It seems crazy, but a low priced home can be more expensive than a high priced home.
Whether you are looking for a home to live in or to rent out to generate income, comparing the monthly cost of buying a home to the rental income it can produce is a great way to tell if it is truly affordable or not.
We compare the rent against the monthly ownership cost to calculate the cash on cash return of a home.
The cash on cash return reveals the true affordability of a home.
| City | State | Highest COC Return | Average COC Return | Lowest Price | Average Price | Highest Rental Income | Average Rental Income | Lowest Payment | Average Payment |
|---|---|---|---|---|---|---|---|---|---|
| Alpharetta | Georgia | 3831.4% | -4.6% | $5,600 | $1,072,399 | $42,431 | $3,898 | $18 | $6,444 |
| Hastings | Florida | 73.4% | 14.1% | $125,000 | $340,417 | $4,040 | $2,277 | $734 | $2,045 |
| Florahome | Florida | 136.9% | 14.7% | $39,000 | $272,614 | $4,947 | $1,779 | $230 | $1,607 |
| Georgetown | Florida | 47.0% | 4.4% | $105,000 | $363,903 | $4,836 | $2,057 | $624 | $2,165 |
| Palm Coast | Florida | 70.2% | 2.5% | $149,990 | $521,204 | $6,751 | $2,682 | $884 | $3,124 |
| Flagler Beach | Florida | 70.2% | 1.5% | $149,990 | $522,744 | $6,751 | $2,699 | $884 | $3,136 |
| Fort McCoy | Florida | 111.6% | 21.7% | $79,000 | $197,759 | $2,678 | $1,587 | $469 | $1,188 |
| Eastlake Weir | Florida | 20.8% | 4.9% | $160,000 | $338,160 | $3,657 | $2,220 | $951 | $2,052 |
| Edgewater | Florida | 63.1% | 8.3% | $130,000 | $431,767 | $5,415 | $2,689 | $778 | $2,572 |
| East Palatka | Florida | 77.9% | 13.4% | $80,000 | $318,835 | $3,175 | $2,065 | $476 | $1,887 |
| De Leon Springs | Florida | 34.9% | 5.3% | $149,000 | $396,408 | $4,803 | $2,400 | $893 | $2,352 |
| Port Orange | Florida | 63.1% | 6.8% | $140,000 | $422,126 | $5,415 | $2,690 | $838 | $2,593 |
| Daytona Beach | Florida | 830.0% | 37.6% | $15,000 | $338,866 | $3,112 | $2,383 | $90 | $2,109 |
| Citra | Florida | 105.7% | 6.7% | $80,000 | $500,685 | $3,213 | $2,224 | $474 | $2,971 |
| Crescent City | Florida | 152.2% | 13.4% | $49,900 | $324,351 | $4,836 | $2,003 | $298 | $1,920 |
| Bunnell | Florida | 10.2% | -1.1% | $265,000 | $384,425 | $2,822 | $2,081 | $1,572 | $2,281 |
| Astor | Florida | 537.0% | 46.1% | $18,000 | $298,752 | $5,180 | $2,145 | $107 | $1,785 |
| Yulee | Florida | 118.6% | 3.8% | $59,900 | $384,931 | $3,844 | $2,146 | $358 | $2,338 |
| White Springs | Florida | 50.7% | 2.5% | $79,000 | $653,358 | $3,014 | $1,837 | $464 | $3,845 |
| Wellborn | Florida | 167.5% | 10.9% | $79,000 | $390,993 | $2,853 | $2,026 | $464 | $2,287 |
| Starke | Florida | 60.8% | 9.4% | $89,000 | $325,034 | $2,865 | $1,983 | $525 | $1,920 |
| Ponte Vedra | Florida | 5.0% | -7.9% | $235,000 | $1,724,142 | $76,808 | $7,813 | $1,997 | $10,342 |
| Saint Augustine | Florida | 60.7% | 4.5% | $129,000 | $440,145 | $5,129 | $2,566 | $757 | $2,697 |
| Middleburg | Florida | 50.3% | 3.9% | $97,850 | $341,931 | $3,368 | $2,091 | $648 | $2,027 |
| Mayo | Florida | 14.1% | 0.5% | $190,000 | $460,333 | $3,766 | $2,273 | $1,113 | $2,740 |
| McAlpin | Florida | 201.5% | 13.5% | $79,400 | $489,083 | $3,295 | $2,114 | $491 | $2,916 |
| Lulu | Florida | 161.0% | 17.7% | $43,500 | $273,073 | $3,149 | $1,941 | $263 | $1,598 |
| Lawtey | Florida | 1977.6% | 68.1% | $5,000 | $564,166 | $3,072 | $2,024 | $33 | $3,275 |
| Lake Butler | Florida | 23.4% | 0.1% | $140,000 | $354,870 | $2,881 | $1,907 | $812 | $2,136 |
| Jasper | Florida | 64.6% | 6.9% | $99,900 | $340,388 | $2,493 | $1,796 | $610 | $2,002 |
