Analyzing the Return on Investment for Single Family Properties | Property Management in Matthews and the Charlotte Market

The Charlotte area real estate market is full of diverse opportunities for buyers and investors. If you’re looking to acquire a great rental property, you can find a number of single-family and multi-family properties available. Each type of investment home has its own benefits and challenges, and you might want to mix different types of investments to diversify your portfolio.

In the current market, the return on investment (ROI) you can earn on single-family homes is especially outstanding right now. When you maintain your home and keep it occupied with great tenants, you stand to earn even more.

Today, we’re taking a look at the ROI you can earn on a single-family rental property in Matthews, Charlotte, and throughout Mecklenburg, Union, Cabarrus, and Gastonia Counties.

Financing and Choosing a Single-Family Home is Easier for Beginners

If you’re not sure how or where to start investing in real estate, single-family homes are a good place to begin. You will find they have fewer start-up costs than buying an apartment building, for example. Investing in a single-family home will require less cash and you won’t have any trouble applying for and receiving a traditional mortgage. Residential purchases of single-family homes allow you to leverage a good amount of the mortgage. Your down payment will not be more than 20 percent. Taking out a commercial loan will require more cash.

Single-Family Homes Appreciate Better and Sell Faster

Demand for single-family homes in the Charlotte area is high. People are more interested in houses than in apartments or duplexes. So, you’ll be able to sell it with ease when you’re ready to let go of the asset or exchange it for something else. Prospective buyers will include owner/occupants as well as investors, so your pool of potential buyers is larger.

Single-Family Homes and Tenant Placement and Retention

Single-family properties are also in higher demand on the rental market.

This trend is only going to increase as demographics shift and older Americans sell their homes in higher numbers for a low-maintenance lifestyle. These sellers still want the space and privacy that come with a single-family home. Many tenants in Charlotte and Matthews are retirees who are trying to downsize and simplify their lives. Others are younger people who would like to buy a home, but cannot afford it or don’t want to give up the flexibility. Renting a single-family property is often the next best thing. The Millennial generation is beginning to start families, and many new parents prefer single-family homes over apartment buildings.

Tenant Retention and Single-Family Homes

Tenant Retention and Single-Family HomesTenant retention is also higher when you have a single-family home.

Tenant turnover is expensive and inconvenient for real estate investors. The process of cleaning, maintaining, and marketing the property every year can be tedious and eat into your ROI. Tenants at multi-family rental properties are less likely to consider the rental their own home, while renters of single-family properties typically want to establish roots. Single-family rental properties encourage stability.

We’d be happy to help you analyze the potential ROI of any single-family home you’re thinking about buying. Contact us at RE/MAX Gold to talk about your investment goals. If you have any questions about property management in Matthews, Charlotte, or the surrounding areas, please contact us at RE/MAX Gold.

Photo of Wess CasonWess Cason, Owner/Broker

Wess Cason has over 30 years of residential real estate experience to include property management and associated repair projects. His maintenance team is now expanding their repair & renovation scope beyond property management services to our neighborhood community. We are local and own our offices located in Matthews. We service where we live.

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Photo of Jonathan CasonJonathan Cason, Director of Operations

Jonathan Cason is our Director of Operations. Jonathan brings 20 years+ of top-notch customer service experience to the table that includes mortgage lending, property management, and real estate. He is excited about bringing such a well diverse team to the SE Charlotte area and to your homes!

During his personal time, Jonathan enjoys spending time with his beautiful wife and spending as much time as he can outdoors hiking, fishing, and golfing.

Laura Suitor, Team CoordinatorPhoto of Laura Suitor

Laura Suitor is our Office Manager and serves as the Team Coordinator for Handyman Matters of South Charlotte. She is well experienced in residential needs having coordinated the repairs for 160 rental homes in the Charlotte market.

Photo of Bethany MartinBethany Martin, Team Coordinator

Bethany Martin comes to the RE/MAX Gold team with over 10 years of Property Management experience. Bethany is always committed to providing the very best in service and professionalism to all of Wess Cason’s clients!

When she is not at work, greeting everyone with a warm smile, she enjoys spending time with her husband and 4 children, taking day trips to the mountains and attending as many concerts as she can!

Photo of Jason SuitorJason Suitor, Maintenance Operations Manager

Jason Suitor is our Lead Craftsman and has a wide variety of maintenance skills. From tile work, luxury vinyl flooring, drywall work to faucets, fans and disposals, Jason has done it all. With over 10 years of experience, Jason consistently gets 5 Star Reviews for his work

Photo of Alyssa Cason TobinAlyssa Cason Tobin, MBA

Director of Marketing

Alyssa heads the marketing department , bringing over 10 years of experience across a variety of channels. Focused on building and growing RE/MAX Gold, Alyssa ensures that all marketing, advertising and branding activities are on message and bring value to those in our area.  Being the daughter of the owner, Alyssa considers herself truly blessed to work with family every day in this new business adventure.

On her off time, Alyssa enjoys spending time with her wonderful husband, two beautiful children, family outings, shopping and traveling when she can!