re: Orange Beach Condo Ownership

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What is the average cap. rate for these condos one should expect?

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This all depends on the particular unit, if you are financing, when you buy, and when you sell etc. As said retail market is high right now compared to rents.

But generally anything from 1.5-6.5% is common with something in the 2.5-3.5% being most normal.

The problem is that most aren't just looking for a return. They are looking for a combination of return and personal preferences.