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IRVINE, CA—Investors buying rental property last quarter aregetting an average annual return of 9.06%, down from an averageannual return of 9.65% for the third quarter of 2013, according toa report from RealtyTrac. The report ranks thebest US markets for buying residential rentalproperties.
For the report, RealtyTrac analyzed median sales prices forresidential properties and average fair market rents forthree-bedroom properties in 586 US counties with a combinedpopulation of 218 million people, or 71% of the US population.Rental returns were calculated using annual gross rental yields:the average fair market rent of three-bedroom homes in each county,annualized, and divided by the median sales price of residentialproperties in the third quarter.
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
