Thursday, March 7, 2013
Single Family Rentals - Positive Cash Flow
According to the most recent numbers from the U.S. Commerce Department, the homeownership rate fell to 65.4 percent at the end of 2012, matching a level last seen in 1997. In addition, the rental vacancy rate—meaning the availability of rental properties—is the lowest since 2002.
No wonder investors are getting into the rental market. And one of the fastest growing segments is the single-family rental.
With mortgage rates historically low, now more than ever, investors of all sizes have been scooping up single-family homes and renting them out with a steady stream of income. While appreciation is a bonus, the real win is in the cash flow.
A new survey also suggests that single-family renters are more likely to dwell in their home far longer compared to multifamily occupants. These single-family renters were also characterized as earning more income.
That means income from single-family rentals offers greater stability and less risk. Even with prices rising, the single-family home remains a great investment. Moderate appreciation, tax advantages, and rock bottom mortage rates create a positive cash flow.
Call or contact me directly for more info on renting and a list of the best available properties.