Whether you wish to start investing in long term rental properties or short term rental properties this year, you need to find the best real estate markets to do so.
These real estate markets will have a thriving economy, job growth, and population growth to ensure high demand for long term rental properties. When it comes to short term rental properties, tourism is key.
For more information on what makes for the best place to invest in real estate rental properties, read: The Best Cities to Invest in Rental Properties 2018.
To save real estate investors the trouble of looking for these real estate markets, Mashvisor’s investment property calculator can show investors the best cities to invest in rental properties 2018. Below is a list of these cities based on a good return on investment for rental properties.
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The Best Cities to Buy Rental Properties for 2018: Long Term Rental Properties
Columbus, OH – Indianola Terrace
- Median Property Price: $149,900
- Traditional Rental Income: $1,554
- Traditional Cash on Cash Return: 6.1%
- Traditional Cap Rate: 6.1%
Related: Now Is the Time to Invest in Airbnb Columbus, Ohio
Denver, CO – Montbello
- Median Property Price: $310,000
- Traditional Rental Income: $2,898
- Traditional Cash on Cash Return: 6.95%
- Traditional Cap Rate: 6.95%
Baltimore, MD – Pleasant View Gardens
- Median Property Price: $148,900
- Traditional Rental Income: $1,813
- Traditional Cash on Cash Return: 7.29%
- Traditional Cap Rate: 7.29%
Baltimore, MD – Heritage Crossing
- Median Property Price: $132,500
- Traditional Rental Income: $1,507
- Traditional Cash on Cash Return: 6.21%
- Traditional Cap Rate: 6.21%
Related: Baltimore Real Estate Market 2018: Why and Where to Invest
- Median Property Price: $592,500
- Traditional Rental Income: $3,319
- Traditional Cash on Cash Return: 6.72%
- Traditional Cap Rate: 6.72%
Anaheim, CA – Platinum Triangle
- Median Property Price: $139,500
- Traditional Rental Income: $2,257
- Traditional Cash on Cash Return: 12.25%
- Traditional Cap Rate: 12.25%
The Best Cities to Buy Rental Properties for 2018: Short Term Rental Properties
Nashville, TN – East Nashville Block Club
- Median Property Price: $286,250
- Airbnb Rental Income: $3,612
- Airbnb Cash on Cash Return: 10.02%
- Airbnb Cap Rate: 10.02%
- Airbnb Occupancy Rate: 62.60%
- Median Property Price: $115,000
- Airbnb Rental Income: $2,266
- Airbnb Cash on Cash Return: 11.72%
- Airbnb Cap Rate: 11.72%
- Airbnb Occupancy Rate: 55.64%
Kansas City, MO – Volker
- Median Property Price: $330,000
- Airbnb Rental Income: $4,101
- Airbnb Cash on Cash Return: 9.85%
- Airbnb Cap Rate: 9.85%
- Airbnb Occupancy Rate: 55.31%
Fort Lauderdale, FL – Oak River Homeowners
- Median Property Price: $259,750
- Airbnb Rental Income: $2,974
- Airbnb Cash on Cash Return: 8.33%
- Airbnb Cap Rate: 8.33%
- Airbnb Occupancy Rate: 51.55%
Fort Lauderdale, FL – Poinsettia Heights
- Median Property Price: $435,000
- Airbnb Rental Income: $5,102
- Airbnb Cash on Cash Return: 8.09%
- Airbnb Cap Rate: 8.09%
- Airbnb Occupancy Rate: 58.07%
Fort Lauderdale, FL – Chula Vista
- Median Property Price: $297,500
- Airbnb Rental Income: $3,567
- Airbnb Cash on Cash Return: 8.48%
- Airbnb Cap Rate: 8.48%
- Airbnb Occupancy Rate: 46.86%
To start looking for and analyzing the best investment properties in your city and neighborhood of choice, click here.
If you find an investment property in any one of these cities, you’re sure to start making money in real estate. After all, successful real estate investing starts with a great location!
