RealtyTrac recently released a study revealing some of the best markets for highest returns when becoming a rental-housing landlord of single-family homes. The following 10 markets emerged on top of its list:
1. Memphis, Tenn.
Median sales price of a 3-bedroom home: $72,605
Average rent for a 3-bedroom home: $1,047
2. Saginaw, Mich.
Median sales price: $63,240
Average rent: $907
3. Toledo, Ohio
Median sales price: $67,617
Average rent: $963
4. Ocala, Fla.
Median sales price: $75,357
Average rent: $1,070
5. Las Vegas
Median sales price: $115,000
Average rent: $1,575
6. Palm Bay, Fla.
Median sales price: $91,950
Average rent: $1,248
7. Atlanta
Median sales price: $84,000
Average rent: $1,132
8. Jacksonville, Fla.
Median sales price: $90,000
Average rent: $1,198
9. Deltona, Fla.
Median sales price: $94,000
Average rent: $1,225
10. Springfield, Mo.
Median sales price: $75,102
Average rent: $969
The author of this article is: realtormag.realtor.org
See the original post at: http://realtormag.realtor.org/daily-news/2013/04/15/10-top-markets-for-investor-buyers
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