Best cities for overall return/growth on multi-unit properties

[Lara N.]

Hello

I'm researching multi unit investment properties & which areas represent the highest overall return. I have $150,000K to invest & the location can be anywhere in the 48 states. Its all about cash on cash return. My criteria & its importance is below.

1. Cash flow
2. Long term appreciation
3. Tax advantages

*I would appreciate suggestions & insight on which cities/markets are performing best & have solid future growth. I'm interested in cities that have the below criteria;

1. Strong job and population growth

2. High rental rates relative to property price

3. Strong appreciation forecast

4. High rental vs home ownership market

Thank you

[Darryl Dahlen]

While I can't attest to the returns in these cities, MPF Research, who is a respected firm, announced the top markets according to the city's occupancy increase in units:

Perhaps this info will help determine which markets may be worth exploring.

The Top U.S. Apartment Markets (as of the second quarter of 2011

• Dallas-Fort Worth – 8,390 units
• Chicago – 6,350 units
• New York -6,270 units
• Los Angeles – 5,630 units
• Atlanta – 5,110 units
• Houston – 4,390 units
• Boston – 4,360 units
• Washington, D.C. – 4,290
• Phoenix – 3,940 units
• Detroit – 2,500 units
• Denver – 2,480 units
• Miami – 2,450 units

The Dallas-Fort Worth Apartment Market (as of the second quarter of 2011 and according to MPF Research)

• Apartment completions – 784 units
• Average monthly rent – $780
• Average occupancy – 92 percent
• Units currently being built – 7,316