{"id":6750,"date":"2017-10-24T00:00:00","date_gmt":"2017-10-24T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/where-to-find-the-most-profitable-rentals\/"},"modified":"2017-10-24T00:00:00","modified_gmt":"2017-10-24T00:00:00","slug":"where-to-find-the-most-profitable-rentals","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/where-to-find-the-most-profitable-rentals\/","title":{"rendered":"Where to Find the Most Profitable Rentals"},"content":{"rendered":"

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With home prices skyrocketing across the country, finding a cash-flowing rental property may prove more challenging. The rising costs of owning the property are squeezing out more investors\u2019 profits.<\/p>\n

ATTOM Data Solutions, a real estate<\/a> tracking firm, identified the places where landlords can still find income-producing properties. The research team looked at 8,841 U.S. ZIP codes to find the best rental properties with cash-producing opportunities.<\/p>\n

Researchers found that buying the rental property is not always cost-effective. For\u00a0more than half of the ZIP codes <\/span>analyzed, p<\/span>urchasing a single-family rental property\u00a0may lead<\/a> to a negative net cash flow when purchasing a median-priced property with a 25 percent down payment that\u2019s rented out at the median rental rate.<\/p>\n

On the other hand,\u00a0834 other ZIP codes could find investors being able to buy a median-priced home as a rental and produce annual net cash flows of $5,000 or more, according to ATTOM Data Solutions. In another 48 ZIP codes, investors may even see potential annual net cash flows of $10,000 or more.<\/p>\n

The ZIP codes offering some of the highest percent cash-on-cash return are:<\/p>\n

74126: Tulsa, Okla.<\/p>\n

63115: St. Louis<\/p>\n

19103: Chester, Pa.<\/p>\n

48234: Detroit<\/p>\n

08104: Camden, N.J.<\/p>\n

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