Comment on Rent income, cleaning stats don't stack up

Rent income, cleaning stats don't stack up

By Richard Mize Real Estate Editor richardmize@oklahoman.comStats, stats, stats! Between the cloudification of everything and the digitization of everything else, we are up to our earbuds in stats from outfits we've never heard of, so here, take these with a grain or two of salt. High rent ROI? Oklahoma City is well above the national average for return on investment for single-family home rentals, according to HouseCanaryt, a San Francisco-based real estate data company and the National Rental Home Council. The average investment yield for Oklahoma City single-family rentals is 12.8 percent, compared with the national average of 9.1 percent, HouseCanary said. Problem: Although both measure performance, return on investment is one thing and investment yield is another.Read more on NewsOK.com

 

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