Naples Daily News – SWFL Ranks Low For Best Places to Buy Rental Homes. │ April 1, 2016
For investors, the bloom is off the orchid when it comes to buying rental homes, a new report said.
“Southwest Florida is past its prime when it comes to acquiring single family homes as rentals,” said Daren Blomquist, vice president of RealtyTrac, which released a report Thursday ranking the best places to buy residential rentals nationwide in this year’s first quarter.
Using government data and its own databases, the Irvine, California-based research company ranked counties nationwide based on the potential annual gross rental yield, which is annualized monthly rent divided by the median home price.