An Alabama beach town topped the list for the most profitable beach market.
Up north in the Great Lakes state is this small beach town that has a cap rate of 6.6% and a median home sale price of $569,873. Its average annual gross rental revenue is $58,544.This vibrant Atlantic coast city has a 6.5% cap rate and an average annual gross rental revenue of $31,913. Its median home sale price is $247,960.A lighthouse and home at the ferry entrance to south side of Bolivar Island from the port of Galveston, Texas.
An island city on the Gulf Coast, Galveston, has a median home price of $340,559 and an average annual gross rental revenue of $43,981, with a 6.4% cap rate. / Getty Images) This island has a 6.4% cap rate, a median home sale price of $482,447 and an average annual gross rental revenue of $45,968.
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