RealtyTrac Finds Spokane County, Washington is Top Investment Market

IRVINE, CA -- The 16 teams that survived the manic first rounds of the NCAA men’s college basketball tournament are diverse both in geography, conference affiliation, and size — from the smaller private Xavier University in Ohio, with less than 5,000 undergraduate students, to the mammoth University of California in Los Angeles, with more than 30,000 undergraduates.

All these diverse schools have enough talent, athleticism and coaching acumen to win their next game, and maybe the next, and end up in the Final Four, where all bets are off.

Brackets based on real estate

University of California, Los Angeles, CA

But if the brackets are filled out based on real estate investing metrics, the outcome of each matchup becomes much easier to predict. Real estate when done right can be a science.

Starting with the existing Sweet 16, RealtyTrac has filled out the remaining brackets based on four key factors to fundamentally sound real estate investing in the counties where the college towns are located.

Those four factors are unemployment rate, foreclosure discount, gross rent yields and average gross profit on flipping.

Based on this methodology, the clear champion is Spokane County, Washington, home to Gonzaga University.

University of Oklahoma

A slightly higher than average unemployment rate of 7.1 percent didn’t slow down this team’s victory with a strong foreclosure discount rate of 27.6 percent coupled with a nice gross rent yield of 8.4 percent and finally a hefty average gross profit on flipping.

 Spokane County wins thanks to an average gross profit return on property flips of $64,704 — compared to $47,657 for its opponent in the real estate investing championship game, Hamilton County, Ohio, home to the Xavier University.

Xavier University 

In the Final Four, Xavier University’s Hamilton County, Ohio, beats out Monongalia County, West Virginia, home to West Virginia University, thanks to a high gross rent yield of 11.6 percent above Monongalia County’s 7.1 percent. 

Meanwhile Spokane County, Washington, home of Gonzaga University, beats out Cleveland County, Oklahoma, home to Oklahoma University with a gross rent yield of 8.4 percent compared to 7.6 percent for the Sooners.

For a complete copy of the company’s news release, please contact:

Jennifer von Pohlmann

Sr. Data PR Manager

Office: 949.502.8300 ext 139

jennifer.vonpohlmann@realtytrac.com