Investing In Portland Rentals You Can Do Better Or Not

Dated: February 19 2014

Views: 499

Portland may have the nation’s second-tightest apartment market, but it's a middling place to invest in rentals.

So says Seattle-based All Property Management, which ranked 75 American cities for its first quarter Rental Property Investment score report, released Tuesday. Portland came in 43rd overall in the rankings, which consider factors such as vacancy rates, rent trends, cap rates, job growth, housing prices and property appreciation.

With a rental vacancy rate of 3 percent, Portland should be a landlord’s dream. But the City of Roses was dinged for its relatively low capitalization rate or “cap rate,” which represents the return on the investors investment based on current rents. Portland’s moderate cap rate — 6.53 percent according to All Property — couldn’t hold a candle to the top investment city, Grand Rapids, Mich., which boasts an investor-friendly cap rate of 10.6 percent. Read More Here...
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Mark Ross

For Mark Ross, founder of Ross NW Real Estate and professional real estate broker, real estate has always been the career of choice. During his 25+ years in the industry, Mark has gained experience in....

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