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Updated over 4 years ago on . Most recent reply

Mary Frangakis's profile image
Mary Frangakis's profile image
Mary Frangakis
  • Member since May 2, 2020
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Mary Frangakis's profile image
Mary Frangakis's profile image
Mary Frangakis
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Mary Frangakis
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General Landlording & Rental Properties

Rental Market in Melbourne, FL — Condo or SFH renting better?

Mary Frangakis
Posted

Hi, I’m a new out-of-state investor interested in investing and holding for cash flow in the Melbourne, FL area. I’d welcome any advice on what properties are renting best there — condos vs. single family homes, for example — and occupancy rates.  Thanks!

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Kim Meredith Hampton's profile image
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Kim Meredith Hampton
  • Real Estate Broker
  • from St Petersburg
  • Member since Aug 25, 2014
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Kim Meredith Hampton's profile image
Kim Meredith Hampton's profile image
Kim Meredith Hampton
  • Real Estate Broker
  • from St Petersburg
  • Member since Aug 25, 2014
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Kim Meredith Hampton
  • Real Estate Broker
  • St Petersburg
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Kim Meredith Hampton
  • Real Estate Broker
  • St Petersburg
Replied

@Mary Frangakis, both are doing well, but I find that Single Family do much better in Brevard, especially given this pandemic. That $1200 to $1500 rental range are the sweet spot on homes. 

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Engel & Völkers | St. Pete
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