Airdeed, a Zillow Competitor, has released a report analyzing over 1000 long-term rental properties for sale to identify the top states and cities for real estate investors. The report focuses on long-term rentals and excludes Airbnb properties, with properties having less than a 10% gross revenue to list price ratio being excluded. The analysis includes all property types, including apartment units, condos, single-family homes, and multi-family units.
The report identifies the top ten states for long-term rental investment properties: Ohio, Michigan, Alabama, Florida, Texas, Louisiana, Georgia, Illinois, Tennessee, and Missouri. These states have the highest number of rental properties generating over 10% gross revenue to list price ratio.
The top ten cities with the highest gross revenue returns are Cleveland, Detroit, Birmingham, Memphis, St Louis, Dallas, Lubbock, Akron, Lake Charles, and Milwaukee. These cities have the highest number of rental properties generating over 10% gross revenue to list price ratio.
The report also provides valuable tips for buying investment properties, including researching neighborhoods and locations, checking the home’s condition, and reviewing additional costs associated with the home.
Overall, the report highlights the wealth building rental opportunities available for real estate investors in the top states and cities identified by Airdeed. Real estate investors seeking long-term rental properties should consider investing in these areas to maximize their returns.
Full Report: Best Cities And States For Investment Properties