What is the rental yield in Florianópolis?

In short: The average rental yield in Florianópolis is 6.72% per year for 1-bedroom units and 4.77% per year for larger units, according to the FipeZap index. Combined with average appreciation of 9.44% per year, the total gross return on a well-located property can exceed 16% per year — placing Florianópolis among Brazil’s 5 most profitable cities.

What is rental yield (cap rate)

Rental yield, also called the cap rate, is the ratio between annual rent received and the property’s value:

Cap rate = (Monthly rent × 12) / Property value × 100

Example: a R$500,000 apartment renting for R$2,800/month → cap rate = (2,800 × 12) / 500,000 × 100 = 6.72% per year.

Yield by property type in Florianópolis

• 1 bedroom: ~6.72% per year (FipeZap) — the highest relative yield
• 2+ bedrooms: ~4.77% per year — proportionally higher purchase price
• Short-term rental: average accumulated yield of 14.3% per year over the last 5 years — but it demands more intensive management and has greater seasonality

Total return: rent + appreciation

The return on an investment property isn’t just rent — it’s also the appreciation of the asset:

• Annual rent: ~6.72% (1 bedroom) or 4.77% (2+ bedrooms)
• 12-month appreciation: +9.44% in Florianópolis (FipeZap)
• Estimated total gross return: 14–16% per year

This return is gross — before deducting vacancy, maintenance, condo fees during vacancy, property tax (IPTU), and the property management fee.

What reduces the net return

• Vacancy: a property with no tenant — in Florianópolis, estimated at 3–5% per year for well-priced properties; even lower near UFSC
• Maintenance: budget 0.5–1% of the property’s value per year for repairs and upkeep
• Condo fees (during vacancy): while there’s no tenant, the landlord pays the regular condo fee
• Management fee: agencies typically charge around 10% of monthly rent for full-service management

After these deductions, net rental return in Florianópolis lands around 5–6% per year — still above the national average.

Best property profiles for rental income in Florianópolis

• 1 bedroom, Greater Trindade area: highest cap rate, target audience of students and young professionals — consistently high occupancy
• 2 bedrooms, Córrego Grande or Itacorubi: mid-range price point, good liquidity, demand from families near UFSC
• Studio near UFSC: minimal vacancy, but a competitive market

Rental management with Regente

Regente offers full-service management of your rental property: rigorous tenant screening (background and SPC/Serasa check), lease formalization, inspection report, maintenance coordination, and monthly payouts. The investor receives the income without having to manage day-to-day operations.

Related questions

• Is it worth investing in real estate in Florianópolis?
• How do I calculate the return on a rental property?
• Which Florianópolis neighborhoods appreciate the most?
• Real estate or REITs (FIIs): which is the better investment?

Want to find the right investment property in Florianópolis? Talk to Regente.