Palm Beach sees decline in rental income

Palm Beach County ranked 130th nationwide for its gross yield on rental income, falling behind Broward County and the Tampa area, according to RealtyTrac data.

Nevertheless, Palm Beach landlords are still raking it in, receiving better returns than the national average, according to the Palm Beach Post.

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According to the RealtyTrac study of 586 counties, investors buying rental property during the third quarter of 2014 recieved an average return on investment of 9.06 percent, down from an average of 9.65 percent during the same time last year.

But in Palm Beach County, the gross yield on rentals was 10.8 percent. [Palm Beach Post]Christopher Cameron