Investing in Oviedo On The Park, Oviedo FL

[Susanthi Kodali]

How is Oviedo On The Park community for townhouse rental? I saw that the area is quite developed, this is community one of the popular ones for rentals?

[Traci de Wid]

Hi Susanthi, I'm a Realtor and work with investors in the greater East/Northeast Orlando-Seminole county area. I also live in Oviedo. Oviedo on the Park is not a community I recommend to investors one main reason - the numbers don't line up!! Other related reasons include: 1) current mortgage rates mean most buyers are able to purchase a reasonable 3/2 SFH or nice townhome in Oviedo for the same (or less) money than the rate you would need to charge to make the numbers work; 2) the community is surrounded by luxury apartment rentals; and 3) not convinced there is enough of a 'pull' factor - the community is still relatively new.

If you (or someone you know) intended to purchase and live in it and then, in lieu of selling, try to rent the unit, well that would be a different story.  I don't mean to be too negative and of course, if you somehow could make the numbers work...well, this game is all about the numbers!  Don't hesitate to reach out to me if I can provide any additional info.