5 best and worst rental return markets
Looking to make some extra cash?
Home prices have increased year-over-year for two years straight and do not show any signs of slowing down, the latest CoreLogic report revealed. So how does this impact the rental community and investors?
While strong cash-flowing rentals are in many U.S. markets, rising home prices are slowly put a dent in the value.
This follow a strong rise in demand for REO-to-rental securitization.
RealtyTrac composed a list of the 5 best and worst markets for rental returns.
The list was created by taking the 2014 fair market rent for a three-bedroom home multiplied by 12 months and then dividing that 12-month total by the median sales price of residential properties in the county.
Here is what they came up with: