RealtyTrac: With institutional investors playing a major role in the home-buying market as they snagged tens of thousands of homes in 2012, RealtyTrac set to work to determine which markets still offer the best opportunities for investors intending to purchase single-family homes to rent.
Topping the list of top 20 markets were Memphis, Tennessee; Saginaw, Michigan; Toledo, Ohio; Ocala, Florida; and Las Vegas, Nevada.
These markets ranked the highest for cash purchase capitalization rate—the percentage of the purchase price accrued in net annual income. RealtyTrac observed these rates for three-bedroom homes in markets with at least 200,000 residents.
“Buying single family homes as rentals that actually generate good monthly cash flow has become more difficult over the past year as institutional investors crowded into the market,” said RealtyTrac VP, Daren Blomquist. See the top 20 markets ....
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