Ultimate Kentwood Real Estate Investing Guide for 2024
Overview
Kentwood Real Estate Investing Market Overview
For the ten-year period, the yearly increase of the population in Kentwood has averaged . By contrast, the average rate during that same period was for the entire state, and nationwide.
In that 10-year term, the rate of increase for the total population in Kentwood was , in contrast to for the state, and nationally.
Reviewing real property market values in Kentwood, the current median home value there is . In contrast, the median price in the United States is , and the median price for the whole state is .
Over the previous ten-year period, the yearly appreciation rate for homes in Kentwood averaged . The yearly growth tempo in the state averaged . Across the US, the average annual home value increase rate was .
If you review the rental market in Kentwood you’ll see a gross median rent of , in contrast to the state median of , and the median gross rent at the national level of .
Kentwood Real Estate Investing Highlights
Kentwood Top Highlights
https://housecashin.com/investing-guides/investing-kentwood-mi/#top_highlights_3
Strategies
Strategy Selection
When contemplating a potential real estate investment community, your analysis will be influenced by your real estate investment plan.
The following are concise instructions explaining what elements to think about for each plan. This will enable you to evaluate the details furnished throughout this web page, determined by your preferred plan and the respective selection of factors.
Basic market data will be important for all sorts of real property investment. Low crime rate, principal interstate connections, regional airport, etc. When you search further into a location’s information, you need to examine the site indicators that are essential to your real estate investment requirements.
If you want short-term vacation rentals, you’ll target areas with robust tourism. Short-term property fix-and-flippers pay attention to the average Days on Market (DOM) for home sales. If there is a six-month inventory of houses in your price range, you might need to hunt elsewhere.
Rental property investors will look carefully at the market’s job information. They need to see a diversified employment base for their possible renters.
If you cannot make up your mind on an investment plan to adopt, think about employing the expertise of the best real estate investing mentors in Kentwood MI. An additional interesting thought is to take part in any of Kentwood top property investor groups and be present for Kentwood property investment workshops and meetups to learn from different mentors.
Let’s look at the different types of real property investors and stats they should scan for in their site investigation.
Active Real Estate Investing Strategies
Buy and Hold
When an investor buys a property and sits on it for a prolonged period, it is thought of as a Buy and Hold investment. While it is being held, it is normally being rented, to increase returns.
At any time down the road, the investment asset can be liquidated if capital is needed for other acquisitions, or if the real estate market is particularly active.
One of the best investor-friendly realtors in Kentwood MI will give you a thorough analysis of the local residential market. Here are the components that you should acknowledge most closely for your long term investment strategy.
Factors to Consider
Property Appreciation Rate
Property appreciation rates are one of the initial things that signal if the city has a secure, dependable real estate investment market. You need to find a reliable yearly rise in investment property market values. Factual records showing consistently increasing investment property values will give you confidence in your investment profit pro forma budget. Stagnant or falling investment property values will do away with the principal factor of a Buy and Hold investor’s program.
Population Growth
If a location’s population is not increasing, it obviously has less need for housing units. This is a harbinger of reduced lease rates and property market values. Residents move to locate superior job opportunities, better schools, and safer neighborhoods. A location with weak or decreasing population growth should not be in your lineup. The population growth that you’re seeking is dependable year after year. This strengthens growing investment property values and lease prices.
Property Taxes
Property tax bills can eat into your returns. You are looking for an area where that cost is reasonable. Steadily growing tax rates will probably continue increasing. A city that repeatedly raises taxes could not be the well-managed community that you are searching for.
It appears, nonetheless, that a specific property is erroneously overestimated by the county tax assessors. When this situation happens, a business on the directory of Kentwood property tax appeal companies will bring the case to the municipality for review and a potential tax value markdown. However detailed instances including litigation require experience of Kentwood property tax appeal attorneys.
Price to rent ratio
The price to rent ratio (p/r) equals the median real estate price divided by the annual median gross rent. A market with high rental prices will have a low p/r. You want a low p/r and larger rents that will pay off your property more quickly. You don’t want a p/r that is low enough it makes buying a residence better than renting one. You may lose tenants to the home purchase market that will cause you to have unused properties. You are looking for locations with a reasonably low p/r, obviously not a high one.
Median Gross Rent
Median gross rent will demonstrate to you if a community has a stable rental market. The market’s historical information should confirm a median gross rent that reliably increases.
Median Population Age
Population’s median age can show if the location has a reliable labor pool which indicates more potential renters. Search for a median age that is approximately the same as the one of the workforce. An aged populace will be a drain on municipal resources. Larger tax bills can be a necessity for communities with an aging population.
Employment Industry Diversity
When you’re a long-term investor, you cannot accept to jeopardize your asset in an area with only a few significant employers. An assortment of industries dispersed across various companies is a robust employment base. When one industry type has interruptions, most companies in the community are not endangered. If the majority of your tenants have the same company your rental revenue is built on, you are in a shaky position.
