Deepak Malhotra, Investor & Landlord, Cheney WA,  99004

Rental Yield (Cap Rate) Map


This map shows gross rental yields by market. I doubt they are considering taxes, vacancy rates, cost of utilities, etc., and the data is crowdsourced so not scientific, but it can give you some rough ideas. I’ve personally invested in other cities.  In the past, I’ve found good rental yields to be in Spokane due to no state income tax and low property taxes. At present, I’m concerned that our state is treating our private property as the state’s social housing and have stopped buying in Washington State.  Governor Inslee is currently forbidding evictions due to the COVID crises, which removes our only source of leverage when we want to collect rent.  They are asking landlords to go to our banks and ask for forbearance.  But banks will want all their payments with interest, we are not getting a mortgage holiday.  At present, I believe the best yields are in areas roughly along a line from Indiana to Louisiana.  Idaho, South Dakota, Texas, Indiana, Mississippi, Arkansas, and Florida seem to have stronger property rights than Washington State at present.

https://www.numbeo.com/property-investment/gmaps.jsp?indexToShow=getGrossRentalYieldOutsideOfCentre

If you want more accurate, more carefully thought out, information, subscribe to Wade’s Housing Alerts.  No, I do not get a commission.

https://www.housingalerts.com/

If you have already chosen a market, or do not want to invest out-of-town, and want a prediction, I highly recommend Local Market Monitor.  I’ve found the predictions to be very good.  Better than financial magazines for sure. I don’t get a commission for this either.

http://www.localmarketmonitor.com/index.cfm?event=marketReports