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Lowcountry counties below national average for rental returns

Posted By steve smith @ Apr 1st 2016 1:35pm In: Charleston Rental Homes

According to an article published in the Charleston Business Journal and information from Realty Trac, rental returns in the Charleston Metro area for single family homes were below the national average for the first quarter of 2016.  While demand for rentals is strong, rising home prices in our market along with real estate taxes and the higher cost of insurance for storm protection have dampened returns on investment.  

Lowcountry counties were below the national percentage for the average annual gross rental yield during the first quarter, according to a report from real estate data company RealtyTrac.

The report ranked the best markets for buying single-family residential rental properties by determining the potential annual gross rental yield, which is the annualized monthly rent divided by the median home price.  click here to continue reading......



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