The unique report looks at a property’s potential to generate income, not only monthly cash-flow, but also longer term appreciation. The metric identifies a market’s Annual Gross Yield by melding median home prices with average rental rates.
You can see the full report here.
According to the report, the top market for Annual Gross Yield was Detroit. Other top cities include Atlanta, Kansas City, (Kansas and Missouri), Baltimore, Pittsburgh, Saginaw, Michigan, and Syracuse, New York.
The lowest yields come from Long Beach, California. Bozeman and Helena, Montana fell along the bottom tier, along with D.C., Nashville, San Francisco, and Durango, Colorado.
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American Apartment Owners Association offers discounts on products and services for all your property management needs. Find out more at www.joinaaoa.org.