Long term hold in Lake Nona, Orlando

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Tyler GibsonBusiness Member
Real Estate Agent · Orlando, FL · Member since 2017 · 1k+ posts · 2k+ votes
3y
Quote from @Fab Ragh:

Interested in hearing some insight and expectations on a long term hold for Lake Nona area and that surrounding. 


 Lake Nona will have high rents and great appreciation. However purchase prices in the area will make it challenging to cash flow. If you're more interested in a appreciation play then Lake Nona can be a great place to invest.

[email protected]407-590-9858
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  • Tyler GibsonBusiness Member
    Real Estate Agent · Orlando, FL · Member since 2017 · 1k+ posts · 2k+ votes
    3y
    Quote from @Fab Ragh:

    Interested in hearing some insight and expectations on a long term hold for Lake Nona area and that surrounding. 


     Lake Nona will have high rents and great appreciation. However purchase prices in the area will make it challenging to cash flow. If you're more interested in a appreciation play then Lake Nona can be a great place to invest.

    [email protected]407-590-9858
    GPG Team 598 Reviews
    WebsiteView Page
    3Reply
  • Shawn McCormickPro Member
    Realtor · Central Florida-Orlando · Member since 2014 · 1k+ posts · 892 votes
    3y

    @Fab Ragh Lake Nona is a really great place to live and work. Investing can be a little tougher. Although it has everything you would want in a rental (young professionals, families, great schools, brand new retail, convenience to highways/airport/disney etc). The cost of entry will likely prohibit you from being able to cash flow monthly. Most of the area is new within the last 6-8 years, so cap-x should be low and tenant quality should be higher than average and there is still plenty of growth.

    You could move a little south into Saint Cloud and still find some better deals, but with that comes less of the above benefits. Long term appreciation will be good. Possibly look into mid term rentals as there will be a ton of corporate training, traveling medical professional and trades like engineers that will need that type of flexibility. 

    Best of luck!

    2Reply
  • Fab Ragh
    OP
    Rental Property Investor · Bronx, NY · Member since 2019 · 46 posts · 6 votes
    3y

     @Shawn McCormick@Tyler Gibson
     planning on going for the appreciation more than the cash flow.

    0Reply
  • John O'LearyPro Member
    Lender · Winter Park, FL · Member since 2021 · 738 posts · 412 votes
    3y
    1. Hey Fab,
    2. @Shawn McCormick makes a point on the debt service ratios due to price points and interest rates but because of his other points " it has everything you would want in a rental (young professionals, families, great schools, brand new retail, convenience to highways/airport/disney etc" This can help to drive up property values, which can increase the potential for long-term appreciation and profits as you mentioned as your comments. Its has been and will continue to be a rapidly growing/developing area with new homes, businesses, and infrastructure projects being built regularly. We have a lot of clients investing in the Lake Nona, and surrounding areas.
    3. Good Luck!
    [email protected]800-663-4122
    0Reply
  • Vimal Patel
    Property Manager · Orlando · Member since 2019 · 2 posts · 0 votes
    3y

    I bought my first rental in lake nona, closing july first

    longterm appreciation, breakeven cash flow.


    Lake nona has potential,and area is good for easier managment.

    wish me luck guys! excited to start my first investment

    580k - 160k down 6.5 rate.

    0Reply
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