3 Types of Rental Property Investments for New Investors

For those who are looking for their first rental property investment, diversity in the market only serves to confuse them. There are just too many variables to the equation that leads to a successful investment. New investors can make better choices by discovering the best types of property investments in the rental market.

Single-Family Units

These homes are especially attractive to young families. A recent report by Forbes showed that single-family homebuilding rose 11 percent in December 2019, the highest ever since 2007, which was before the economic crisis.
To be more profitable, pick homes that have sound structure but require a bit of renovation. These homes will be priced much lower than the current market rate. This is to provide you with a protective cushion in case the market value takes a dive. Once renovated, this type of home can bring you steady income for years to come, provided you pick an established neighborhood that provides values to the renters.

Single-Tenant Triple-Net Properties

This type of property is perfect for investors who don’t have the time to actively manage the property. Basically, you’ll lease out your property to a single tenant. Most of the time, the tenant will be a company and they will be responsible for all expenses related to the property. The typical lease terms are from 10 to 25 years, renewable. If you have KFC, FedEx, or Ford as tenants, you’ve hit the jackpot.

Condos & Apartments

For those with more ample funds to invest, condos & apartments are synonymous with security and prosperity. These types of properties are often in their best conditions with little management required, and they attract well-behaved highly-educated tenants/vacation-renters, which is a landlord’s dream come true.
Knowing which types of rental properties yield the best result helps investors make better investment choices in the real estate market. If you plan to purchase on a mortgage, do careful calculations before you commit to ensure you don’t get caught in a cash shortage in the process.

Key West Investment Condos

$Experience all the allure of Fishermans Cove fractional Ownership. where you can enjoy unparalleled views at a fraction of the price. This property cannot be rented out only the condo owners can Revel in the spaciousness of this expansive 3-bedroom, 3-bath condo, boasting direct bay access that sets the stage for breathtaking sunsets. Step into a haven of convenience, as this meticulously designed property anticipates your every need - simply pack your toothbrush and you're all set. Fishermans Cove does not permit rentals, ensuring that exclusive privileges are reserved solely for property owners. Enjoy unrestricted access to the expansive rooftop owners' deck, stay active in the fully equipped gym, and luxurious private cabanas designed just for you. Embark on your own expeditions with the distinct advantage of having two boats ready for your use: a 26' Sea Fox and a 24' Contender. As well as the convenience of access to both bayside and the ocean. On average Owners take advantage of spending an average of 5 to 7 weeks per year within these highly coveted residences, although the opportunity for enjoyment extends beyond this range with no limit, allowing you to truly embrace a life of lavishness and tranquility. Strategically situated above the renowned Big Chill, you'll have easy access to dining and entertainment experiences. The swift journey from Miami grants you a short trip, conveniently placing an array of experiences at your fingertips.$ $275,000 Active

104000 Overseas Highway 5 KEY LARGO, Florida

3 Beds 3 Baths 2,352 SqFt 0.44 Acres

Experience stunning bay views and sunsets from this Bayfront condo at Rock Harbor Condominum in Key Largo! This spacious 3-bedroom, 3 Full bath condo offers a large kitchen with wood cabinetry, seamlessly flowing into an open floor plan ideal for entertaining family and friends. Each generously sized bedroom (16' x12'+) has a walk-in closet for added convenience and private Bathroom. Relax on the private screened balcony and enjoy the refreshing bay breezes while taking in the expansive water views. Picture waking up every morning to the awe-inspiring beauty of the bay - the perfect start to your day.Rock Harbor Club is a gated, resort-style community surrounded by lush tropical landscaping. Boating enthusiasts will appreciate the easy access, along with optional dry rack storage in-and-out service, and dockage in the sheltered basin. Unwind in the heated and chilled pool, or stay active with a variety of recreational options, including pickleball, tennis, basketball, bocce ball, kayaking, and paddleboarding, all with convenient storage and launch areas.The community's Bayfront clubhouse offers a range of amenities, from TVs and a fully equipped kitchen to restrooms, showers, saunas, and a gym. Embrace the relaxed Key Largo lifestyle by gathering around the fire pit, lounging on the sandy beach, or enjoying nightly sunsets over the bay. Live the dream and experience the best of Florida Keys living at Rock Harbor Club!

$999,000 Active

97652 Overseas Highway HH34 KEY LARGO, Florida

3 Beds 3 Baths 1,393 SqFt

STUNNING WATER VIEWS!! This Key West penthouse condo also treasures Key West sunsets all year round. If you have been looking for a single level DIRECT WATERFRONT residence featuring out of this world views - water and sunset- you just found it! Located just 20' from the waters edge in the most desirable building here, this top floor condo is next to impossible to find on the market. The entire property practically sits on a peninsula where a private drive with Royal Palms enters you into an amazing resort-style environment. There is nothing like this tropical waterfront setting with deep water boat access in all of Key West. This spacious 2 bed 2 full bath design can be configured in seconds to 2 masters. Tall ceilings, split bedrooms, open design, stainless appliances and a waterfront balcony that can be accessed by both the living area and master bedroom. Has elevator service and a private garage parking space with separate concrete storage area just for you. Even trash chutes on the 3rd floor are here. A private boardwalk spans the entire waterfront length of the property for 1/8 mile and is yours to enjoy for strolls, marine life viewing or walking your dog. Low quarterly maintenance fee INCLUDES building insurance (flood/wind/hazard), monthly exterminating and all grounds upkeep. Remote access private entry gate, waterfront pool, clubhouse and hot tub. Solid CBS/concrete construction. Enjoy Key West living in a tropical environment with an ''aquarium in your backyard''. Plentiful guest parking and spaces for your kayak, bicycle and scooter. For your peace of mind, impact shutters cover all windows and doors for a true LOCK IT AND LEAVE IT residence. Here, you can live the Key West resort style waterfront life in a maintenance free condo away from the crowds and yet just 4 miles to popular Duval street. This well maintained condo is sold furnished and available now. Friendly Sunset Marina is one of Key West's best kept secrets. Boat slips are also available.

