Gross rental yields in Puerto Rico: San Juan and 4 other cities
The average gross rental yield in Puerto Rico stands at 8.42% (Q1, 2024).
- San Juan
- Ponce
- Caguas
- Mayagüez
- Fajardo
Last Updated: Feb. 20, 2024 | |||
SAN JUAN - Apartments | COST ($) | YIELD (p.a.) | |
TO BUY | MONTHLY RENT | ||
Condado-Miramar | |||
1-Bedroom | $374,000 | $2,125 | 6.82% |
2-Bedroom | $640,000 | $3,100 | 5.81% |
3-Bedroom | $1,197,500 | $5,000 | 5.01% |
4+Bedroom | $1,900,000 | $7,750 | 4.89% |
Río Piedras | |||
1-Bedroom | $97,500 | $675 | 8.31% |
2-Bedroom | $120,000 | $876 | 8.76% |
3-Bedroom | $152,050 | $1,300 | 10.26% |
4+Bedroom | $375,000 | $1,445 | 4.62% |
San Juan (all locations) | |||
1-Bedroom | $270,000 | $950 | 4.22% |
2-Bedroom | $397,500 | $1,925 | 5.81% |
3-Bedroom | $392,500 | $2,100 | 6.42% |
4+Bedroom | $459,000 | $2,500 | 6.54% |
San Juan avg. Rental Yields | 5.75% | ||
PONCE - Apartments | COST ($) | YIELD (p.a.) | |
TO BUY | MONTHLY RENT | ||
Ponce (all locations) | |||
2-Bedroom | $89,900 | $838 | 11.19% |
3-Bedroom | $134,500 | $1,300 | 11.60% |
Ponce avg. Rental Yields | 11.39% | ||
CAGUAS - Apartments | COST ($) | YIELD (p.a.) | |
TO BUY | MONTHLY RENT | ||
Caguas (all locations) | |||
2-Bedroom | $95,000 | $650 | 8.21% |
3-Bedroom | $164,900 | $1,100 | 8.00% |
Caguas avg. Rental Yields | 8.11% | ||
MAYAGÜEZ - Apartments | COST ($) | YIELD (p.a.) | |
TO BUY | MONTHLY RENT | ||
Mayagüez (all locations) | |||
2-Bedroom | $104,000 | $663 | 7.65% |
3-Bedroom | $125,000 | $925 | 8.88% |
4+Bedroom | $185,000 | $938 | 6.08% |
Mayagüez avg. Rental Yields | 7.54% | ||
FAJARDO - Apartments | COST ($) | YIELD (p.a.) | |
TO BUY | MONTHLY RENT | ||
Fajardo (all locations) | |||
1-Bedroom | $240,000 | $623 | 3.12% |
2-Bedroom | $258,500 | $975 | 4.53% |
Fajardo avg. Rental Yields | 3.82% | ||
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 and Point2 Homes |
Research Methodology: To conduct this research, we searched for studio, 1-bedroom, 2-bedroom, 3-bedroom, and 4-bedroom apartments in San Juan - Puerto Rico. We used the local real estate listing website for both buying and renting prices to determine the average gross rental yields (Monthly Rent x 12 / Purchase Price).
For instance, if the monthly rent is $500 and the purchase price is $100,000, the calculation would be: $500 (Monthly Rent) x 12 / $100,000 (Purchase Price) = 6% (Gross Rental Yield).