DID YOU KNOW?

If you had invested in Tampa, FL instead of Cincinnati, OH in 2015, you would now have an additional $112,288 in cash and equity.

The math for this comparison:
Description Cincinnati, OH Tampa, FL Difference
Property Value
Median Price 2015 149 102 163 597 14 495
Median Price 2023 272 483 375 807 103 324
Increase in Equity 123 381 212 210 88 829
Cash flow
Price/Rent ratio 15,09 14,64
Rents Collected (Annual) 18 059 25 678
Expenses (Assuming mortgage at 70% LTV) (12 683) (15 851)
Net 5 376 9 827 4 451
Tax Burden as a percent of median income (different from tax rate)
Income Tax Burden 2,28% 0,00%
Property Tax Burden 2,74% 2,75%
Total Tax Burden $
(Income Tax % x Net) +
(Property Tax % x Avg Property Value) 		5 898 7 417 (1 519)
Total Property Difference 88 829
Annual Income & Expense Difference 2 932
Total Income & Expense Difference (Annual x Number of Years) 23 459
Total Difference From 2015 112 288
The assumptions:
  1. Median household income in each location
  2. Median property price in each location
  3. Average US household annual expenses
  4. Tax burden based on percent of median income, not simply tax rate
  5. Mortgage assumption is 70% LTV