In which cities can you get the highest rents today, and yet still manage to get the lowest yields as a landlord?
San Francisco held on to it’s title for having the highest rents in the nation in February, according to a report from ApartmentList.com. You’d have to pay $4,800 to rent a two-bedroom apartment in the City by the Bay.
In second place was New York City, where you’d have to pay $4,450, which is about 10% less than San Francisco. Jersey City, right across from the Big Apple, came in 3rd place at $3,150, which is about 30% less than San Francisco.
To compare, the median rent on a two-bedroom apartment nationwide was $1,300 in February.
Other cities that made the top 10 list for highest rents were: Washington DC, Boston, San Jose, Los Angeles, Seattle, Chicago and Stamford, Connecticut.
But remember...what goes up, must come down when it comes to real estate that becomes so expensive, people can no longer afford it - especially when incomes haven’t kept up.
If you’re looking for cash flow property, at first glance, it may appear that cities with the highest rents may offer the best returns for landlords. But it’s actually the opposite.
RealtyTrac® just released its Q1 Single Family Rental Market Report, which ranks the best markets for buying residential rental properties in 2016.
According to the report, the counties with the lowest and highest annual gross rental yields (in other words, areas with the worst cash flow on rental properties) were...
Get the full transcript at www.NewsforInvestors.com
The post #039 – Cities with Highest Rents Have Lowest Yields for Buy & Hold Real Estate appeared first on Real Wealth Show | Real Estate Investing | Turnkey Rental Property | Cash Flow | Notes | Private Lending | Flipping | Wholesaling.