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Port Charlotte Market Report
An up-and-coming area with a growing economy, Port Charlotte offers a very attractive cost of living for new residents. It’s located close to some of the most popular tourist areas in Southwest Florida. During spring training, many MLB teams are found throughout the area, making it a very popular destination.
Found between Fort Myers and Sarasota, Port Charlotte offers over 165 miles of waterways and easy access to the Charlotte Harbor and the Gulf of Mexico. It’s known for the outdoor activities including hiking, boating, fishing, golfing, and more.
Port Charlotte is also home to the Tampa Bay Rays spring training facility called the Charlotte Sports Park. This active community attracts many new residents every year making it a prime location for real estate investors.
Rental Potential in Port Charlotte
The high growth potential of Port Charlotte is an attractive quality for investors. Job growth is expected to be close to 39% over the next ten years. In addition, nearly 40% of Port Charlotte residents are renters.
Investment properties are rather affordable throughout the area making a buy and hold strategy a good choice. As an investor, finding the right location makes a difference. Port Charlotte is a growing community with an affordable real estate market. It’s a prime location for a high return on investment.
Build-to-Rent Projects in Port Charlotte
At Southern Impression Homes, we offer build-to-rent projects throughout Port Charlotte. Our projects are designed to attract high-quality tenants and offer long-term growth for investors. We use popular finishes, such as stainless-steel appliances and vinyl plank flooring. With the right design, location, and a dedicated staff to manage your properties, investing in a build-to-rent project with us offers many benefits.
Compared to a turnkey home, you’ll gain a lower vacancy rate, lower maintenance costs, and lower tenant turnover costs. Our build-to-rent projects even offer a higher rental growth rate.
