HomeUnion, an online real estate investment management firm, has named the 10 worst housing markets for single-family rental home investors in the first quarter of 2017.
The firm uses data on over 110 million homes and 200,000 neighborhoods to compile their list.
Here are the worst markets for real estate investing in the first quarter, based on first-year returns:
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10. Portland, OR
Median Investment Home Price: $310,481
YoY Change: 15.%
Cap Rate: 4.3%
Source: HomeUnion
9. Oakland, CA
Median Investment Home Price: $488,853
YoY Change: 8.6%
Cap Rate: 4.2%
Source: HomeUnion
8. Salt Lake City, UT
Median Investment Home Price: $253,124
YoY Change: 28.6%
Cap Rate: 4.2%
Source: HomeUnion