Morgan Stanley analyst Oliver Chang recently declared that 2012 will be “The Year of the Landlord.” Chang further elaborated that “Rents are rising, vacancies are falling, household formations are growing and rental supply is limited,” the Morgan Stanley report stated. “We believe the demand for rental properties will continue to grow.”
One of the most interesting markets for owning income property in Southwest Florida is Cape Coral. This city of 155,000 is located just across the Caloosahatchee River from Fort Myers. Cape Coral is widely recognized for having affordable property and more importantly from an investor perspective, ones that can generate positive cash flow.
One of the more popular income property options in Cape Coral is a duplex configured with either two or three bedrooms and 2 baths per side. Some investors elect to live in one side and rent out the other, while others rent out bout sides of the property. Configurations with three (triplex) four (quadplex) and more units are also currently available in Cape Coral. Here is a resource to view active Cape Coral income property listings.