grounds to assume that the situation will tremendously change in the near future.
With the significant growth of the local market in Orlando, numerous young specialists are moving back and establishing their offices. To put in simple words, the rental yield in Orlando is definitely going to skyrocket – real soon.
Winter Park
The Orlando Buyers’ agents commonly refer to this as the most comfortable alternative to the downtown hustle. Winter Park is a popular location among families with kids. The area features the most exclusive property in the entire city. If you are more into outdoor activities, dining, and on-foot exploration, then Winter Park is definitely a right place to start with.
The rental prices in Winter Park are much higher than the city’s average. It is best known to get good ROI with low vacancy rates.
Considering investing in Orlando? It can be concluded that it is an appealing destination to get the best ROI. If you need professional insight on real estate investment in Orlando, contact Megan Dowdy Realty right away.
