In these ten metro areas, small real estate investors can expect to find great home deals and double-digit returns on their rental property investment, according to RealtyTrac:

1)    Wichita Falls, TX – average Return on Investment (ROI) of 13.4%
2)    Lubbock, TX – ROI 11.8%
3)    Syracuse, NY – ROI 10.9%
4)    Oklahoma City, OK – ROI 10.8%
5)    Ithaca, NY – ROI 10.7%
6)    Austin, TX – ROI 10.7%
7)    Rochester, NY – ROI 10.3%
8)    Nashville, TN – ROI 10.2%
9)    Gainesville, FL – ROI 10.1%
10)  Schenectady, N.Y. – ROI 10.0%

via CNN Money

Look for double-digit ROI’s from rental property wherever you are using the Rental Real Estate Excel Spreadsheet.

RealtyTrac is a real estate information company and an online marketplace for foreclosed and defaulted properties in the United States.  It publishes a monthly U.S. Foreclosure Market Report.