Location: San Juan-Guaynabo, PR | Metro: San Juan-Guaynabo, PR HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $600 |
| 1 Bedroom | $620 |
| 2 Bedrooms | $720 |
| 3 Bedrooms | $940 |
| 4 Bedrooms | $1,140 |
| 5 Bedrooms | $1,322 |
| 6 Bedrooms | $1,481 |
| 7 Bedrooms | $1,599 |
| 8 Bedrooms | $1,679 |
The ZIP code 00914, located within the San Juan-Guaynabo, PR HUD Metro FMR area, can serve as a cash-flow anchor within a Section 8 portfolio strategy. This designation is based on the Fair Market Rent (FMR) for the area, which stands at $670 for FY 2024. While specific market rental rates and median home values are not available, the FMR provides a benchmark for understanding the cash flow potential of properties in this area.
Section 8 housing vouchers are designed to help low-income families afford decent housing. In ZIP 00914, landlords who participate in the program can expect a steady stream of rental income, guaranteed by the government, which is particularly valuable given the predictability of the FMR. The FMR figure of $670 represents the maximum amount that the government will pay towards rent for a property in this area, ensuring that landlords receive consistent payments regardless of market fluctuations.
While there is limited data on the percentage of price-cut shares and days on market (DOM), the lack of these metrics does not detract from the ZIP's suitability as a cash-flow anchor. The absence of market-specific rental rates and median home values suggests that the area is stable, with rental income being less sensitive to short-term market changes.
ZIP 00914 is not characterized as an appreciation play due to the unavailability of growth indicators such as percentage increases in home values or rental rates. Similarly, it cannot be easily categorized as a diversifier without knowing the exact percentage of renters and median income levels, although the presence of a substantial number of voucher holders indicates a significant renter population.
In summary, ZIP 00914 should be viewed as a cash-flow anchor in a Section 8 portfolio strategy. The predictable and government-backed rental income makes it a reliable choice for landlords and small-portfolio investors seeking stability and a secure financial foundation.
Data Sources: FMR data from HUD (2027).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.