real estate

Promising places to buy rental properties

Should you buy a rental home in Chicagoland? In a survey of online real estate listings in the fourth quarter of 2013, Bankrate found that the median asking price for a three-bedroom house in metro Chicago was $134,900, with a median rent of $1,700. Based on those numbers, an investor could recoup 15.1 percent of the investment in the first year, excluding taxes, insurance, renovations and other costs. See a map of potential investment profitability in 15 metro areas.

Chicago:

Median asking price for 3-bedroom house: $134,900
Median rent for 3-bedroom house: $1,700
Gross yield: 15.1 percent

advertisement

          Connect with us
advertisement
advertisement

Blog

Holden Lewis

Brexit means lock your mortgage rate ASAP

Lock your mortgage rate now because today's rate plunge might not last long. That's today's advice from mortgage brokers and loan officers.  ... Read more

advertisement

Connect with us