According to Urban Institute's Housing Finance Center, single family home rentals are the fastest growing segment of the housing market with an estimated 3.4 million millennials preferring to rent rather than buy.
The most lucrative deals are found in homes that are 15 years or older, most homes in Metro Detroit are in older neighborhoods and present opportunity for value-add upgrades such as updated bathrooms, kitchens, windows, and HVAC systems which provide the best ROI in the long term.
The lack of inventory across the country has presented a challenge for some investors, but Stream Real Estate has it's hand on the pulse of the real estate market in Metro Detroit, with the understanding that Metro Detroit holds one of the largest single family home inventory with 65% of homes being single family detached properties.
The value add challenge has increased yet Stream Real Estate helps investors to adapt and prepare for a future that promises to bring more change and more profit.
Sign up for access to the best real estate opportunities.