Rentals

Oakland best in Bay Area for single-family rental investors

  • HomeUnion recently released its Bay Area Single-Family Rental Investment Report.
  • It revealed that the best local investment conditions were to be had in Oakland.
  • The overall report shows that San Francisco proper has the lowest cap rate of the big metros measured.

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

Ever wanted to get in on the hot real estate market in the Bay Area, but wondered where was the best spot to park your money there? Wonder no longer. HomeUnion, an online real estate investment management firm with a focus on value investing in single-family rental (SFR) properties did all the homework for you. The company recently released its Bay Area Single-Family Rental Investment Report. It revealed that the best local investment conditions were to be had in Oakland. Cap rates for SFR homes in Oakland average 3.9 percent, In Oakland, high occupancy rates are expected to push average single-family rents up 4.5 percent this year to $2,634 per month. Last year, rents soared 9.4 percent. San Francisco cap rates are also on the lower side, coming in at 2.7 percent. Those cap rates were found to be the lowest for any metro in the country. Rock-bottom cap rates for the region were found in Berkeley which registered 2 percent. Cap rates are the relationship between...