Top 10 markets to buy a rental property

mom pop real estate witchita falls texas
For sale: This Wichita Falls home is listed for $89,900. 
 
  • Median home price: $84,000
  • Median rent: $938
  • Return on investment*: 13.4%

Mom-and-pop investors who buy properties in this North Texas prairie region and rent them out are seeing double-digit returns on their investments, according to a report from RealtyTrac.

Much of the economy relies on oil production and farming. Homes are cheap and rents — at a median of $940 a month — are pretty lucrative.

Related: Best home deals in the Best Places to Live

The nearby Sheppard Air Force Base helps. It not only accounts for 20% to 25% of the area’s economic activity, but supplies a steady stream of renters. “Many of the service members know that they’re only going to stay three or four years and they choose to rent,” said Danny Steed, a local real estate broker.

A good example of the homes in the area is this nearly 1,700 square-foot brick home in Wichita Falls, which was recently listed for just $89,900.

For further information: Trulia

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About PortlandHouseListings.com - Tom Ramsey, local Realtor

Local Portland Realtor with 10 years experience specializing in residential sales and investment property. Tom Ramsey Oregon Real Estate Principal Broker John L Scott Real Estate Phone: 503-481-0501 tomramsey1@gmail.com www.PortlandHouseListings.com
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