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Feb 13, 2013

Rental incomes in Puerto Rico – San Juan rental yields range from 3.83% to 6.39%

			Last Updated: Feb. 13, 2013
METROPOLITAN SAN JUAN - Apartments	COST (US$)		YIELD (p.a.)	PRICE/SQ.M. (US$)
METROPOLITAN SAN JUAN - Apartments	TO BUY	MONTHLY RENT	YIELD (p.a.)	TO BUY	MONTHLY RENT
2 BR	163,850	1,011	7.40%	n.a.	n.a.
3 BR	176,618	1,329	9.03%	n.a.	n.a.
4 BR	318,818	n.a.	n.a.	n.a.	n.a.
METROPOLITAN SAN JUAN - Houses
3 BR	314,648	n.a.	n.a.	n.a.	n.a.
4 BR	460,966	n.a.	n.a.	n.a.	n.a.
5+ BR	775,044	n.a.	n.a.	n.a.	n.a.
PUERTO RICO COASTAL - Apartments
1 BR	171,547	n.a.	n.a.	n.a.	n.a.
2 BR	338,967	n.a.	n.a.	n.a.	n.a.
3 BR	426,874	n.a.	n.a.	n.a.	n.a.
PUERTO RICO COASTAL - Houses
3 BR	248,421	n.a	n.a	n.a.	n.a.
4 BR	403,589	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 of properties in Puerto Rico have fallen slightly. Last year, rental properties earned an average yield of 5.95%, whereas this year, it’s down to 5.52%. Three-bedroom apartments in Metro San Juan earn the highest rental yields, at 6.39%.

Two-bedroom apartments in the coastal areas of Puerto Rico such as Condado, Miramar and Dorado have the lowest rental returns at 3.83%.

House prices in Guaynabo, Ponce and Viejo San Juan have fallen, from an average of about US$430,000 to US$400,000. Rental income fell too, from US$2,200 to US$1,700. Rental yields have also fallen, from 6.22% to 5.54%.

Apartments are the most profitable type of investment property in Puerto Rico, earning, on average, moderately good rental yields of 6.01%.

Puerto Rico - more data and information

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