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Top 10 rental markets where landlords make quick cash

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Low homeownership and strong mobility demand makes rental market to remain quite attractive for investors.

As RealtyTrac reports, rental property in the U.S. posted an average annual return of 9.06 percent in the third quarter. This represents a significant return for landlords even though it is slightly lower than the returns of the previous year in the same period.

Below are the top 10 rental markets where landlords are making quick bucks.

10. Hernando County, Florida

Hernando County, Florida

• Here, the annual gross rental yield is 17.29 percent
• The vacancy rate is 5.1 percent

9. Pasco County, Florida

Pasco County, Florida

• Here, the annual gross rental yield is 17.30 percent
• The vacancy rate is 8.9 percent

8. Columbia County, Florida

Flooded Homes in Columbia County, Florida

• Here, the annual gross rental yield is 18.42 percent
• The vacancy rate is 11.3 percent

7. Wayne County, Michigan

Wayne County, Michigan

• Here, the annual gross rental yield is 19.88 percent
• The vacancy rate is 8.9 percent

6. Spalding County, Georgia

Spalding County, Georgia

• Here, the annual gross rental yield is 20.35 percent
• The vacancy rate is 12.3 percent

5. Putnam County, Florida

Putnam County, Florida

• Here, the annual gross rental yield is 22.63 percent
• The vacancy rate is 6.3 percent

4. Howard County, Indiana

Howard County, Indiana

• Here, the annual gross rental yield is 24 percent
• The vacancy rate is 6.6 percent

3. Duplin County, North Carolina

Duplin County, North Carolina

• Here, the annual gross rental yield is 24.4 percent
• The vacancy rate is 8.8 percent

2. Clayton County, Georgia

Clayton County, Georgia

• Here, the annual gross rental yield is 26.88 percent
• The vacancy rate is 16.9 percent

1. Edgecombe County, North Carolina

Edgecombe County, North Carolina

• Here, the annual gross rental yield is 41.57 percent
• The vacancy rate is 11.1 percent

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