Puerto Rico

Rental Income in Puerto Rico

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Rental incomes in San Juan, Puerto Rico are good

Residential Valuation Specialist | March 23, 2016

Last Updated: Feb. 02, 2016
METROPOLITAN SAN JUAN
- Apartments		 COST (US$) YIELD (p.a.) PRICE/SQ.M. (US$)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
1 BR n.a. 516 n.a. n.a. n.a.
2 BR 120,848 717 7.12% n.a. n.a.
3 BR 140,225 854 7.31% n.a. n.a.
METROPOLITAN SAN JUAN
- Houses
3 BR 147,651 n.a. n.a. n.a. n.a.
4 BR 201,466 n.a. n.a. n.a. n.a.
5+ BR 314,197 n.a. n.a. n.a. n.a.
PUERTO RICO COASTAL
- Apartments
1 BR 142,820 n.a. n.a. n.a. n.a.
2 BR 234,180 n.a. n.a. n.a. n.a.
3 BR 311,860 n.a. n.a. n.a. n.a.
PUERTO RICO COASTAL
- Houses
3 BR 322,157 n.a n.a n.a. n.a.
4 BR 577,192 n.a. n.a. n.a. n.a.
Districts researched:
Metropolitan San Juan: Guaynabo, Ponce, Trujillo Alto and San Juan (Hato Rey, Rio Piedras, Cupey, Viejo San Juan/Old San Juan)
Coastal Areas include: Condado, Miramar, Dorado and Isla Verde (Carolina)
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule

Average rental yields on apartments in San Juan, Puerto Rico, are again slightly down on last year, at 7.1% on 2 bedroom apartments, and 7.3% on 3 bedroom apartments.

This year, like last year, we were unable to gather sufficient data on apartments in coastal areas of Puerto Rico such as Condado, Miramar and Dorado, but two years ago they had much lower rental returns at 3.8%.

Round trip transaction costs, i.e., the costs of buying and selling a property, are very low in Puerto Rico. See Property transaction costs analysis for Puerto Rico and Puerto Rico transaction costs compared to other counties.

 

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