Rental Investments
Rental Investments
Rental Investments
Head to the Midwest or the East Coast for some of the biggest hotspots to cash in on a rental investment this year, according to a new analysis from TurboTenant, a property management tool. Overall, 31 cities from 20 states are featured in the report, which names the cities for the best rental investments in 2020. New York and Ohio tied for the most cities making the list, at three each.
“When identifying the top 31 cities, we looked for a positive ROI and high growth numbers across all data points,” says Sarnen Steinbarth, founder and CEO of TurboTenant. Researchers also factored in employment and population growth, increase in home values, and rental yield when identifying the top places for rental investments. Here are the top 10 metros to make the list:
Reading, Pa.
- Increase in home values: 11.1%
- Median sales price: $140,000
- Average rent (for a two-bedroom): $957
District Heights, Md.
- Increase in home values: 0.4%
- Median sales price: $252,000
- Average rent: $1,408
Allentown, Pa.
- Increase in home values: 19%
- Median sales price: $145,000
- Average rent: $1,063
East Orange, N.J.
- Increase in home values: 10%
- Median sales price: $273,000
- Average rent: $1,534
Nashua, N.H.
- Increase in home values: 4.5%
- Median sales price: $283,000
- Average rent: $1,524
Cincinnati
- Increase in home values: 3.1%
- Median sales price: $163,000
- Average rent: $1,048
Paterson, N.J.
- Increase in home values: 11.9%
- Median sales price: $268,000
- Average rent: $1,614
New Castle, Del.
- Increase in home values: 8%
- Median sales price: $188,000
- Average rent: $1,884
Rochester, N.Y.
- Increase in home values: 5.6%
- Median sales price: $136,000
- Average rent: $1,126
Hyattsville, Md.
- Increase in home values: 0.4%
- Median sales price: $279,000
- Average rent: $1,982
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.
