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Updated over 9 years ago,
What kind of returns are you getting on your rentals?
I'm in eastern MI and I'm curious to know what other ROI investors are seeing across the country.
My three rentals:
Class A neighborhood - all in value 95K - $910 in rent = .95%
Class B neighborhood - all in value $40K $775 rent = 1.9%
Class C neighborhood - all in value $14K $545 rent = 3.9%
I realize this metric is one of many ways to gauge your investment's return but wanted to see what other areas are coming in at.
Thanks all -
Drew Denham