Orlando/Central, Florida
- The top employer in Orlando, Florida is Walt Disney World, which is a major theme park and resort complex that employs a large number of people in the area.
- The second largest employer in Orlando is the Orange County Public Schools system, which employs a significant number of teachers, administrators, and support staff.
- The third largest employer in Orlando is the Florida Hospital system, which is a major healthcare provider in the city.
- The fourth largest employer in Orlando is the University of Central Florida, which is a major research and educational institution in the area.
- The fifth largest employer in Orlando is the City of Orlando government, which employs a large number of people in various departments and agencies.
The presence of these large employers in Orlando can make it a good place to invest in real estate for several reasons. First, the tourism and healthcare industries are stable and likely to remain so in the future, providing a stable economic foundation for the city. Additionally, the presence of a major research university and government agencies can attract a highly educated workforce to the area, which can drive demand for housing. Overall, the strong economy and diverse range of industries in Orlando can make it a good location for real estate investment.
According to data from the Council for Community and Economic Research (C2ER), the cost of living in several cities in central Florida is lower than the national average. For example:
The cost of living index for Orlando, Florida is 96.6, which is lower than the national average of 100. This means that, on average, the prices of goods and services in Orlando are relatively lower compared to the national average.
The cost of living index for Kissimmee, Florida is 96.3, which is lower than the national average of 100. This means that, on average, the prices of goods and services in Kissimmee are relatively lower compared to the national average.
The cost of living index for Lakeland, Florida is 94.4, which is lower than the national average of 100. This means that, on average, the prices of goods and services in Lakeland are relatively lower compared to the national average.
The cost of living index for Citrus Springs is 92.3, which is lower than the national average of 100. This means that, on average, the prices of goods and services in Citrus Springs are relatively lower compared to the national average.
- Housing costs: According to data from Rocket Mortgage, the median home value in central Florida is $284,992, which is lower than the national median home value of $398,500. This means that, on average, housing costs in central Florida are relatively lower compared to the national average. https://www.rockethomes.com/real-estate-trends/fl/citrus-county
- Lower transportation costs: According to data from Numbeo, the cost of a monthly public transportation pass in central Florida is $40, which is lower than the national average of $70. Additionally, the cost of gasoline in central Florida is lower than the national average, with a gallon of regular unleaded gasoline costing an average of $3.02 in central Florida compared to $3.16 nationally. https://gasprices.aaa.com/
- Lower food costs: According to data from Numbeo, the cost of groceries in central Florida is 16% lower than the national average.
- Lower healthcare costs: According to data from the Kaiser Family Foundation, the average annual premium for employer-sponsored health insurance in central Florida is $6,312, which is lower than the national average of $7,188.
Florida Properties
Linda Lane, Auburndale, FL
| Purchase Price | Projected Rent | ||
|---|---|---|---|
| $304,900 | $2,250 | ||
| Bed | Bath | Square Ft | Yr Built |
| 4 | 2 | 1566 | 2022 |
| Avg Monthly Cash Flow | Avg Monthly Increase | ||
| 540.57 | $1,590.58 | ||
| Total Projected Profit on Sale | Avg Annual ROI | ||
| 196630.77 | 19.28 | ||
Newbury Street, Citrus Springs, FL
| Purchase Price | Projected Rent | ||
|---|---|---|---|
| $265,000 | $1,795 | ||
| Bed | Bath | Square Ft | Yr Built |
| 3 | 2 | 1425 | 2023 |
| Avg Monthly Cash Flow | Avg Monthly Increase | ||
| 260.48 | $1,210.15 | ||
| Total Projected Profit on Sale | Avg Annual ROI | ||
| 157709.84 | 17.74 | ||
59th Avenue Road, Ocala, FL
| Purchase Price | Projected Rent | ||
|---|---|---|---|
| $239,900 | $1,850 | ||
| Bed | Bath | Square Ft | Yr Built |
| 3 | 2 | 1331 | 2022 |
| Avg Monthly Cash Flow | Avg Monthly Increase | ||
| 478.94 | $1,280.20 | ||
| Total Projected Profit on Sale | Avg Annual ROI | ||
| 153624.04 | 19.01 | ||
29th Terrace Road, Ocala, FL
| Purchase Price | Projected Rent | ||
|---|---|---|---|
| $239,900 | $1,850 | ||
| Bed | Bath | Square Ft | Yr Built |
| 3 | 2 | 1331 | 2023 |
| Avg Monthly Cash Flow | Avg Monthly Increase | ||
| 444.31 | $1,243.01 | ||
| Total Projected Profit on Sale | Avg Annual ROI | ||
| 151408.46 | 18.53 | ||