Unemployment Rate
If unemployment rates are steep, you will see not enough opportunities in the location’s residential market. Lease vacancies will increase, mortgage foreclosures might increase, and revenue and investment asset appreciation can equally suffer. If tenants get laid off, they aren’t able to afford products and services, and that impacts companies that employ other individuals. A community with high unemployment rates gets unsteady tax receipts, not many people relocating, and a difficult financial outlook.
Income Levels
Citizens’ income statistics are investigated by any ‘business to consumer’ (B2C) company to locate their customers. Buy and Hold landlords research the median household and per capita income for individual portions of the area in addition to the region as a whole. Sufficient rent standards and periodic rent increases will need a community where incomes are growing.
Number of New Jobs Created
Knowing how frequently additional openings are created in the location can strengthen your appraisal of the market. Job generation will support the tenant pool increase. The inclusion of more jobs to the workplace will assist you to maintain strong tenancy rates even while adding investment properties to your investment portfolio. An expanding workforce produces the active movement of homebuyers. Increased demand makes your investment property worth appreciate before you need to resell it.
School Ratings
School rating is a critical component. With no high quality schools, it is hard for the area to attract additional employers. Good local schools also affect a household’s decision to stay and can entice others from other areas. This may either raise or decrease the pool of your possible renters and can change both the short-term and long-term price of investment property.
Natural Disasters
Because a profitable investment strategy hinges on eventually unloading the property at a higher price, the look and physical soundness of the property are critical. That’s why you’ll want to dodge areas that often endure tough natural calamities. Nevertheless, your P&C insurance needs to insure the real estate for harm created by circumstances like an earth tremor.
Considering possible harm caused by renters, have it protected by one of the best landlord insurance providers in Kentwood MI.
Long Term Rental (BRRRR)
A long-term investment plan that includes Buying a rental, Renovating, Renting, Refinancing it, and Repeating the process by employing the cash from the refinance is called BRRRR. BRRRR is a strategy for repeated growth. A crucial component of this plan is to be able to get a “cash-out” mortgage refinance.
You improve the worth of the investment asset above the amount you spent purchasing and fixing it. Then you take a cash-out mortgage refinance loan that is calculated on the higher property worth, and you take out the balance. You use that money to purchase an additional rental and the process begins again. This strategy assists you to consistently expand your portfolio and your investment revenue.
After you have built a considerable portfolio of income creating residential units, you can decide to authorize others to manage your rental business while you collect mailbox net revenues. Discover the best Kentwood property management companies by using our directory.
Factors to Consider
Population Growth
Population rise or decline signals you if you can count on good results from long-term real estate investments. If you find good population increase, you can be certain that the area is drawing possible renters to it. Businesses think of this as an attractive region to move their business, and for employees to move their families. A growing population develops a reliable foundation of renters who will survive rent raises, and a robust property seller’s market if you decide to sell your properties.
Property Taxes
Real estate taxes, regular upkeep costs, and insurance directly affect your bottom line. Rental assets situated in high property tax communities will bring smaller returns. Excessive property tax rates may predict an unreliable market where expenses can continue to expand and should be considered a warning.
Price to Rent Ratio
The price to rent ratio (p/r) is an illustration of how high of a rent can be collected in comparison to the cost of the asset. An investor will not pay a high sum for an investment asset if they can only charge a modest rent not letting them to repay the investment in a realistic timeframe. A higher price-to-rent ratio informs you that you can set less rent in that location, a low ratio signals you that you can collect more.
Median Gross Rents
Median gross rents signal whether a community’s lease market is robust. Median rents must be increasing to warrant your investment. Declining rents are a warning to long-term investor landlords.
Median Population Age
Median population age in a strong long-term investment environment must reflect the typical worker’s age. You will discover this to be factual in communities where workers are migrating. If working-age people are not venturing into the market to replace retiring workers, the median age will increase. That is an unacceptable long-term economic scenario.
Employment Base Diversity
A varied supply of businesses in the market will expand your chances of strong returns. If people are concentrated in only several dominant companies, even a small issue in their operations might cause you to lose a great deal of renters and raise your liability considerably.
Unemployment Rate
High unemployment leads to smaller amount of renters and an unsafe housing market. Non-working people are no longer clients of yours and of related businesses, which produces a domino effect throughout the market. This can create more layoffs or reduced work hours in the city. Even people who are employed will find it tough to keep up with their rent.
Income Rates
Median household and per capita income rates help you to see if enough qualified renters reside in that community. Existing income statistics will show you if salary increases will allow you to adjust rents to reach your profit predictions.
Number of New Jobs Created
The reliable economy that you are hunting for will generate plenty of jobs on a constant basis. A market that generates jobs also increases the amount of people who participate in the real estate market. This ensures that you can keep an acceptable occupancy rate and purchase additional assets.
