This is an essential question and it is important to understand that tenants have one idea as to what they are willing to pay and can afford, and property owners have another idea as to what they would like to have as an income. Realistically, it depends on several factors.  In general, most homes in and around Belize are currently renting for about 0.5% to 0.8% of the home's market sales value.

As a general consideration, the more expensive your home is, the lower the ratio of sales to rent value. For example, a $120,000 three bedroom home may rent anywhere from $800 to $1,200 per month in Belize depending on the neighborhood, the competition and the condition of the home.  Whereas, a home valued around $240,000 may only rent for $1,400 to $1,700. This is a much generalized range but will in fact hold true in most instances.

The most important thing to know is that the rental market is indifferent to your mortgage payment amount. The rental market does not care that you might have a negative cash flow, and will punish with extended vacancy owners who overprice their rental homes. When you hire us, we will look at the rental market in your particular area, survey the competing homes, and make sure your home is priced so that it will be viewed favorably against the competition.