Houston vs Jacksonville for cashflow and appreciation

[Maximus Nguyen]

I am considering buying a SFR turnkey property in Houston market. Cashflow is very tight, about only 4-6%, cash on cash return. I was considering Jacksonville, FL, but it is much further away from where I live, (Las Vegas, NV), and the jobs and population growth doesn't seem as strong.

Anyone have experience in either markets?

My #1 priority is steady and reliable cash-flow. Appreciation is secondary. Any thoughts on which market might give me a good balance of both?

[Brian Foster]

My obvious bias is with Houston. Low cost of entry, critical mass (4th largest metroplex), strong economic & population growth. If we do get a correction (like 2008) I think Houston is better suited to withstand it than any other market.