Want to buy an affordable rental property? HomeUnion, an online real estate investment management firm, has just released its latest list of the top 10 U.S. markets for affordable rental properties.
“Like any other investment, the focus for SFR investors should be on long-term rate of return, and each of the markets on this list has favorable rental yields, low-cost entry points and solid, long-term economic fundamentals,” said HomeUnion CEO Don Ganguly. “Natrually, macro-economic factors such as low homeownership rates are quite favorable for SFR investing, but real estate is still all about location and finding accessible markets that have low entry points, like Cincinnati and Birmingham, or high gross rental yields, like Milwaukee.”
To create the list, HomeUnion looked at non-owner occupied properties and considered a combination of year-over-year job growth, median prices of investment properties, housing affordability and gross rental yield.
Charlotte, N.C., topped the list. It had the highest job growth of any of HomeUnion’s top 10 city, and the third-best job-growth rate of the top 55 U.S. metro areas.
HomeUnion’s top SFR investment markets
1.Nashville-Davidson-Murfreesboro-Franklin, Tennessee
2.Milwaukee-Waukesha-West Allis, Wisconsin
3.Indianapolis-Carmel-Anderson, Indiana
4.Tampa-St. Petersburg-Clearwater, Florida
5.Birmingham-Hoover, Alabama
6.Jacksonville, Florida
7.Cincinnati, Ohio-Kentucky-Indiana
8.Baltimore-Columbia-Towson, Maryland
9.Orlando-Kissimmee-Sanford, Florida
10.Charlotte-Concord-Gastonia, North Carolina-South Carolina
MPA
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- GTA, Ontario, Canada
- A New Sales Record Has Been Achieved By The Jackie Goodlet Team Who Work Out Of The Whitby Office And Specializes In High End Resale And New Home Sales. According To Broker Dave Pearce The Jackie Goodlet Team Wrote More Transactions Than Anyone Else In The 30 Year History Of Our Firm. Their 255 Transactions Had A Total Volume Of More Than $185,000,000 (185 Million). With Over 25 Years Experience In The Business The Jackie Goodlet Team Has Acquired A Wealth Of Knowledge In All Areas Of Real Estate Including Resale, New Builds, Cottages, Lease, Condos, Vacant Land, Investment And Commercial Properties. With Exceptional Negotiating Skills We Are Confident We Can Save You Time And Money On All Your Real Estate Endeavours. We Look Forward To Hearing From You And Your Referrals Are Always Welcome And Rewarded!
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