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OUR INVESTMENT STRATEGY >> DETROIT MI
REGIONS OF FOCUS
Detroit’s current unparalleled renaissance is the very reason that now is the time to invest. Detroit’s real estate market offers huge capital growth profits as the property prices are, for the moment, still well below replacement value making the city a prime investment area that offers significant growth potential. Detroit’s real estate market is on the rise.
According to the National Association of REALTORS® (Realtor.com), Detroit is a top investment for residential real estate. The real estate tracking firm factored inventory, median list price, and days on market. Detroit's list prices have seen a 37.8% increase YoY. According to Home Data Index by Clear Capital®, Detroit led the housing market rebound.
Detroit has the best Price-to-Rent ratios of 6.7. (As at Feb 2016). Prices of homes in Detroit are relatively low compared to other cities in the US. According to Medium.com, Zillow statistics show that the median home price in Detroit is $55,000 with a median monthly rent of $888. This is the lowest ratio in the United States and Canada. (In Vancouver, Canada, the Price-to-Rent Ratio is “an astounding 68.5”, one of the worst in the world).
Employment levels and job creation
Housing supply and demand
Affordability of property
Kansas City, MO
According to Wichita State University Center for Real Estate for Kansas City market, there's good news for investors wishing to cash-in on the investor friendly state of Kansas. Home sales in 2016 so far has risen from 2015 6.6 percent to over 42,000 units.
Kansas City area’s new home construction continues to rise and is expected by end of 2016 to be up 11 percent to 5,260 units.
Tight inventories of homes available for sale have resulted in strong home price gains in the Kansas City area. Average home values are expected to have risen by 8.4 percent by the end of 2016.
Price-to-Rent Ratio is 17.4 (As at Feb 2016).
Memphis is located on the Mississippi River and the metropolitan area has a population of more than 1.2 million. The city is known as the birthplace of rock 'n' roll. Elvis' estate, Graceland, is in the area. FedEx, AutoZone and International Paper are headquartered there.
The Memphis real estate market is described by Allan Woods of Movoto, as a hot 2016. With cost of living below the national average and affordable housing prices, this Southern gem is primed for a big year. While forecasters have been predicting a housing boom for Memphis for a few years now. Inventory keeps declining, people are rediscovering the south, and Memphis remains one of the most affordable cities in America. Memphis real estate is booming. The median list price for Memphis real estate is $87,000. That's around 62 percent lower than the national median.
Price-to-Rent Ratio is 12.26 (As at Feb 2016).
Currently, Tampa is considered one of the hottest real estate investment destinations in the country. Tampa’s economy continues to heat up, and population growth is driving real estate prices. Tampa Bay’s economy is growing and diversifying at an impressive rate. Tampa is the transportation center and economic hub of Western Florida. So as industry continues to grow, Tampa’s economy will continue to thrive. OSI Restaurant Partners and WellCare Health Plans are headquartered there. Many new residents are better economically positioned to enter rental markets than ownership markets, and rental markets are heating up at a faster rate than other markets in the area.
Price-to-Rent Ratio is 16.55 (As at Feb 2016).
The Orlando metro area, in central Florida, has a population of more than 2 million. Orlando's economy relies heavily on tourism from Walt Disney World, Universal Studios and SeaWorld amusement parks.
In addition to strong home price appreciation forecasts for the Orlando market, Orlando is experiencing the highest household growth in the U.S. In 2015, households grew by 3.4%, which compares to the U.S. average of 1.4% year-over-year. In conjunction with more people moving to the area, employment is also increasing. Orlando ranks #5 in terms of employment growth across the U.S. - Orlando employment increased 4.3% in 2015 vs. the U.S. average of 2.6% over the same period 3. Another factor that makes Orlando a great Single-Family Rental investment market, is that it has above average gross rental yields relative to other U.S. markets. Gross yields in Orlando averaged 10.4%, which is well above the national average of 9.2%.
Price-to-Rent Ratio is 16.62 (As at Feb 2016).
Investment Opportunities in Detroit, Michigan
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