Gross rental yields in Puerto Rico: San Juan and overall average
The average gross rental yield in Puerto Rico stands at 8.20% (Q2, 2024). Previously, in Q3, 2023 the average gross rental yield stood at 8.23%.
- San Juan (8.61%)
- Puerto Rico (7.05% in total)
| Last Updated: May 28, 2024 | |||
| SAN JUAN - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Condado-Miramar | |||
| 2-Bedroom | €699,000 | €5,200 | 8.93% |
| 3-Bedroom | €900,000 | €7,000 | 9.33% |
| Isla Verde | |||
| 1-Bedroom | €245,000 | €2,750 | 13.47% |
| 2-Bedroom | €499,000 | €5,500 | 13.23% |
| San Juan (all locations) | |||
| 1-Bedroom | $320,000 | $2,350 | 8.81% |
| 2-Bedroom | $575,000 | $4,000 | 8.35% |
| 3-Bedroom | $650,000 | $5,500 | 10.15% |
| 4+Bedroom | $1,350,000 | $8,000 | 7.11% |
| San Juan avg. Rental Yields | 8.61% | ||
| Puerto Rico - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Puerto Rico (all locations) | |||
| 1-Bedroom | $245,000 | $1,700 | 8.33% |
| 2-Bedroom | $385,000 | $2,750 | 7.79% |
| 3-Bedroom | $400,000 | $3,200 | 9.60% |
| 4+Bedroom | $1,290,000 | $5,900 | 5.49% |
| Puerto Rico avg. Rental Yields | 7.05% | ||
| 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 |
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Puerto Rico Historic Rental Yield Data
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).