TurboTenant report includes 31 cities in 20 states
Buying a rental investment property in 2020 should come down to just 31 cities according to a new report.
The report has been compiled by property management tool TurboTenant following detailed reports released late 2019 which highlighted the best places to buy rental investment property in each state.
Learn the 5 ways to buy an investment property if you're planning to buy one.
"We featured over 150 cities in our first round of reports, and we have narrowed the 2020 list down to 31 great investment locations," said Sarnen Steinbarth, TurboTenant Founder and Chief Executive Officer.
The states that lead in the latest report are New York and Ohio each with three cities in the list - Buffalo, NY, Rochester, NY, Akron, OH, and Columbia, OH.
But Pennsylvania takes the top spot with Reading with Pennsylvania also taking third spot with Allentown. Sandwiched between them is by District Heights, Maryland.
"Our reporting on the number of days a property stays on the market, and the number of leads a property receives, along with rent and sale values, have proven to be a great formula for identifying opportunity," said Steinbarth. "When identifying the top 31 cities, we looked for a positive ROI and high growth numbers across all data points."
The Best Places to Buy a Rental Investment Property in 2020 Report is out! These top cities were curated from our TurboTenant Reports. We have narrowed the 2020 list down to 31 cities - check it out now: https://t.co/ooAdVBgERh #RealEstate #PropertyInvesting pic.twitter.com/tvLKzOtWg5
— TurboTenant (@turbotenant) January 16, 2020