School Ratings
School quality in the district will have a huge impact on the local real estate market. Well-endorsed schools are a prerequisite for business owners that are looking to relocate. Reliable renters are the result of a vibrant job market. Recent arrivals who are looking for a residence keep real estate values up. Reputable schools are a necessary ingredient for a strong property investment market.
Property Appreciation Rates
Real estate appreciation rates are an integral portion of your long-term investment strategy. Investing in real estate that you plan to maintain without being confident that they will rise in market worth is a formula for failure. Small or dropping property appreciation rates will remove a region from being considered.
Short Term Rentals
Residential properties where tenants reside in furnished accommodations for less than four weeks are known as short-term rentals. Short-term rental landlords charge more rent each night than in long-term rental properties. Short-term rental homes could involve more periodic care and tidying.
Short-term rentals are mostly offered to business travelers who are in the city for a few days, people who are relocating and need transient housing, and tourists. House sharing portals like AirBnB and VRBO have encouraged many property owners to participate in the short-term rental business. Short-term rentals are deemed as a smart method to kick off investing in real estate.
The short-term property rental strategy requires interaction with renters more often compared to annual rental units. This means that property owners face disagreements more frequently. Think about protecting yourself and your portfolio by adding one of lawyers specializing in real estate law in Kentwood MI to your team of professionals.
Factors to Consider
Short-Term Rental Income
You should define the level of rental revenue you are aiming for according to your investment budget. A market’s short-term rental income rates will promptly reveal to you if you can expect to reach your projected income range.
Median Property Prices
When acquiring real estate for short-term rentals, you have to calculate how much you can afford. The median market worth of real estate will tell you whether you can manage to invest in that location. You can also utilize median market worth in targeted sections within the market to choose communities for investment.
Price Per Square Foot
Price per square foot gives a basic picture of property values when estimating comparable properties. A house with open entrances and vaulted ceilings can’t be compared with a traditional-style residential unit with larger floor space. If you take this into account, the price per square foot can give you a basic idea of property prices.
Short-Term Rental Occupancy Rate
The need for new rental units in an area can be determined by studying the short-term rental occupancy level. A high occupancy rate signifies that an extra source of short-term rentals is wanted. Weak occupancy rates mean that there are more than too many short-term rentals in that area.
Short-Term Rental Cash-on-Cash Return
A short-term rental’s cash-on-cash return can inform you if the investment is a good use of your money. Take your projected Net Operating Income (NOI) and divide it by the cash amount you’re ready to invest. The return is a percentage. The higher the percentage, the faster your investment funds will be returned and you will begin realizing profits. If you get financing for a portion of the investment and use less of your funds, you will get a higher cash-on-cash return.
Average Short-Term Rental Capitalization (Cap) Rates
Another metric shows the market value of an investment property as a revenue-producing asset — average short-term rental capitalization (cap) rate. Usually, the less a property will cost (or is worth), the higher the cap rate will be. If cap rates are low, you can assume to pay a higher amount for real estate in that location. You can calculate the cap rate for possible investment real estate by dividing the Net Operating Income (NOI) by the market worth or asking price of the residential property. The percentage you will get is the property’s cap rate.
Local Attractions
Important public events and entertainment attractions will draw vacationers who will look for short-term housing. Individuals visit specific places to attend academic and athletic activities at colleges and universities, be entertained by competitions, support their children as they participate in kiddie sports, have fun at annual festivals, and drop by amusement parks. At specific periods, places with outside activities in the mountains, oceanside locations, or near rivers and lakes will draw a throng of visitors who want short-term residence.
Fix and Flip
To fix and flip a property, you need to get it for less than market price, make any needed repairs and upgrades, then liquidate the asset for after-repair market worth. The secrets to a successful investment are to pay less for real estate than its actual value and to accurately compute what it will cost to make it saleable.
You also have to analyze the real estate market where the home is located. You always want to research the amount of time it takes for properties to sell, which is shown by the Days on Market (DOM) data. To effectively “flip” real estate, you have to resell the rehabbed house before you have to shell out funds to maintain it.
In order that real estate owners who need to liquidate their home can effortlessly locate you, highlight your status by using our catalogue of the best real estate cash buyers in Kentwood MI along with top real estate investment firms in Kentwood MI.
In addition, look for bird dogs for real estate investors in Kentwood MI. Professionals in our directory concentrate on securing little-known investment opportunities while they’re still unlisted.
Factors to Consider
Median Home Price
Median property price data is a valuable tool for assessing a prospective investment environment. Lower median home prices are an indication that there is an inventory of homes that can be purchased for less than market value. This is a primary element of a fix and flip market.
