Investors May Want to Head South for Best Bargains
February 12, 2020
The South may offer the best chances of highest returns for investors this year, according to a new analysis from IPX1031, an exchange transaction firm. Texas, Tennessee, and Florida had the highest number of cities on its list.
IPX1031 examined home values and median rents across 310 cities with a population of 100,000 or more. The cities were ranked on five metrics: median home value, year-over-year home value growth, 10-year population growth, annual property tax, and annual return.
The 30 cities that topped its list for 2020 have seen investment properties increase 6% year over year and offered an average annual yield of $6,150 (that represents the potential profit after mortgage, property taxes, and homeowner’s insurance).
Updated: February 21, 2020