Top LocationsThe Best Cities to Buy Rental Property on the East Coast by Hamza Abdul-Samad December 13, 2017February 10, 2019 by Hamza Abdul-Samad December 13, 2017February 10, 2019The East Coast hosts many of the best cities to buy rental property in the US. Real estate investing in any of these top places is a great way to make money for any real estate investor. Once you’ve settled for one of these cities, be sure to use Mashvisor’s investment property calculator to facilitate your research. The investment property calculator will provide a detailed real estate market analysis and investment property analysis. So, without further ado, the best cities to buy rental property on the East Coast are Orlando, FL; Tampa-St. Petersburg, FL; Baltimore, MD; West Palm Beach, FL; Atlanta, GA; Jacksonville, FL; and Charlotte, NC.Orlando, FLMedian Property Price: $296,029Traditional Rental Income: $1,632Airbnb Rental Income: $771Traditional Cash on Cash Return: 2.43%Airbnb Cash on Cash Return: 2.12%Traditional Cap Rate: 2.43%Airbnb Cap Rate: 2.12%Orlando has continued to be a real estate investing powerhouse throughout recent years. It’s not hard to see why. Its population and economic excellence have propelled traditional real estate investments in the location. Also, its median investment property prices have remained affordable throughout the year, and are currently below the national average. Orlando real estate investing is also benefiting from the city’s top-notch tourism industry. After all, the city is often called the Theme Park Capital of the World.Although Orlando’s average Airbnb rental income is $771, it is still a spectacular city for Airbnb real estate investments. The average Airbnb rental income, based on Mashvisor’s real estate market analysis, is reduced due to two areas, Florida Center and College Park, that have low Airbnb rental income. All the other top places taken into the analysis have an Airbnb rental income of over $1,000 at the very least.Tampa-St. Petersburg, FLTampa:Median Property Price: $313,551Traditional Rental Income: $1,431Airbnb Rental Income: $1,744Traditional Cash on Cash Return: 2.06%Airbnb Cash on Cash Return: 4.74%Traditional Cap Rate: 2.06%Airbnb Cap Rate: 4.74%St. Petersburg:Median Property Price: $372,014Traditional Rental Income: $1,484Airbnb Rental Income: $1,512Traditional Cash on Cash Return: 2.18%Airbnb Cash on Cash Return: 2.7%Traditional Cap Rate: 2.18%Airbnb Cap Rate: 2.7%The Tampa-St. Petersburg area comes right after Orlando, both on this list of the best cities to buy rental property and as the top places for Florida real estate investments. The reasons are much of the same: great economy, raising population, and attractive tourism. Both Tampa and St. Petersburg offer high rental income for traditional and Airbnb investment properties. The area’s investment property prices hover around the national average. Unfortunately, these prices are expected to increase heading into next year. Therefore, a real estate investor should seriously contemplate investing in these two of the best cities to buy rental property right now.Related: Orlando and Tampa Are Key to Invest in Florida Real Estate Baltimore, MDMedian Property Price: $253,843Traditional Rental Income: $1,666Airbnb Rental Income: $1,972Traditional Cash on Cash Return: 5%Airbnb Cash on Cash Return: 7.01%Traditional Cap Rate: 5%Airbnb Cap Rate: 7.01%Baltimore is obviously not the most well-known of these best cities to buy rental property on the East Coast. Still, the city is a great choice to make money through investment properties. A prime reason why is its affordability. At around $250,000 for the median price of real estate investments, Baltimore is among the top places in the country in terms of affordability. Its high Airbnb rental income and ROI should also motivate investors to invest in the location.West Palm Beach, FLMedian Property Price: $336,954Traditional Rental Income: $2,189Airbnb Rental Income: $1,870Traditional Cash on Cash Return: 2.6%Airbnb Cash on Cash Return: 1.76%Traditional Cap Rate: 2.6%Airbnb Cap Rate: 1.76%Florida continues to dominate the list of best cities to buy rental property on the East Coast. Similar to