30 Home SFR Investment Portfolio, Roseville, Michigan 48066

Sale Information

Asking Price: $2,300,000

Building Size: 26,031 SQ FT

Lot Size: 181125

Cost per Square Foot: $88.36

Property Overview

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This 30 Home SFR Investment Portfolio opportunity located in Roseville Michigan offers an investor immediate cash flow in the outer Detroit market. This 30 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 1946 and offers square footage of around 868 sqft per home. There are 4 - 1 bed / 1 bath homes, 10 - 2 bed / 1 bath homes, 15 – 3 bed / 1 bath homes and 1 - 4 bed / 1 bath homes. These well laid out floor plans range from 375-1344 livable square feet, averaging 868 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. Renters occupy 37% of Roseville's housing market. Average market rent in Roseville is also at $1000 which is 9% higher than the average rent of $913 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. Almost 37% of the population is renting in Roseville. 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. Looking at just the latest twelve months, Roseville appreciation rates continue to be some of the highest in America, at 7.72%, which is higher than appreciation rates in 80.53% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Roseville. Roseville appreciation rates in the latest quarter were at 2.90%, which equates to an annual appreciation rate of 12.11% and is higher than 90% of the other cities and towns in Michigan. The median home value in Roseville is $100,700. Roseville home values have gone up 16.7% over the past year and are predicted to rise 14.6% within the next year making this a great investment opportunity.

Property Details

Key Points: Go to www.SFRhub.com to add a custom search and view additional information High 100% occupancy rate Rental rates throughout the portfolio are 9% below market rates The average price per home in this portfolio is at a hot $76,667 Renters occupy almost 37% of the Roseville Housing Market Roseville’s home annual appreciation rate is at 7.72% over the past year Roseville's latest annual appreciation rate is higher than 90% of the other cities and towns in Michigan

Broker Information

SVN | SFRhub Advisors
Jeff Cline

7310 N. 16th St. Suite 210
Phoenix, Arizona 85020