November 28, 2016

HomeUnion, a leading online real estate investment and management firm, has released a list of the best places to find online bargains for investment housing on Cyber Monday, based on cap rates. Chicago, Greenville, and Birmingham top the list of metros with the best wintertime discounts on SFRs.

In each of these markets, investors can save 11 percent by purchasing properties today. Median home prices in these markets are $109,000 in the winter months compared to $122,000 during the spring and summer buying season.

“In all of the metros HomeUnion operates in, median home prices decline significantly on Cyber Monday,” says Steve Hovland, director of research for HomeUnion. “Before the Fed raises interest rates in December, investors would be well-advised to acquire income-producing SFR assets using leverage at this time.”

In Greenville, the cap rate increase was 15.9 percent; the 2016 winter median SFR price was $86,250; and the 2016 average winter rent was $1,130.

About HomeUnion:

HomeUnion is an online real estate investment management firm. Based in Irvine, Calif., it provides all the services needed for individuals to invest remotely in single-family rental (SFR) properties. The company uses a combination of research and data-driven proprietary analytics to incorporate over 110 million homes and 200,000 neighborhoods into their database, and then delivers its solutions to an on-the-ground infrastructure that currently serves 18 locations. HomeUnion’s role spans the lifecycle of the investment transaction: identifying sound investments, handling all aspects of acquisition, maximizing income, protecting asset value, and selling the asset when the time comes.

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