Median home price in 2012: $100,000
Projected home price in 2015: $150,271
Projected annual rent in 2015: $11,186
For investors, Tampa seems like a perfect place to buy a rental property.
At a median price of $100,000, homes are relatively cheap. And rents are on the rise, having gained about 4% over the 12 months ended in March, according to Rent Jungle. In addition, the economy is on the upswing, with a recent uptick in job growth.
However, there are some risks that real estate investors should be aware of, according to Winzer.
One problem: An abundance of shadow inventory of homes in foreclosure that are already repossessed and vacant but have yet to come on the market. When they do go on sale, they could push home prices even lower but also make it more difficult to find tenants.
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