AUSTIN — Real estate experts at Agent Advice analyzed home value and typical rent prices across U.S. cities to establish where investors can currently expect the highest return on investment (ROI).
Straddling the border of Texas and Arkansas, Texarkana took the No. 9 spot. Texarkana’s typical property value of $148,518 is 47 percent of the national average value. An average asking rent price of $1,212 equals 0.82 percent of property value, 55 percent more than the national average proportion. This makes for a potential down payment payback period for a typical investment property (20 percent down payment) just over two years and 38 percent shorter than the national average period.
Others in the top ten are: Houma (LA), Dotham (AL), Johnstown (PA), Beckley (WV), Decatur (IL), Shreveport (LA), Peoria (IL), Sumter (SC), and Jackson (TN).