If you’re thinking about investing in a rental property, you might want to look at buying near an ALDI, according to ATTOM Data Solutions’ annual 2020 Grocery Store Wars analysis.

Properties near an ALDI had an average gross flipping ROI of 58 percent, compared to properties near a Whole Foods, which had an average gross flipping ROI of 36 percent and Trader Joe’s at 30 percent, according to ATTOM.

If you look at home seller NOI, the order flips a little bit. Investors with properties near an ALDI are gaining an average home seller ROI of 41 percent. By comparison, the average home seller ROI for properties near a Trader Joe’s is 51 percent, and 43 percent for properties near a Whole Foods.

The average home seller ROI for all zip codes with these grocery stores nationwide is 43 percent.

Overall, the average home value for a home near Trader Joe’s is $644,558, while Whole Foods and ALDI yield values of $532,224 and $250,850, respectively. The average equity in houses near Whole Foods was 37% ($255,066). In homes near Whole Foods, the average equity was 33% ($191,380), and ALDI was 26% ($71,204).

Other high-end groceries have a similar effect.

To read the entire article by Les Shaver (GlobeSt.com), click here…