Gross rental yields in Puerto Rico: San Juan
The average gross rental yield in Puerto Rico (San Juan) stands at 8.36% (Q3, 2023).
Last Updated: Sept. 21, 2023 | |||
SAN JUAN - Apartments | COST ($) | YIELD (p.a.) | |
TO BUY | MONTHLY RENT | ||
All Locations | |||
1-Bedroom | $395,000 | $2,200 | 6.68% |
2-Bedroom | $550,000 | $3,150 | 6.87% |
3-Bedroom | $699,500 | $5,250 | 9.01% |
4+Bedroom | $1,487,500 | $13,500 | 10.89% |
San Juan avg. Rental Yields | 8.36% | ||
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).