Home to large cities such as Jacksonville, Miami, and Tampa, the Sunshine State is a great investment area. Florida is a diverse state with beaches, theme parks, universities, and a large retirement community. In fact, 40.3% of the Florida population is over 50, 5% more than the national average.
According to the U.S. Census Census Bureau, Florida is an affordable state, with a median home value of $215,300 in 2019. This enables over 65% of the population to own single-family homes. Low price points and high margins also make Florida attractive to rental investors.
And the Florida vacation rental market is booming. In their 2021 Vacation Home Counties Report, the NAR reported two Florida counties in the top ten hottest vacation markets nationwide. Lee County was the number one market in the country with 23% of all houses used as seasonal vacation homes. Located in Southwest Florida, Fort Myers and Cape Coral are among Lee County’s most popular destination spots.
We provide permanent mortgage finance on rented or rent ready real estate throughout Florida. Our loan programs are tailored to investors with:
The investment opportunities in Florida are plentiful. If you are a long-term rental investor, the Listing Real Estate Management firm recommends investing in:
Orlando: 46% of residents are renters, average rent is $1,420 per month
Tampa: Median household income is over $54k, average home price is $261k
Jacksonville: Average rent is $1,162 per month, average home price is $218k
Vacasa lists the hottest Florida vacation rental market in for 2021 are:
Kissimmee: 6.9% cap rate, $250,046 median sales price
Port St. Joe: 6.2% cap rate, $343,236 median sales price
Navarre: 6.1% cap rate, $382,392 median sales price
Panama City Beach: 5.6% cap rate, $289,757 median sales price
Amelia Island: 5.3% cap rate, $460,172 median sales price
Headquartered in Austin, Texas, Visio Lending has over a decade of experience in real estate and finance. We’ve originated over 1,000 loans in Florida totaling over $250M.
Visio's loans were designed with investors in mind, offering full 30-year terms and LTVs up to 80% on purchases and rate and term refinances, and LTVs up to 75% on cash-out refinances.
Our loan process is fast, simple, and dependable with no DTI calculations or personal financial statements.
Visio Lending is the nation's premier lender for buy and hold investors offering, long-term loans for SFR and commercial rental properties, including vacation rentals.
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