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What $400K Buys in the Most Sought-After Investment Housing Markets

Are you considering investing in real estate before year’s end to take advantage of historically low interest rates? Or perhaps you’re interested in diversifying into real estate as part of your existing investment portfolio? To help decide whether real estate investing is the right decision for you, HomeUnion has compared investment property values in 10 of the most sought-after real estate markets nationwide. Specifically, we analyzed what a $400,000 investment leveraged at 25 percent will buy a single-family rental (SFR) investor in Jacksonville, Dallas, Atlanta, Charlotte and Austin; versus what an investor can acquire for the same price in the non-HomeUnion markets of Denver, Washington, D.C., Seattle, New York and Oakland.

Metros in which HomeUnion operates are more affordable, offer renters and investors significantly more square footage, and provide investors with the ability to earn higher monthly rental returns. In fact, investors with a $100,000 down payment in HomeUnion markets could buy a two-property SFR portfolio totaling 4,400 square feet, and collect average monthly rents of $3,030. On the other hand, investors in some of the largest metro areas nationwide can acquire significantly less real estate. In Denver, Washington, D.C., Seattle, New York and Oakland, investors can only purchase one property measuring 600 square feet on average, and can collect $1,980 per month in rent.

Here’s an analysis of what investors can acquire using leverage in five of HomeUnion’s markets for $400,000 versus five non-HomeUnion markets, where the main investment options are condominiums:


Price: $205,000 + $190,000 = $395,000 Square Feet: 5,360 Monthly Rent: $1,750 + $1,620 = $3,370
Price: $205,000 + $190,000 = $395,000; Square Feet: 5,360; Monthly Rent: $1,750 + $1,620 = $3,370


Total Investment for 2 Properties: $230,000 + $160,000 = $390,000; Square Feet: 4,280; Monthly Rent: $1780+$1,370 = $3,150


Total Investment for 2 Properties: $190,000 + 180,000=$370,000 Square Feet: 3,100 Monthly Rent: $1410 + $1390 = $3,080
Total Investment for 2 Properties: $190,000 + 180,000=$370,000; Square Feet: 3,100; Monthly Rent: $1410 + $1390 = $3,080

Jacksonville, Fla.

Price: $270,000 + $118,000 = $388,000; Square Feet: 5,500;  Monthly Rent: $2,090 + $1,100 = $3,190


Price: $205,000 + $190,000 = $395,000; Square Feet: 5,360; Monthly Rent: $1,750 + $1,620 = $3,370

New York City (Queens, NY)

Total Investment: $399,000; Square Feet: 395; Monthly Rent: $2,000


Total Investment: $390,000; Square Feet: 700; Monthly Rent: $1,800
Total Investment: $390,000; Square Feet: 700; Monthly Rent: $1,800


Total Investment: $425,000; Square Feet: 295; Monthly Rent: $2,000


Total Investment: $400,000 Square Feet: 605 Monthly Rent: $1,900
Total Investment: $400,000; Square Feet: 605; Monthly Rent: $1,900

Washington, D.C.

Price: $390,000 Square Feet: 765 Monthly Rent: $2,300
Price: $390,000; Square Feet: 765; Monthly Rent: $2,300


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Rental property investments go farther in the South, HomeUnion says - WFG National Title Insurance Company Oct 14 2016 - 2:16 PM
[…] in your area, but is the potential revenue for rental property investments worth the entry costs? HomeUnion analyzed the top cities for single-family investment properties to find […]

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