Puerto Rico: House Prices, Rents, and Rental Yields
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Last Updated: Jan 07, 2008
Yields are good in Puerto Rico
| Last Updated: Jan 07, 2008 | |||||
| SAN JUAN 1 - Metropolitan - Apartments | COST (US$) | YIELD (p.a.) | |||
| TO BUY | MONTHLY RENT | ||||
| 3-BR | 216,239 | 1,305 | 7.24% | ||
| SAN JUAN - Metropolitan - Houses | |||||
| 4-BR | 492,917 | 2,304 | 5.61% | ||
| COASTAL AREAS - Apartments 2 | |||||
| 1-BR | 284,883 | 1,483 | 6.25% | ||
| 2-BR | 514,744 | 2,283 | 5.32% | ||
| 3-BR | 766,889 | 2,672 | 4.18% | ||
| COASTAL AREAS - Houses | |||||
| 3-BR | 828,645 | n.a. | n.a. | ||
| 4-BR | 996,600 | n.a. | n.a. | ||
| 1 Metropolitan San Juan properties located in Guaynabo, San Juan, and Trujillo Alto. 2 Coastal Area properties located in Condado, Dorado, Isla Verde, and Palmas del Mar. Source: Global Property Guide |
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Gross rental income on a three-bedroom apartment in San Juan is around 7.24%. A four-bedroom house can earn around 5.61%.
Lower yields are expected in coastal areas. Apartments have yields of around 5.25%. A three-bedroom apartment in the coastal area can earn income of 4.18%. Apartments and houses in coastal areas are both more expensive than in San Juan, with three-bedroom apartments and four-bedroom houses selling for $520,00 and $680,000, respectively.
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