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 |
ZIP 00919, located within the San Juan-Guaynabo, PR HUD Metro FMR Area, presents itself as a cash-flow anchor within a Section 8 portfolio strategy. The Fair Market Rent (FMR) for ZIP 00919 in fiscal year 2024 is set at $670. This figure serves as a benchmark for rental income that can be reliably expected from properties participating in the Section 8 program within this area.
The role of a cash-flow anchor is to provide consistent and stable rental income. Given the specific FMR of $670, landlords can plan their budgets around this guaranteed income level, which is particularly useful in an environment where market rents and home values are not readily available. This stability is crucial for portfolio management, especially when dealing with government-subsidized programs like Section 8, where rent levels are fixed and less susceptible to market fluctuations.
While data on market rents and median home values are currently unavailable for ZIP 00919, the reliance on FMR ensures that landlords receive a steady stream of income. This predictability allows for better financial planning and can act as a buffer against economic downturns or periods of low demand in the private rental market. Additionally, the lack of information regarding median income and the percentage of renters suggests that this ZIP code may have a unique demographic profile that could benefit from the stability offered by Section 8 rentals.
In summary, ZIP 00919 should be considered as a cash-flow anchor within a Section 8 portfolio strategy. Its defined FMR of $670 provides a reliable basis for rental income, which is essential for maintaining financial stability and achieving long-term investment goals in real estate.
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.