The views of this article are the perspective of the author and may not be reflective of Confessions of the Professions.
Whether you’re looking for a full-time job or an easy way to bring in extra income, investment properties are a surefire way to make a pretty penny. The key to being a successful property owner, though, is knowing where to invest.
A new study has found the 30 best cities for real estate investors – and with an annual yield of $6,150, no city on the list is a bad choice. The study, by IPX1031, analyzed five factors such as annual return and median home value to find that North Charleston, South Carolina. With a median home value of $177,000 and annual return of $8,323, the coastal city offers plenty to investors. It was followed closely by Winston-Salem, North Carolina (#2), Chattanooga, Tennessee (#3), High Point, North Carolina (#4), and Tuscaloosa, Alabama (#5).
They aren’t the only southern cities to make the list – in fact, the majority of cities are located in the south or southeast. In their research, they found that investors should consider heading South if they’re looking for the best bang for their buck. Specifically, Texas offers plenty for investors: eight cities made the list, including three in the top 10: Odessa (#6), Lakeland (#8), and Tyler (#9).
See the graphic below for the complete list.