$1,295,000 Active

5607 College Road B302 KEY WEST, Florida

2 Beds 2 Baths 1,171 SqFt

Are You Looking for Commercial Property in the Florida Keys?

Use our site to search commercial real estate in Key West and all of the Florida Keys. Unlike the “big name” sites out there, our site is directly connected to our local MLS and is updated with new properties every HOUR. By creating a Property Manager account you can stay on top of the newest businesses that go up on the market and get Price Change alerts so you can stay ahead of other buyers and beat them to the best deals!
In the meantime, check out these 1-click searches:

Newest Key West Commercial Properties on the Market

One of a kind Investment & trophy property in Key Largo.This is a State of the Art security facility and very few properties comparable anywhere in the Keys. Property is leased & guaranteed by the Federal Government. Newly constructed in 2016, concrete building & interior improvements were designed and specially built for US Customs & Border Protection. This is their main office in Key Largo. Main property is fenced with private levered gate and secure with restricted access. Paved parking lot. Property totals 1.5 Acres with 1/2 acre of unbuildable hardwood hammock. 6,674 sf. building has 5,177 sf. of net leaseable area & is a concrete bunker. Poured CBS construction, Bullet proof windows, Kevlar lined walls, enhanced video surveillance, elevator, fully ADA compliant with full elevator. Propane Generator with automatic transfer backs up entire building.Full service lease started June, 2017, five years with one five year option. 2 years remain on existing term and then rent to be substantially increased for a new lease. This is a full service lease. Landlord responsible for certain maintenance & Tenant reimburses Landlord base rent and those operating costs.Tenant also pays Real Estate Taxes and Insurances. One could not replicate this building or its features in today's market.

$3,500,000 Active

101350 Overseas Highway KEY LARGO, Florida

2 Baths 6,674 SqFt

Tranquil ''Old Keys'' style marina nestled on a rare 1 + acre Oceanside lot with many possible uses! Deep water protected harbor with 18 large boat slips that can handle 50+ ft. yachts. Approach depth approx. 6 ft.+ at high tide with clearly marked channel. Successful Boat Rental Business with 17 Boats included in the sale. Lucrative Vacation Rental Business with (10) Aqua Lodges and 1 houseboat also included. Water, New 30 Amp and 50 Amp electric at each slip. Fuel dock, concrete building w/office, ship store, workshop, and garage/storage. 2 Outdoor Showers, 2 Bath houses with indoor showers, stalls, and dressing area. New Waste / Pump Out Station, and fuel station. An additional separate concrete building used for storage on North side of property. Private marina, Must call for an appointment and sign an NDA/CA for more information.

$9,750,000 Active

200 Treasure Harbor Drive ISLAMORADA, Florida

4 Baths 1,069 SqFt

Prime retail location on busy 300 block of Duval St. Good visibility in the 6 unit strip center located at the corner of Eaton St.Unit E is approx. 800 sf. and has been totally renovated including new flooring, ceilings, lighting and AC fixtures. Exterior of the entire building has been renovated as well. Private ADA compliant half bathroom. Ample customer and employee parking in the rear. Great mix of tenants including Wendy's, Kermits Key Lime Pie store, Nitro Ice Cream and Mystic Lobster Roll. Potential for retail or small restaurant. Tenants to pay their own Utilities incl. Electric, Water and Trash.Base rent is $80/sf. plus current NNN estimated at $24.50/sf. plus sales tax. Total rent is $104.50/yr x 800 sf. + $83,600/yr. or $6,966.67/mos. plus sales tax.Interior photo's coming soon.

$5,334 Active

335 Duval Street E KEY WEST, Florida

2 Baths 6,495 SqFt

Prime Commercial Investment property in the heart of Big Pine Key at MM 30. Commercial zoning allows for many other Commercial uses. Large lot is 20,150 sf. or just under 1/2 Acre. Good visibility with 120' of frontage on Overseas Hwy x 167' deep. There is some parking in the front of the property and within FDOT right of way. Also, large vacant land in rear of building for possible added income with parking, equipment storage or may be potential for additional building. Current CBS single story building is 3,200 sf. Formerly divided up into a 6 unit strip center it is currently fully occupied by 4 tenants. Each tenant is mos. to mos., or soon will be. Leases have been short term and tenants paying below market rents. First time on the market since current owner purchased property in 1977!

$1,150,000 Active

30200 Overseas Highway Big Pine, Florida

3,200 SqFt

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