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Prices for homes and apartment buildings are falling all across the country. If you are looking for a solid investment, this is a great time to buy a rental property. Interest rates are low, property prices have dropped, and when the job market recovers, both rents and apartment prices are likely to see big increases. BusinessWeek worked with Encino (Calif.)-based commercial real estate investment brokerage firm Marcus & Millichap to come up with large metro areas that provide the most rental income for the money invested. For the most part, these were relatively inexpensive markets such as Dallas-Fort Worth, which came in No. 1. But large metros, such as Boston, Washington, and Chicago, where apartment prices have been falling over the past year, also placed highly. To see other areas where rental income is strong, read on.
Source: Marcus & Millichap Research Services, Costar Group, Reis