Buy in This City to Make Money on Your Home Investment

November 7, 2019
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Image by Greg Montani from Pixabay

Waking up in Vegas is profitable if a homeowner is looking to sell. The city ranked first on Betterment’s list of the best cities to make a large annual internal rate of return. But don’t pack up the house to move to Sin City  just yet--it can take up to a decade of living there to start seeing the a large return on a home sale. 

If you’re thinking of buying a home in Las Vegas — congratulations! You just might make a bundle when the time comes to sell it.

That’s because the average annual internal rate of return for a homeowner in Sin City is 13.29%, according to a recent analysis by Betterment.

The so-called IRR is an investment’s return based on its related cash flows over time. In the context of owning a home, that cash flow includes the cost you pay each year to live there and maintain the dwelling.

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