Aug 14, 2017
When it comes to home-flipping and rental potential, Maryland Heights may rank among the best areas in the nation.
That’s the word from HomeUnion, an online real estate investment firm, which ranked the top 20 zip codes in the country for investment quality based on probable returns. The 63043 zip code ranked 17th on the list between Edmond, Okla., and North Scottsdale, Ariz. The zip code was expected to produce an annualized return of 5.5 percent.
By contrast, a West Palm Beach area zip code ranked at the top of the list with an 8.1 percent expected return.
Maryland Heights was the only municipality in Missouri to make the list.
According to an article on credit.com, HomeUnion’s formula for rankings focused on calculating rental rates by estimating a number of different factors such as school district quality, crime rate and the number of white-collar jobs. STLRealEstate.news said that the study figured the annualized return figure by looking at probable appreciation in value as well the potential for future cash flow over a five-year window.