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 |
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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 |
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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 |
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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.
Puerto Rico - More data and information
- How expensive are houses in Puerto Rico compared to the rest of Caribbean?
- Property prices in Puerto Rico. Graph of house price trends in Puerto Rico
- How much rent can be earned from Puertorican property, compared to the rest of Caribbean?
- How much tax must foreign owners pay when they rent out their Puertorican property?
- Where to by property in Puerto Rico