An income property in Cape Coral or Orlando, FL?

[Michelle Gao]

Hi everyone, I'm new to BP and have been reading and learning. But I didn't find a direct answer for the "action" I'm going to take.

I'm looking to purchase a rental property in the price range of $100K to $200K. I narrowed my area to Cape Coral and Orlando after some homework. I plan to buy a SFH for the reason of better appreciation and easier management (I'm out of ares so would need a PM). Now for a house on the water in Cape Coral of 20-year old, 1800sf; and a new construction in Orlando, 2500sf; they are both around $200K, rents for $1500/month. Can somebody give me some suggestion on which area is better in terms of appreciation / maintenance cost/ taxes and insurance fees?

Or those numbers don't make sense at all that I need to replan the whole thing?

BP is such a warm community that I'm even not afraid to bring out my "low return" investment plan. My goal is to slowly build a stable income. Am I looking at the right areas/houses?