Wichita Falls, Texas - Rental markets: Top 10 places for mom-and-pop investors to buy

For sale: This Wichita Falls home is listed for $89,900. Median home price: $84,000 Median rent: $938 Return on investment*: 13.4% Mom-and-pop investors who buy properties in this North Texas prairie region and rent them out are seeing double-digit returns on their investments, according to a report from RealtyTrac. Much of the economy relies on oil production and farming. Homes are cheap and rents -- at a median of $940 a month -- are pretty lucrative.Related: Best home deals in the Best Places to LiveThe nearby Sheppard Air Force Base helps. It not only accounts for 20% to 25% of the area's economic activity, but supplies a steady stream of renters. "Many of the service members know that they're only going to stay three or four years and they choose to rent," said Danny http://botaniqueatbartley-uolgroup.com - botanique at bartley top - Steed, a local real estate broker.A good example of the homes in the area is this nearly 1,700 square-foot brick home in Wichita Falls, which was recently listed for just $89,900. For further information: Trulia