Top 10 metros for saving money by renting out properties
Metro Area | Size Rank | Typical Rent | Typical Monthly Mortgage Payment | $ Difference Between Rent and Mortgage |
Memphis | 41 | $1,504 | $948 | $556 |
Miami | 8 | $2,249 | $1,727 | $522 |
Atlanta | 9 | $1,787 | $1,363 | $424 |
Birmingham | 49 | $1,271 | $868 | $403 |
Tampa | 19 | $1,819 | $1,435 | $384 |
Indianapolis | 33 | $1,375 | $1,044 | $331 |
Orlando | 27 | $1,758 | $1,444 | $314 |
Charlotte | 24 | $1,628 | $1,339 | $290 |
Oklahoma City | 42 | $1,210 | $931 | $279 |
Detroit | 12 | $1,387 | $1,119 | $268 |