Investing in real estate can come with multiple benefits, but there is also the challenge of finding the the best areas for investors who are concerned with staying on budget. Realtor.com staffer Peter Ortiz reports on the list of the top 10 metros where buyers can get the biggest first-year rental return as landlords, assembled using data calculated by HomeUnion.
While three of the top 10 metros were found in Florida, a surprising market where an investor may want to put their money is Detroit:
The faded automotive manufacturing mecca of Detroit also turns out to be a great investment, according to the analysis. The city has been experiencing a resurgence of sorts as hip restaurants, shops, and entrepreneurs are flocking to the area. Yes, we know—you’ve heard this for a while. It’s really happening now.