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Miami-Ft. Lauderdale Ranked No.2 in Rental Market

Ranked No. 2 among the 50 U.S. metro areas is Miami- Ft. Laiuderdale where individual “mom and pop” investors make the most money on rental property on a month-to-month basis, according to a report by Zillow.com.

The short-term gain measured the anticipated rental income compared to the estimated monthly mortgage payment. The profit for Miami was $515 a month, or $6,184 a year, Zillow said. Oklahoma City ranked first and Tulsa, Ok., came in third.

In profitability from rising equity, the Miami-Fort Lauderdale metro area ranked No. 19 among the top 50 metro markets studied, with equity growing by $1,489 per month. Read more.... 

 

Contributed by: MARTHA BRANNIGAN Miami Herald.com

Read more here: http://www.miamiherald.com/2014/08/15/4291330/zillow-miami-area-investment-property.html#storylink=cpy
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