Feb 05

Where Investors Are Targeting with Rentals

Where Investors Are Targeting with Rentals

Where Investors Are Targeting with Rentals. Image courtesy of hyena reality / FreeDigitalPhotos.net

Where Investors Are Targeting with Rentals. Image courtesy of hyena reality / FreeDigitalPhotos.net

Where are the biggest increases in rental rates likely to occur this year? Georgia, Maryland, Virginia, and Michigan may offer some of the highest returns for investors, according to a new analysis by RealtyTrac, which recently analyzed the markets most likely to offer the best returns in buying residential rental properties in the first quarter of 2015.

“With home ownership rates at their lowest level in 20 years, historically low levels of housing starts and relatively low home prices in many parts of the country, there is still plenty of opportunity in the U.S. housing market for single family rental investors employing a variety of investing strategies,” says Daren Blomquist, vice president at RealtyTrac. “Whether focusing on markets where home ownership-shy Millennials are migrating, markets where recovering Gen X home owners-turned-renters are prevalent, or markets Baby Boomers are testing for retirement, investors can find good options with solid potential rental returns.”

Best Markets for Overall Rental Returns

RealtyTrac analyzed median sales prices for single-family homes and condos and average fair market rents for three-bedroom properties, along with unemployment rates and demographic trends, among 516 U.S. counties. RealtyTrac found the following markets had the highest overall potential rental returns for the first quarter of this year:

  1. Clayton County, Ga. (Atlanta metro area)
  2. Bibb County, Ga. (Macon, Ga. metro)
  3. Baltimore City, Md. (Baltimore-Towson, Md. area)
  4. Richmond City, Va.
  5. Wayne County, Mich.

Best Markets for Renting to Millennials

RealtyTrac analyzed where the millennial share of the population was above the national average and where potential annual returns on residential properties were 9 percent or higher. It identified the following millennial markets as having the highest annual rental returns:

  1. Baltimore City, Md.
  2. Richmond City, Va.
  3. Philadelphia County, Pa.
  4. Wyandotte County, Kan.
  5. Richmond County, Ga.

Best Markets for Renting to GenXers

  1. Atlanta
  2. Chicago
  3. Jacksonville, Fla.
  4. Little Rock, Ark.
  5. Orlando

Best Counties for Renting to Baby Boomers

  1. Tampa, Fla.
  2. Ocala, Fla.
  3. East Stroudsburg, Penn.
  4. Homosassa Springs, N.Y.
  5. Binghamton, N.Y.

Source: “RealtyTrac Ranks Best U.S. Markets for Buying Residential Rental Properties in First Quarter of 2015,” RealtyTrac (Jan. 29, 2015)

admin

For all of your Real Estate needs, place yourself in the competent hands of a career Realtor who is a Philadelphia native and Delaware County resident. Skilled, smart and enthusiastic about his work and his life, Anthony DiDonato has the appealing combination of business sense and people skills gives him an edge in an industry that demands both.

Educated at Drexel University with a dual major in accounting and finance and minors in management and psychology Anthony DiDonato offers over 25 years of experience in the real estate industry. He has been a real estate investor since 1985 and a member of H.A.P.C.O. (Landlord Association). He became a licensed Realtor in 1992 and a member of the Local, Pennsylvania and National Associations of Realtors. Anthony DiDonato is also a member of the Computerized Multiple Listings, (MLS) and Internet Marketing Programs. In 1997 Anthony DiDonato became Century 21 All-Elite, Inc. Corporate Secretary.

Anthony DiDonato believes in taking his profession to the highest level of quality service. He is known for finding that “perfect” property in Philadelphia, Delaware County, Chester County, Montgomery County and surrounding areas in Pennsylvania for his buyers and helping his sellers prepare their properties so they sell quickly and efficiently.

When it comes time to negotiate the terms of a contract, Anthony DiDonato has the knowledge, experience, and professionalism applied to meeting – or exceeding – his clients’ expectations. His service to his clients is second to none. His honesty and integrity have been his claim to fame.

For Superior Real Estate Representation in the Delaware Valley, Philadelphia, Delaware County, Chester County, Montgomery County and surrounding areas in Pennsylvania… call Anthony DiDonato.