The largest free Internet database about the cost of living, Numbeo.com, clearly illustrated that Tampa Bay was ranked the number one city in 2010 for the lowest price-to-rent ratio and the highest gross rental yield worldwide.
It has remained one of the top five cities in these same categories for 2011. We can be sure to expect more of the same throughout 2012 and 2013.
The price-to-rent ratio is the average cost of ownership divided by the received rent income for “buy, hold, and rent” cash flow real estate investors.
The gross rental yield is the total yearly gross rent divided by the house price, expressed in percentages.
What this means is that Tampa Bay is one of the best places to invest in cash flow rental properties in the world right now. This is the reason why we are able to deliver capitalization rates of over 10% to our investors.
Combine these factors together and we have ourselves a “Perfect Storm” for investing in Tampa Bay cash flow rental properties.
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