Why Southwest Florida?
Southwest Florida contains two Large MSAs that are both booming with population growth and home price appreciation! The Cape Coral-Fort Myers MSA saw a population increase of 22% in less than a decade which ranked it #7 in the U.S. before the pandemic (source: US Census). Now, remote workers as well as retirees are all flocking in for the sun, golf and lifestyle as Cape Coral was ranked #1 Happiest City in America (source: Wallethub). As a result, both rents and home prices have been shooting up, with over 85% home price appreciation in the last 5 years! Right next door is the North Port-Sarasota-Bradenton MSA, where home prices increased over 90% in the last 5 years. (Source: FHFA.gov) Both MSAs have unemployment rates well below the national average (Source BLS.gov) and are premium locations to own rental property directly in the path of growth.
Property Highlights
- New Construction Single Family Rental Properties and Duplexes
- Established Communities
- Granite Countertops, Stainless Steel Appliances and a 2-10 Builder Warranty
- $400,000 Average SFR Purchase Price
- 5% Average Cap Rate
Market Highlights
- 85%+ Home Price Appreciation over the last 5 years in each MSA (Source: FHFA.gov)
- 22% Population Growth in Cape Coral-Fort Myers MSA in less than a Decade (USCensus.gov)
- 500%+ Home Price Appreciation in North Port-Sarasota-Bradenton MSA since 1991 (Source: FHFA.gov)
- Cape Coral Rated #1 Happiest City in America (Source: WalletHub)