| Fort White | Florida | 37.4% | 5.0% | $129,000 | $379,504 | $3,757 | $2,315 | $803 | $2,275 |
| Fernandina Beach | Florida | 17.4% | -3.2% | $180,000 | $1,135,409 | $7,959 | $2,902 | $1,107 | $6,725 |
| Lake City | Florida | 35.7% | 5.8% | $87,000 | $347,670 | $3,379 | $2,037 | $525 | $2,031 |
| Bryceville | Florida | 16.6% | -2.0% | $200,000 | $430,433 | $2,834 | $2,246 | $1,162 | $2,533 |
| Fleming Island | Florida | 10.0% | -4.9% | $235,000 | $516,609 | $4,688 | $2,431 | $1,600 | $3,124 |
| Sanderson | Florida | 71.3% | 4.0% | $100,000 | $444,694 | $4,326 | $2,282 | $608 | $2,599 |
| Green Cove Springs | Florida | 150.1% | 3.1% | $32,500 | $426,915 | $4,400 | $2,305 | $215 | $2,516 |
| Glen Saint Mary | Florida | 63.3% | 2.4% | $100,000 | $460,336 | $4,326 | $2,332 | $608 | $2,719 |
| Elkton | Florida | 55.9% | 5.6% | $129,000 | $417,322 | $5,104 | $2,588 | $860 | $2,534 |
| Day | Florida | 32.4% | 5.2% | $130,000 | $354,766 | $3,766 | $1,934 | $800 | $2,115 |
| Callahan | Florida | 13.6% | 8.4% | $239,000 | $351,333 | $3,974 | $2,626 | $1,385 | $2,131 |
| Branford | Florida | 86.2% | 19.3% | $100,000 | $237,225 | $2,051 | $1,660 | $614 | $1,411 |
| Raiford | Florida | 56.4% | 7.6% | $89,000 | $300,249 | $3,158 | $1,873 | $590 | $1,788 |
| Ponte Vedra Beach | Florida | 4.9% | -8.3% | $285,000 | $1,460,160 | $76,808 | $6,484 | $2,003 | $8,771 |
| Penney Farms | Florida | 53.7% | 3.9% | $97,850 | $370,427 | $4,785 | $2,157 | $592 | $2,165 |
| O'Brien | Florida | 99.8% | 7.4% | $60,000 | $428,966 | $3,295 | $1,874 | $398 | $2,535 |
| Orange Park | Florida | 31.2% | 3.9% | $155,000 | $352,905 | $3,368 | $2,196 | $894 | $2,078 |
| Macclenny | Florida | 71.3% | 0.5% | $100,000 | $449,451 | $4,013 | $2,229 | $608 | $2,647 |
| Live Oak | Florida | 55.9% | 2.7% | $150,000 | $350,193 | $3,025 | $2,001 | $886 | $2,102 |
| Lee | Florida | 106.5% | 9.6% | $55,000 | $310,366 | $2,630 | $1,763 | $364 | $1,905 |
| Jennings | Florida | 29.8% | -0.6% | $125,000 | $374,716 | $2,630 | $1,847 | $819 | $2,256 |
| Hilliard | Florida | 31.3% | -2.1% | $154,900 | $458,599 | $4,877 | $2,270 | $958 | $2,716 |
| Hampton | Florida | 21.3% | -1.6% | $184,000 | $400,783 | $3,247 | $2,043 | $1,109 | $2,386 |
| Chattanooga | Tennessee | 307.9% | 3.9% | $25,000 | $475,306 | $7,677 | $2,317 | $6 | $2,682 |
| Weleetka | Oklahoma | 28.6% | -9.0% | $149,900 | $381,542 | $1,643 | $1,318 | $893 | $2,237 |
| Fruitvale | Texas | 43.8% | -3.0% | $85,000 | $472,588 | $7,392 | $2,011 | $542 | $3,013 |
| Denver | Colorado | 28.1% | -3.7% | $199,000 | $884,886 | $8,019 | $3,153 | $1,341 | $5,235 |
| Las Vegas | Nevada | 116.4% | -3.1% | $82,000 | $856,192 | $8,012 | $2,820 | $476 | $4,979 |
| Fort Huachuca | Arizona | 24.0% | -1.3% | $89,900 | $361,613 | $3,523 | $1,849 | $577 | $2,154 |
| Brush Prairie | Washington | -4.0% | -10.6% | $336,900 | $744,585 | $4,930 | $3,047 | $2,397 | $4,588 |
| Honolulu | Hawaii | 88.9% | -11.5% | $86,000 | $2,289,008 | $52,029 | $4,641 | $887 | $13,509 |
| Zenda | Wisconsin | 27.4% | -8.2% | $62,900 | $874,340 | $7,534 | $3,283 | $1,337 | $5,797 |
| Millsboro | Delaware | 10.9% | 1.4% | $409,990 | $544,124 | $3,758 | $3,132 | $2,287 | $3,069 |
| Barto | Pennsylvania | 20.2% | 1.7% | $200,000 | $389,128 | $3,462 | $2,588 | $1,314 | $2,573 |
| Carlsbad | California | 339.0% | -12.1% | $49,999 | $1,826,463 | $85,697 | $6,049 | $310 | $11,859 |
| Hilo | Hawaii | 35.5% | -6.6% | $199,000 | $812,708 | $4,536 | $2,656 | $1,502 | $4,436 |
| New Haven | Connecticut | 45.7% | -0.1% | $74,925 | $608,034 | $6,781 | $2,786 | $841 | $4,323 |