best cash flowing areas in sw fl

[Andy Pillinger]

Hello all,

In the next few months i am coming into some cash and have been trailing through towns and cities in FL to try and work out which locations would provide the best cashflowing properties in areas that have low crime and half decent schools. I only want to buy newer properties say 2003 and newer. one of the places i have been looking at is Cape Coral estero etc. It would be nice to hear where people are investing currently. For instance should i be looking at larger cities like Tampa or Fort Lauderdale.

Any advise would be appreciated to point in the right direction. Many thanks and go Hawks!

Andy

[Peter Davis]

Hi Andy,

I live in Cape Coral and am a Realtor here as well.  There's a huge demand for rentals here, especially now that we're in season.  I get calls in my office all the time for both seasonal and annual rentals and there's just not a lot out there.  I could easily rent my own 3/2 pool home in a B neighborhood for $1500/month on an annual basis.  Cape has seen double digit value increases over the last three years, but is still a great value.  There are good opportunities for rental homes under $150K. Good schools, low crime, great boating community with the canals and gulf access, and it's being discovered by Europeans, Canadians and the northern folks like me.  Go Pats!  (sorry, had to throw that one in there).

Peter