"Skip California and head to Florida ? that is, if you want to buy a single-family home and rent it out for profit.
According to a study released Thursday by RealtyTrac, if you want to make hefty profits in the rental market, you?d better steer clear of buying properties in certain areas of the country. Of the 10 counties with the worst rental returns, five were in California and three in New York.
Meanwhile a number of markets in Florida and Georgia have high gross annual rental yields at 20% and above. In many of these markets, you?ll find ?the perfect storm for buying rental property,? says Blomquist, as home prices are still recovering in the area (which means you can still buy real estate cheaply), and there?s strong rental demand, as many people who were foreclosed upon are now renting themselves and retirees are flocking to these areas (many of whom rent before buying)."
http://www.marketwatch.com/story/10-rental-markets-with-the-worst-returns-2014-10-02
There is a chart of the worst and best return rental market. Edgecombe, NC has an annual gross yield of 41.57%
According to a study released Thursday by RealtyTrac, if you want to make hefty profits in the rental market, you?d better steer clear of buying properties in certain areas of the country. Of the 10 counties with the worst rental returns, five were in California and three in New York.
Meanwhile a number of markets in Florida and Georgia have high gross annual rental yields at 20% and above. In many of these markets, you?ll find ?the perfect storm for buying rental property,? says Blomquist, as home prices are still recovering in the area (which means you can still buy real estate cheaply), and there?s strong rental demand, as many people who were foreclosed upon are now renting themselves and retirees are flocking to these areas (many of whom rent before buying)."
http://www.marketwatch.com/story/10-rental-markets-with-the-worst-returns-2014-10-02
There is a chart of the worst and best return rental market. Edgecombe, NC has an annual gross yield of 41.57%