Want to make a high profit on your next renovation and resale? Then buy a home near an ALDI grocery store. New data shows that homes near ALDI have a total resale ROI of over 60 percent.
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Best Grocery Store Chains for Investors
According to a new report from ATTOM Data Solutions, properties located near ALDI stores offer the highest potential profits for investors: On average, fix-it-and-flip investors see a 62 percent ROI on homes adjacent to an ALDI.
Properties near Whole Foods have an ROI of just 35 percent, while properties near Trader Joe's are even lower at 31 percent. The national average resale ROI (excluding local grocers) is 52 percent.
For reference, the median price of a home near a Trader Joe's is over $608,000. Near a Whole Foods it's $521,000, and just under $223,000 near an ALDI.
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Best Grocery Store Chains for Homeowners
For buyers who plan to stay in the home, it's a slightly different story: Properties near Trader Joe's stores offer the most profitable returns for homeowners.
In fact, the average homeowner near a Trader Joe's holds an average of 37% equity in their property, which equates to about $247,000. Owners near Whole Foods hold about 31% ($187,000), while owners near ALDI hold just 20% ($53,000).
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When selling their home, homeowners next to a Trader Joe's can expect an average ROI of 51 percent. Sellers closer to a Whole Foods can expect an average ROI of 41 percent, while sellers closer to an ALDI can expect an ROI of 34 percent.
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