Orlando property investment offers very good options to the investors to make good profit from the property investment. The property prices are affordable in this part of the State of Florida. Orlando is famous for its places of interest like the Universal Studios, Disney World, Islands of Adventure, Busch Gardens,the Kennedy Space Center, Sea World.
All these places attract the tourists from all over the world. The number of tourists visiting Orlando is estimated to be around 50 million per year. This factor is causing the property value to increase. All these investors are the potential tenants of the property in Orlando. So, it is understandable that the property in Orlando has the potential to provide year long income to the owner.
The average price of property in Orlando is much higher than the average property price in the entire state of Florida. At the same time the price is lower than the national average.
On the other hand, if the year round income from the property is taken into account, the prices would surely look very affordable. The figure is between US $220,000. again the average price for four bedroom and a six bedroom house with modern facilities are estimated to vary between $250,000 and $300,000 respectively.
On the other hand, the weekly income from Orlando properties may remain somewhere between US $400-$2725 which depends on the character of the property and the location where it is situated. The annual return from these properties generally remains between 10-20% and sometimes more than that.
In the year 2006 the real estate market faced depreciation. It was not the picture of Orlando alone but the trend was found in the whole country. But properties like Orlando real estate cannot remain in such situations for too long. So, the Orlando property investment again picking up the pace and expected to perform well in the later part of this year.
Last Updated on : 5th July 2016