The document discusses the top 5 markets for multi-family property investment closing out 2019. Trenton, NJ is ranked number one due to its low price-to-rent ratio of 7, high walkability score of 72, and generous cap rate of 5%. Columbus, OH is also highlighted as a prime location for all levels of investment due to its walkability score of 41, price-to-rent ratio of 12, cap rate of 3%, and recent 23% increase in rental prices. While Cincinnati has similar attributes as Columbus, rental price increases make Columbus the more attractive investment option of the two.

1. FRANK ROESSLER
Top 5 Markets For
Multi-Family Property
Investment Closing
Out 2019

2. When it comes to investing in multi-family properties, there are two key
factors to consider: expense growth versus rent growth. In other words,
prime investment opportunities will be in markets where expenses are
low and rents are high or at the very least, rental prices exceed
expenses. With expenses outpacing rent prices in major markets like New
York, LA and Washington DC, smaller markets are the name of the game
in 2019. Here are the top 5 markets for multi-family property investing
through the end of 2019.

3. 1. Trenton, NJ
With a price-to-rent ratio of 7, a walk score of 72 and a
generous cap rate of 5%, Trenton, NJ is far and away the #1
market for investment. With a median property price of $108,826
it is also an attractive option for smaller investors that don't want
to partner with a large investment group or take on a high level
of risk. With a walk score that high, it also shows the promise of
being an area with significant growth potential.

4. 2. Chico, CA
With a price-to-rent ratio of 12, a walk score of 45,
and a cap rate of 4%, Chico, CA is also primed for
multi-family investment. The caveat to this, however,
is that with the median property price hovering just
under $710,000 it may not be the best option for
smaller investors.

5. 3. Columbus,
OH A walk score of 41, a price-to-rent ratio of
12 and a cap rate of 3% all make Columbus
an attractive area for investment but what
really sets it apart is the recent 23%
increase in rental prices. With median
property prices hovering at around
$185,000, Columbus is a prime location for
all levels of investment.

6. 4. Chattanooga,
TN
With a generous cap rate of 4% and a median property
price of just under $200,000, Chattanooga is also a good
choice for investing. That being said, Chattanooga only
has a walk score of 29 which doesn't make it a really prime
area for growth. It's a good investment for now, but may
not have legs for the long haul.

7. 5. Cincinnati,
OH
Cincinnati may not be quite as attractive
as Columbus but it still has plenty to offer.
With roughly the same cap rate, walk
score, price-to-rent ratio and median
property prices Cincinnati is almost a
dead ringer for Columbus in terms of
investment opportunity. What makes
Columbus the more attractive option,
however, is the significant recent increase
in rental prices.

8. W E B S I T E
AshcroftCapitalRenovations.com
T W I T T E R
@Frank_Roessler
L I N K E D I N
/FrankRoessler
Thanks for
Reading!