Rental Real Estate Market in Cape Coral
Cape Coral Florida is a residential community of 179,000 people with 79,000 housing units. In Cape Coral, 68.4% of homes are owner occupied which leaves a solid market for investment rental properties.
If you have ever considered owning an income property, here are some rental investment facts you may find interesting. These facts are from income producing property records in the SWFL MLS. What we’ve done below is look at the median monthly actual rental rates and compared that to the median price which that type of home sold for. The result is a simple rate of return before expenses.
| Home type | Median Sales Price | Median Monthly Rental | Simple Return Before Exp |
| SFH No Pool off water | $193,000 | $1,395 | 8.7% |
| SFH Pool Gulf Access | $428,000 | $1,983 | 5.6% |
| SFH Pool off water | $250,000 | $1,650 | 7.9% |
| Duplex | $245,000 | $2,290 | 11.2% |
Rental properties offer both a monthly return and an appreciating asset.
- For single family homes, rental rates went up 3.6% 2016 to 2017.
- Cape Coral single family homes went up in value about 8% year over year as of November
For advice on all things real estate or if you would like a personal consultation on real estate investing call:
Ross Winchel
Team Broker Koffman and Associates
Royal Shell Real Estate
239-898-1214 or email Ross.Winchel@gmail.com
