Central Florida (Orlando, Kissimmee, Sanford) has been ranked the 2nd best investment market in the US for single family rentals according to Real Estate management firm Home Union. The criteria in ranking were based on combination of median prices of investment properties, yearly job growth, gross rental yield and housing affordability. Other cities such as San Francisco, Miami did not make the list since high home prices and cap rate yield are not attractive to investors.
The city is still experiencing rapid growth. Universal Orlando is looking to Buy 450 plus acres from Colony Capital along Universal Boulevard that run from Sand Lake Road down to the Rosen Shingle Creek Resort. If Universal can acquire the land, there’s potential for multiple hotels, an abundance of retail or dining real estate, and even a theme park.
The inventory of homes continue to decrease and median home prices is expected to increase as well with a steady growth during the year 2016. The interest rate for home Buyers continue to decrease with an attractive rate of 3.86%