Business

CNN: Wayne County Best in Nation for Landlords

April 16, 2014, 5:05 PM

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We've all known you can score some homes at a pretty cheap price in Metro Detroit.

But CNN Money reports:

After comparing the median sales price of homes to average monthly rents in nearly 1,600 counties, RealtyTrac found that Detroit's Wayne County offers landlords the best return on their investment in the nation.

Investors who buy homes in the metro area can expect a 30% gross annual return from rents. That's triple the national average of 10%.


Read more:  CNN Money


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