Where To Find 50,000 Investment Properties
The xv Best Places to Buy a Condo for Investment in the The states
No one can deny that investing in real estate is a great way to brand coin. And i of the best things about the industry is that it offers different types of properties that you can capitalize on. One of these holding types is condominiums (condos for short). Renting out a condo is a viable investment choice for property investors living in economically healthy housing markets who are interested in investing in real estate. How come? And where exactly are the best places to purchase a condo for investment in the US? Keep reading to find out.
3 Reasons to Consider Investing in a Condo in 2019
1) Ownership a Condo Costs Less
The last affair you desire equally a real estate investor is to invest in a holding that you lot can't afford to pay for. This will increase the risks of facing foreclosure or short-sale and basically losing your investment property. If you're a beginner investor and you don't have a big upkeep, finding an affordable property is essential. This is why buying a condo real estate investment is a good selection for y'all, as condos generally price less than single-family unit homes and townhouses in about housing markets across the state.
Related: The Real Estate Investor's Guide to Ownership Condos for Sale
ii) Owning a Condo Tin Exist a Passive Investment
While investing in a rental property is definitely difficult work, owning a condo real estate investment is easier than owning other types of properties. This is because condos come with a wide range of civilities and services that take away a lot of the responsibilities that property investors take to tackle. If yous own a condo, you don't take to worry most cleaning the pool, mowing the backyard, improving the curb entreatment, etc.
As a result, renting out a condo is a great passive income investment strategy! What'due south best is that, because a condo comes with more than civilities, a real estate investor can charge higher for rent than for another belongings in the same location. Meaning, investing in a condo can yield college rental income and total render on investment. That's, of class, if you're investing in the all-time places to buy a condo for investment.
You tin offset searching for and analyzing condos for auction on Mashvisor. Click hither to get started.
3) Condos Attract Loftier Demand
Co-ordinate to the PwC'due south Emerging Trends in Real Estate 2019 Study, the "condominium market is getting a lift from baby boomers who are downsizing and moving into the city core." Millennials (university students, young families, and young professionals) are likewise creating need in the condo market. At that place are two main reasons for this.
Kickoff, condos are located in the center of hot existent estate markets, while unmarried-family unit houses are typically found in the suburbs. The second reason is that these tenants want to savor the many amenities that condos offer at a reasonable cost. This higher demand ways higher rents, a positive cash catamenia, and college profits for holding investors.
Related: Real Estate Investing 101: How to Find Positive Cash Flow Properties in the US Housing Market
The Best Places to Purchase a Condo for Investment
These are the main reasons that brand buying a condo for investment a smart decision. Equally yous tin can tell, location is key for the success of a condo existent estate investment. So, if you're wondering where to buy a condo, here's a list of the 15 best places to buy a condo for investment in terms of cash on cash return co-ordinate to Mashvisor'south Rental Property Calculator.
Related: Best Places to Invest in Existent Estate 2018 for High Traditional CoC Return
Annotation: All information is based on Mashvisor's predictive analytics and projections expect for Walk Scores which are provided by walkscore.com. To learn more near our product, click here .
Fort Stewart, GA
- Median Property Cost: $210,000
- Cost Per Sq/Ft: $123
- Rental Income:$one,710
- Price-to-Hire Ratio: 10
- Greenbacks on Cash Return: thirteen%
- Walk Score: half dozen
Londonderry, VT
- Median Property Price: $129,900
- Price Per Sq/Ft: $141
- Rental Income: $seven,120
- Price-to-Rent Ratio: ii
- Cash on Greenbacks Return: 12%
- Walk Score: 4
Waterville Valley, NH
- Median Property Price: $131,833
- Price Per Sq/Ft: $130
- Rental Income: $vii,202
- Toll-to-Hire Ratio: 2
- Cash on Greenbacks Return: 11%
- Walk Score: 21
Westhampton Beach, NY
- Median Property Toll: $986,167
- Toll Per Sq/Ft: $one,031
- Rental Income: $19,992
- Price-to-Hire Ratio: 4
- Cash on Cash Return: x%
- Walk Score: 60
East Massapequa, NY
- Median Property Price: $559,000
- Price Per Sq/Ft: $269
- Rental Income: $3,684
- Price-to-Rent Ratio: 13
- Cash on Greenbacks Return: 10%
- Walk Score: l
Eagle Creek, IN
- Median Property Price: $212,600
- Price Per Sq/Ft: $90
- Rental Income: $one,940
- Price-to-Rent Ratio: 9
- Cash on Cash Return: 9%
- Walk Score: 51
Windham, NY
- Median Holding Toll: $546,000
- Toll Per Sq/Ft: $404
- Rental Income: $9,260
- Price-to-Rent Ratio: v
- Cash on Cash Render: 8%
- Walk Score: 44
Brian Head, UT
- Median Belongings Toll: $150,380
- Price Per Sq/Ft: $152
- Rental Income: $3,107
- Cost-to-Rent Ratio: 4
- Greenbacks on Greenbacks Return: 8%
- Walk Score: 8
Harlan, IA
- Median Property Price: $177,000
- Toll Per Sq/Ft: $152
- Rental Income: $1,150
- Toll-to-Rent Ratio: 13
- Cash on Cash Return: 8%
- Walk Score: 52
Tioga, ND
- Median Property Price: $119,500
- Price Per Sq/Ft: $83
- Rental Income: $one,095
- Toll-to-Rent Ratio: nine
- Cash on Cash Render: 8%
- Walk Score: 46
West Palm Embankment, FL
- Median Property Price: $261,886
- Price Per Sq/Ft: $220
- Rental Income: $1,500
- Price-to-Rent Ratio: fifteen
- Cash on Greenbacks Return: viii%
- Walk Score: 42
Huntington, WV
- Median Property Price: $270,112
- Toll Per Sq/Ft: $165
- Rental Income: $940
- Price-to-Rent Ratio: 24
- Cash on Cash Return: 8%
- Walk Score: 45
The Villages, FL
- Median Property Price: $348,117
- Price Per Sq/Ft: $26,817
- Rental Income: $iii,061
- Price-to-Rent Ratio: 9
- Cash on Greenbacks Return: 8%
- Walk Score: 7
Littleton, NC
- Median Holding Price: $405,000
- Cost Per Sq/Ft: $124
- Rental Income: $1,261
- Price-to-Rent Ratio: 27
- Greenbacks on Cash Return: seven%
- Walk Score: 34
Clarksville, NH
- Median Property Price: $130,000
- Price Per Sq/Ft: $70
- Rental Income: $ane,000
- Price-to-Rent Ratio: eleven
- Greenbacks on Cash Return: vii%
- Walk Score: xviii
Start your 14-day complimentary trial with Mashvisor now to get access to our rental property figurer and other tools to assistance you find the best condo for investment anywhere in the U.s.a. housing market.
The Bottom Line
To sum up, owning and renting out a condo is, indeed, a assisting real estate investment opportunity. As data from Mashvisor shows, property investors can observe affordable condos that reach a high return on investment in terms of cash on cash return. Of form, location matters when it comes to investing in a condo. So, consider the higher up-mentioned best places to buy a condo for investment in the US and utilize our tools to analyze and compare backdrop to find the one that all-time meets your criteria and goals as a real estate investor.
Grab the best available Residential Investment Condos for Sale:
- Investment condos for auction in Lake
- Investment condos for sale in Nevada
- Investment condos for sale in San Diego
- Investment condos for sale in Los Angeles
Source: https://www.mashvisor.com/blog/15-best-places-to-buy-a-condo-for-investment/
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