A fourth quarter ranking of the best single-family rental markets for investment indicates half of the top 10 areas can be found in the Sunshine State.
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Daytona Beach and Fort Myers moved up notably to the second and fifth spots from 109 and 125, respectively. Also in the top 10 are Orlando, Fort Lauderdale and Tampa.
Las Vegas topped the list compiled by HomeVestors of America Inc. and Local Market Monitor. Michigan cities Detroit and Warren also were in the top 10, as were Bakersfield, Calif., and Rochester, N.Y.
The rankings are based on expected future relative returns on single-family homes that are purchased as rental property.
