New Study Pinpoints Southeast for Best Investment Properties

Feb 18, 2020

Real estate investors on the prowl for residences to be transformed into rental properties should primarily concentrate on cities in the southeastern states, according to a new study from IPX1031, a Fidelity National Financial company.

In a study of more than 300 cities nationwide, the top five markets that were identified as being the best for investors were North Charleston, S.C. ($8,323 annual return), Winston-Salem, N.C. ($6,951 annual return), Chattanooga, Tenn. ($7,622 annual return), High Point, N.C. ($7,097 annual return) and Tuscaloosa, Ala. ($7,336 annual return)

“On average, home values on our list of the 30 best cities for investment properties have increased by six percent year-over-year,” said IPX1031 in its study. “These cities also offer an average annual yield of $6,150, which represents potential profit after mortgage, property taxes and homeowner’s insurance.”

The study also noted that eight Texas cities were included in its top 30 ranking, adding that their affordable home prices (an average of approximately $153,000) coupled with higher median rent prices could bring an average annual return of $5,700.

Real estate investors on the prowl for residences to be transformed into rental properties should primarily concentrate on cities in the southeastern states

About the author

Phil Hall

Link copied

Published

Feb 18, 2020

Industry News

DOJ Opens Criminal Investigation Into NY AG Letitia James Over Mortgage Fraud Claims

Investigation follows April referral by FHFA Director Bill Pulte; potential charges include wire, mail, and bank fraud

The U.S. Department of Justice (DOJ) has launched a formal criminal investigation into New York Attorney General Letitia James, according to multiple published news reports. The probe, which became public Thursday, May 8, follows an April referral from Federal Housing Fi...

Operations

Origination Volume Up, But Rocket Sees GAAP Net Loss Of $212M For Q1 2025

Company highlights strength of strategic acquisitions, integrations, product innovations as it furthers its mortgage ecosystem

In delivering its first-quarter 2025 earnings results, Rocket Companies — whose Rocket Mortgage unit is one of the nation’s top home loan lenders — pointed to the strength of its strategic acquisitions in its ongoing mortgage ecosystem-building, along with broker enhancement...