Indianapolis, Tampa, or Cape Coral-Fort Myers

[Won Y.]

Hello all, I am new to the real estate investment and wanted some help finding better market for mainly cash flow with appreciation opportunity. I am interested in these three cities: Indianapolis, Tampa, Cape Coral-Fort Myers. It would be greatly appreciated if someone could advise me if selected cities are good for what I am looking for and if so, how would these cities be ranked 1 through 3. Thank you all in advance. Won

[Eric Delcol]

Each of these markets have different macro economics, so depending on your focus one may suit you more than the other.

Indy - blue collar, stable job market
Tampa - white collar, middle class, military
Myers - retirees, vacationers

In terms of cashflow and appreciation I'd rank them like this-

Cashflow
1- Indy
2-Tampa
3-Myers

Appreciation
1-Myers
2-Tampa
3-Indy

Again, these are very broad strokes but may give you a starting point.