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Updated over 5 years ago on . Most recent reply
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Cities with 1% rent rule?
What are the cities where you can get close to 1% rule like where rent is 1% of the property price. Properties should be greater than $100K and not in war zones (like B class neighborhoods).
e.g Purchase Price is $200K - and rent is ~ $1800-2K
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Hey @Ashley Rodgers, all the suggestions so far I agree with.
I would also suggest taking a look at places in the south east/ south west. The cities in these two regions seem to have a bit of the two things you are looking for, that being close to the one percent rule and numerous B class or higher neighborhoods to select from.
The Midwest is hands down better for finding high cash flowing properties, but I believe you may have better luck finding a property that fits you risk tolerance in these southern markets. (See table and map below)
CSV of Cities:
https://docs.google.com/spreadsheets/d/e/2PACX-1vQss70xtKxJaxXG5s4ST2y42QYf1NUzH__v2rd1zl6vyPv3-ikaE5Idldp6R64MCQtM0GNA7lW69Vhf/pubhtml