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10 Best FL Beach Towns for Investment Properties in 2019

miami florida beach

Florida is known as a year-round vacation destination. Occupancy tends to be consistently high while the occupancy of northern competition is low. Owning an investment property in Florida can be a lucrative asset. You may be able to earn more bang for your buck by investing in a home in a beach town.  Check out the top 10 FL beach towns for investment properties in 2019.

1. Panama City Beach:
Median Listing Price: $325k | Estimated Rental Income: $20,000

Some of the best neighborhoods in or around Panama City Beach, Florida are Laguna Beach Estates, Gulf Lagoon Beach and Crescent Beach. Consider buying or renting a home in one of these popular neighborhoods.

2. Palm Coast:
Median Listing Price: $220k | Estimated Rental Income: $33,000

The city of Palm Coast consists of 14 neighborhoods. There are 2,937 homes for sale, ranging from $2.7K to $14.6M. Palm Coast has affordable coops and 1-bedroom listings.

3. Jacksonville:
Median Listing Price: $215k | Estimated Rental Income: $35,500

Jacksonville has a wide range of homes. In the city of Jacksonville, there are 177 neighborhoods. Mandarin has a median listing price of $385K, making it the most expensive neighborhood. Jacksonville Heights is the most affordable neighborhood, with a median listing price of $143K.

4. Navarre:
Median Listing Price: $260k | Estimated Rental Income: $39,000

Navarre, FL currently has 462 homes for sale, ranging from $17K to $14.5M. Navarre has affordable condos, townhomes, and 1-bedroom listings.

5. Kissimmee:
Median Listing Price: $224k | Estimated Rental Income: $20,500
Some of the best neighborhoods in or around Kissimmee, Florida are Buenaventura Lakes, Celebration and Solivita. Consider buying or renting a home in one of these popular neighborhoods.

6. Cape San Blas:
Median Listing Price: $224k | Estimated Rental Income: $66,500
This small city contains 3 neighborhoods. There are 624 homes for sale, ranging from $17.5K to $7.5M. In August 2019, the housing market in Cape San Blas, FL was a buyer’s market.

7. Cocoa Beach:
Median Listing Price: $360k | Estimated Rental Income: $30,50

A great selling point for a future tenant is the quality of the schools in the area. Cocoa Beach has above average schools. There are 8 schools in Cocoa Beach, FL. (3 elementary schools, 1 middle school, 2 high schools and 2 private & charter schools).

8. Fort Myers:
Median Listing Price: $199k | Estimated Rental Income: $24,000

There are 65 neighborhoods in Fort Myers. Verandah has a median listing price of $424.4K, making it the most expensive neighborhood. Villas is the most affordable neighborhood, with a median listing price of $159.9K.

9. Miami Beach:
Median Listing Price: $519k | Estimated Rental Income: $61,000

Some of the best neighborhoods in or around Miami Beach, Florida are Ocean Front, Flamingo-Lummus and North Shore.

10. Davenport:
Median Listing Price: $235k | Estimated Rental Income: $25,500

In August 2019, there was a healthy balance of buyers and sellers in the Davenport, FL housing market.

Contact us for more information on how to gain funding for investment properties.

*Source: https://www.coastalliving.com/homes/florida-vacation-rental-investment-cities

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