Rental incomes in Cayman Islands - good rental yields, average yield of 6.82%
Last Updated: Sept. 24, 2022 | |||
CAYMAN - Apartments | COST ($) | YIELD (p.a.) | |
TO BUY | MONTHLY RENT | ||
Cayman (all locations) | |||
1-Bedroom | $518,293 | $3,840 | 8.89% |
2-Bedroom | $613,414 | $5,000 | 9.78% |
3-Bedroom | $1,795,000 | $8,780 | 5.87% |
4+Bedroom | $5,000,000 | $11,403 | 2.74% |
Cayman (all locations) avg. Rental Yields | 6.82% | ||
All yields are gross - i.e., before taxes, repair costs, ground rents, estate agents fees, and any other costs. Net yields (what you´ll really earn) are typically around 1.5% to 2% lower. Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule |
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In the Cayman Islands, rental returns can be surprisingly good. Condominium costs on 7 Mile Beach vary in a wide range.
The expected rental price from a two-bedroom property is now about US$5,000 monthly. This means the average rental yield of 9.78%, which is very good.
In the Cayman Islands, really large properties are less attractive in income terms, with much lower rental yields of 2.74%.
The average rental yield for the Cayman Islands is about 6.82%.
We were surprised by the generous rental yields on smaller and medium-sized condos. But in recent years, high yields have been normal in the Cayman Islands.