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Profit margins are up for single-family property investors. In fact, according to new data, some counties have seen rental profits jump as much as 29 percent in just the last year.

The biggest returns

According to a new analysis from ATTOM Data Solutions, real estate investors can see serious profits when buying in Baltimore City, Maryland. The city boasts an average gross rental yield of 24.5 percent — the highest yield in the nation.

Georgia’s Bibb County and New Jersey’s Cumberland County also offer serious profit potential, with average rental yields over 21 percent.

According to Todd Teta, chief product officer at ATTOM, overall conditions are prime for single-family real estate investors.

“Buying single-family homes to rent them out is a better deal for investors so far this year than it was at the same time in 2018, as profit margins are rising in a majority of counties across the United States,” Teta said. “Last year at this time, investors were seeing returns drop in three-quarters of the counties that were analyzed. So far this year, those margins are up in six out of every 10 counties analyzed.

From a growth standpoint, potential profits have increased the most in North Carolina’s Buncombe County, where rental yields jumped 29 percent over the last year. California’s Santa Clara County and North Carolina’s Henderson County also saw big increases.

Where investors should avoid

According to Teta, it’s not all good news for investors, and location still plays a big role in profits.

“Despite the generally rosier picture, profits vary widely and investing in the single-family home rental market is not always a great move,” he said. “The typical bottom-line gain from county to county this year has ranged from as high as 29 percent to as little as 3 percent.”

That 3 percent was in San Mateo County, California, where investors saw the smallest yields n the nation last year. Profit yields were nearly as low California’s Marin County and New York’s Kings County.

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© 2019 Civic Financial All Rights Reserved. Located in Redondo Beach, California, Civic Financial Services LLC is a leading private money lending provider servicing the greater Los Angeles, Dallas, Phoenix, Seattle, Portland, Denver, Miami, South Beach, Tampa, Sarasota, San Diego, San Francisco, Irvine, Las Vegas, San Jose, Riverside, San Bernardino and surrounding communities. Civic specializes in short term, non-owner occupied and investment properties financing utilizing private hard money and bridge loans.

This is not a commitment to lend. Restrictions may apply. LTV limit is based on current, accurate appraised value. Civic Financial Services, LLC reserves the right to amend rates and guidelines. All loans are made in compliance with Federal, State, and Local laws. Civic Financial Services, LLC is a California Finance Lender under NMLS 1099109 and the California Department of Business Oversight License #603L321, AZ Mortgage Broker License #092863, FL Mortgage Lender Servicer License #MLD1536, NV Mortgage License MB4419, NV Broker License #4443, NV NMLS ID #1410002, OR Mortgage Lending License #ML-5282, UT DRE Mortgage Entity License #10570639. Civic Financial Services, LLC is an equal opportunity lender. Powered by Lenderd.com - Mortgage Websites

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