A new survey has found that fix-and-flip investors and rental property owners cite a high-mortgage-rate market and limited inventory as their biggest challenges, but insurance costs and coverage are growing concerns as 2024 begins.
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Detroit Tops Single-Family Investments List
According to Q1 data, Detroit offers investors the highest gross yield when it comes to single-family properties. The city came in No. 1 out of the nation’s top 25 metros, with a 17 percent average gross yield for the quarter. Cleveland and Milwaukee came in at No. 2 and No. 3, respectively. Detroit also had the highest number of investor purchases over the last year, indicating increasing interest in the market.
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