CoreLogic has upgraded its Rent Amount Model to include a cap rate calculator that enables investors and specialized lenders to estimate the rate of return on single-family rentals.

“The single-family rental market continues to attract institutional investors who are looking for single-family homes that offer potential appreciation and solid rental income returns,” said Randy Wussler, vice president/product general manager at CoreLogic.

“We’ve aggregated and standardized nationwide rental data that, when combined with analytic tools, can provide investors and lenders with actionable insights to help evaluate a property’s value and project investment income and returns.”

The model also allows groups to see monthly rent estimates for single-family rentals and attached properties. Detailed sales comps on each property are also provided as an alternative to other valuations.

CoreLogic claims its Rent Amount Model offers more than 99 percent coverage across the U.S. for the $1.8 trillion single-family rental market.

According to a recent report from Local Market Monitor and homebuying franchise HomeVestors, the top markets for single-family rental investment moving forward are Denver, Dallas, Houston, Austin and Seattle.

Rounding out the top 10 are the Southern-located cities of Orlando, Florida; San Antonio; Charleston, South Carolina; Nashville; and Raleigh, North Carolina.

Email Erik Pisor.

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