Rental incomes in Cayman Islands - good rental yields, average yield of 6.82%

November 09, 2022

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.