2018's Hot Rental Property Markets In Cold Climates
Saw this on Forbes and while not really shocking or surprising..thought it was interesting.
Cleveland,OH comes up at the top of this list for "Investor Opportunity Rank" . Then Detroit, Columbus and Indianapolis.
At least from recent BP posts these markets do seem very hot for investors looking for cash flow.
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According to HouseCanary the top five cold climate markets offering the best rental investment opportunities during the first quarter, a traditionally slow buying time included; Cleveland, Detroit, Columbus, Ohio, Indianapolis and Pittsburgh. "These markets experience a seasonal slowdown yet still offer, “relatively high Effective Gross Yield (EGY) potential for investors, giving them an opportunity to "buy low and rent high,” notes Alex Villacorta, Executive Vice President of Analytics at HouseCanary who led the team that compiled the report.
House Canary’s Investor Opportunity Rankings show the following EGY for those five markets; Cleveland: 13.0%, Detroit:10.8%, Columbus:10.9%, Indianapolis: 12.1% and Pittsburgh:12.3%"
https://www.forbes.com/sites/ellenparis/2017/12/26/2018s-hot-rental-property-markets-in-cold-climates-for-investment-consideration-in-q1/#1956721b5811