100212 . 12 Home SFR Roseville, MI

100212 . 12 Home SFR Roseville, MI Roseville, MI 48066

100212 . 12 Home SFR Roseville, MI, Roseville, MI, 48066
100212 . 12 Home SFR Roseville, MI, Roseville, MI, 48066 100212 . 12 Home SFR Roseville, MI, Roseville, MI, 48066 100212 . 12 Home SFR Roseville, MI, Roseville, MI, 48066 100212 . 12 Home SFR Roseville, MI, Roseville, MI, 48066 100212 . 12 Home SFR Roseville, MI, Roseville, MI, 48066
FOR SALE
Property Type:
Other Residential
Amount:
$1,350,000
Cap Rate:
6.78%
Last Verified:
Jun 09, 2021

For more information visit www.SFRhub.com and search for portfolio 100212. This 12 Home SFR Investment Portfolio opportunity located in Roseville Michigan offers an investor immediate cash flow in the outer Detroit market. This 12 Home SFR Investment Portfolio can be packaged for an investor with any of our other portfolios in Michigan as well as throughout the country. The average vintage of homes in this portfolio is 1948 and these well-laid-out floor plans range from 375-1271 livable square feet, offering an average of 906 sqft per home. There are 1 - 1 bed / 1 bath homes, 4 - 2 bed / 1 bath homes, and 7 – 3 bed / 1 bath homes., averaging 906 SF in total. Rental rates throughout the portfolio are 4% below market rates, which are continuing to climb in this submarket and will continue bringing increased cash flow to investors’ bottom line over the years. The average market rent in Roseville is also at $1,360 which is 26% higher than the average rent of $1006 in this portfolio, showing the potential for increased profits by increasing rents to market rates. Single-family detached homes are the single most common housing type in Roseville, accounting for 74% of the city’s housing units and 37.1% of those homes are occupied by renters. NeighborhoodScout’s data show that appreciation rates are so strong in Roseville that despite a nationwide downturn in the housing market, Roseville real estate has continued to appreciate in value faster than most communities. The median home value in Roseville is $103,609, which is 14% higher than the average list price per home of this portfolio of $112,500. In the last 10 years, Roseville has experienced some of the highest home appreciation rates of any community in the nation. Roseville real estate appreciated 109.58% over the last ten years, which is an average annual home appreciation rate of 7.68%, putting Roseville in the top 10% nationally for real estate appreciation. Roseville home values have gone up 5.56% over the past year and are predicted to rise 10.48% within the next year making this a great investment opportunity. Local Broker License Information: http://www.sfrhub.com/realstatelicensing All SVN® Offices Independently Owned & Operated

Additional URLs

Map of 100212 . 12 Home SFR Roseville, MI, Roseville, MI, 48066

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.