Online residential real estate investment management firm HomeUnion released the ten best and ten worst markets for single-family rental (SFR) property returns. The results show SFRs in the Midwest and Southeast to be the most profitable. Steve Hovland, director of research services at HomeUnion, said that although coastal communities might be the best for the long term investor, but “the ROI won’t be as immediate as it will in the Heartland.” According to HomeUnion’s list, which analyzes first-year SFR returns, or cap rates, Cleveland, Ohio offers the best return on investment when it comes to rental properties. Cap rates are the correlation between the property’s net operating income (rent minus expenses) and the market value of the property. As mentioned Cleveland, Ohio o…