Roofstock HQ has some exciting news to announce as we continue to grow our marketplace by adding more markets! We are now offering properties in Southern California for the first time with the addition of the Riverside-San Bernardino area. We’ve also expanded our footprint in Florida to include Miami, which means we are now in all major markets across the Sunshine State. As with all new markets we add to the Roofstock marketplace, we’ve done our homework to determine that these are two regions with great investing characteristics for single family rental properties.
We estimate that rents in the Riverside-San Bernardino area will increase approximately 12% over the next four years, which should support relatively high yields and ongoing rent increases. Its proximity to the Port of Los Angeles makes it a major hub for large manufacturing and shipping companies, and the region also supports a significant agriculture industry, both of which continue to drive job growth.
Miami is among the top 10 U.S. markets for the strongest gross rental yield and continues to attract significant interest from foreign investors that comprised 36% of the investment into local real estate market in 2015.
Both of these new markets continue to demonstrate strength in the underlying fundamentals that drive SFR investment returns (job growth, household growth, income growth, and housing supply). We are excited to offer investment opportunities in these new markets to Roofstock investors and believe that they make an excellent addition to the carefully selected inventory of properties on our marketplace.
We encourage you to check out our Property Market Overview pages for more details about the investment opportunities in both of these regions and then head over to the Roofstock Marketplace to browse our latest new properties. Also, our expert Advisors are always available to help you navigate the markets, the properties and help you build your SFR portfolio.
Happy SFR Investing!