the other Floridan cities on this list, West Palm Beach is high for both Airbnb and traditional rental income. The average cap rate and cash on cash return for investment properties may appear to be low for West Palm Beach, but remember that they are only averages. The CoC return and cap rate of an actual investment property in the city will most certainly be higher.Atlanta, GAMedian Property Price: $399,867Traditional Rental Income: $2,227Airbnb Rental Income: $1,318Traditional Cash on Cash Return: 3.89%Airbnb Cash on Cash Return: 2.97%Traditional Cap Rate: 3.89%Airbnb Cap Rate: 2.97%ATL is undoubtedly among the top places for East Coast real estate investing. And unlike most of the cities on this list, traditional investment properties are superior to Airbnb, on average, for an ATL real estate investor. Still, you can’t go wrong with an Airbnb property in Atlanta. After all, the city is among the top 10 tourist destinations in the US. Atlanta is among the best cities to buy rental property for traditional investments, as it’s a top 5 location Americans are moving to. Add being a cultural hub and having headquarters to many companies to the mix, and it’s easy to see why ATL is among the best cities to buy rental property.Related: Why You Should Invest in the Atlanta Real Estate Market NowJacksonville, FLMedian Property Price: $171,613Traditional Rental Income: $910Airbnb Rental Income: $956Traditional Cash on Cash Return: 2.74%Airbnb Cash on Cash Return: 3.34%Traditional Cap Rate: 2.74%Airbnb Cap Rate: 3.34%Jacksonville is the most affordable city on our list of the best cities to buy rental property. It is a top location in Florida itself for affordability and profitability. Jacksonville’s job market is also improving, attracting more people to the city and opening up more real estate investing opportunities. Appreciation is high in the city, making long-term strategies an excellent strategy to make money and capital gains.Charlotte, NCMedian Property Price: $395,593Traditional Rental Income: $1,753Airbnb Rental Income: $1,460Traditional Cash on Cash Return: 2.32%Airbnb Cash on Cash Return: 2.36%Traditional Cap Rate: 2.32%Airbnb Cap Rate: 2.36%Last, but definitely not least, on our list of the best cities to buy rental property is Charlotte. With many universities, a sturdy job market, and a growing population, the Queen City is among the top places to invest in real estate. Investment properties may be on the more expensive side of the list, but a real estate investor will likely find much success in Charlotte.Related: What You Need to Know About Charlotte Real EstateIf you’re looking to make money on the East Coast, these cities are where to go. For more on the best cities to buy rental property, a real estate market analysis, and an investment property analysis, head over to Mashvisor. Start Your Investment Property Search! START FREE TRIAL Start Your Investment Property Search! START FREE TRIAL Baltimore MDEast CoastOrlando FLSt. Petersburg FLTampa FLWest Palm Beach FL 0FacebookTwitterGoogle +PinterestLinkedin Hamza Abdul-SamadHamza is a long-time writer at Mashvisor. With a focus on real estate investing tips, concepts, and top investing locations, he aims to help all aspiring investors who come across his blogs to hit the bank with their investment property. Previous Post The Hottest Real Estate Investing Tool: The Cap Rate Calculator Next Post What Are the Challenges of Owning and Managing a Rental Property and How Do You Overcome Them? Related Posts Arlington Real Estate: 5 Reasons to Invest in 2020 9 Best Neighborhoods to Buy a 2019 Orlando Real Estate Investment How Is the NJ Housing Market 2020 Doing? Orlando Real Estate Market 2019: 5 Best Places to Invest 20 Most Profitable Locations for Traditional Rentals in 2020: Cash on Cash Return What’s Up With the Chicago Real Estate Market? The Best Cash on Cash Return Places for Traditional Rentals Right Now Where to Find the Best Houston Real Estate Investment in 2019 Tampa Real Estate is a Hot Market in 2018! Here’s Why Should You Invest in Airbnb Philadelphia in 2019? Why Investors Should Be Looking Into Airbnb San Diego Where Should I Buy a Miami Real Estate Investment in 2019?