real estate

Promising places to buy rental properties

Should you buy a rental home in Minneapolis-St. Paul? 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 Minneapolis-St. Paul was $184,900, with a median rent of $1,710. Based on those numbers, an investor could recoup 11.1 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.

Minneapolis-St. Paul:

Median asking price for 3-bedroom house: $184,900
Median rent for 3-bedroom house: $1,710
Gross yield: 11.1 percent

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Mortgage trends this fall From mortgage rates to a list of must-do's for first-time homebuyers, here are the trends to watch for this season.
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Rising rates and more: 5 housing trends for fall
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