When your research entails a fast decrease in home market worth, it may be a signal that you’ll uncover real property that meets the short sale requirements. You can receive notifications about these opportunities by working with short sale processors in Kentwood MI. Learn more regarding this type of investment explained in our guide How Do You Buy a Short Sale House?.
Property Appreciation Rate
Dynamics relates to the route that median home prices are treading. Stable surge in median prices demonstrates a robust investment market. Property purchase prices in the area need to be growing regularly, not quickly. Buying at an inopportune point in an unreliable environment can be disastrous.
Average Renovation Costs
A comprehensive review of the area’s construction expenses will make a substantial difference in your market selection. The time it requires for acquiring permits and the municipality’s regulations for a permit application will also affect your decision. If you are required to present a stamped suite of plans, you’ll need to incorporate architect’s charges in your budget.
Population Growth
Population data will inform you if there is solid necessity for houses that you can produce. If there are buyers for your rehabbed real estate, it will indicate a strong population increase.
Median Population Age
The median population age can additionally tell you if there are adequate home purchasers in the market. When the median age is equal to that of the average worker, it’s a positive sign. A high number of such people indicates a significant pool of home purchasers. Older individuals are planning to downsize, or move into senior-citizen or retiree neighborhoods.
Unemployment Rate
You need to see a low unemployment rate in your prospective area. An unemployment rate that is less than the US average is preferred. When the area’s unemployment rate is lower than the state average, that’s an indicator of a preferable financial market. Non-working individuals cannot buy your homes.
Income Rates
Median household and per capita income levels explain to you whether you will find adequate purchasers in that community for your homes. Most homebuyers usually get a loan to purchase real estate. The borrower’s wage will determine how much they can afford and if they can buy a property. You can see based on the city’s median income whether enough people in the community can afford to buy your houses. Scout for regions where the income is rising. To stay even with inflation and rising building and material expenses, you should be able to regularly mark up your purchase prices.
Number of New Jobs Created
Knowing how many jobs are created every year in the community can add to your confidence in an area’s real estate market. A growing job market indicates that a larger number of people are confident in investing in a house there. With additional jobs created, new potential buyers also migrate to the region from other places.
Hard Money Loan Rates
Real estate investors who work with renovated properties often utilize hard money loans rather than regular loans. Hard money funds allow these buyers to pull the trigger on pressing investment projects right away. Research top-rated Kentwood hard money lenders and contrast financiers’ fees.
If you are inexperienced with this loan product, discover more by studying our article — What Is a Hard Money Loan in Real Estate?.
Wholesaling
As a real estate wholesaler, you enter a sale and purchase agreement to buy a property that other investors might want. When an investor who needs the residential property is found, the sale and purchase agreement is sold to them for a fee. The seller sells the home to the investor instead of the wholesaler. The wholesaler does not sell the property under contract itself — they just sell the purchase contract.
Wholesaling relies on the participation of a title insurance company that is experienced with assigned real estate sale agreements and comprehends how to work with a double closing. Discover Kentwood title companies that work with wholesalers by utilizing our directory.
Our complete guide to wholesaling can be viewed here: Property Wholesaling Explained. When following this investment strategy, place your company in our directory of the best real estate wholesalers in Kentwood MI. This will allow any possible partners to locate you and get in touch.
Factors to Consider
Median Home Prices
Median home prices in the area will inform you if your ideal price range is possible in that location. A market that has a sufficient supply of the marked-down residential properties that your clients want will have a low median home purchase price.
A fast drop in the market value of property may cause the abrupt availability of properties with owners owing more than market worth that are desired by wholesalers. Wholesaling short sale homes regularly delivers a number of particular perks. Nonetheless, be cognizant of the legal risks. Learn about this from our guide Can You Wholesale a Short Sale?. When you’ve resolved to attempt wholesaling short sale homes, be certain to employ someone on the list of the best short sale lawyers in Kentwood MI and the best mortgage foreclosure lawyers in Kentwood MI to assist you.
Property Appreciation Rate
Median home price fluctuations explain in clear detail the housing value in the market. Some real estate investors, including buy and hold and long-term rental investors, specifically need to know that home prices in the city are going up over time. Decreasing purchase prices illustrate an unequivocally weak leasing and housing market and will scare away real estate investors.
Population Growth
Population growth information is an indicator that investors will consider carefully. If the community is growing, new housing is required. This combines both rental and ‘for sale’ properties. If a region is shrinking in population, it does not require more residential units and real estate investors will not look there.
Median Population Age
A good residential real estate market for real estate investors is strong in all aspects, notably tenants, who evolve into home purchasers, who transition into more expensive homes. To allow this to be possible, there has to be a solid employment market of prospective tenants and homeowners. A community with these attributes will show a median population age that mirrors the working person’s age.
Income Rates
The median household and per capita income will be improving in a friendly real estate market that real estate investors want to participate in. If renters’ and homebuyers’ wages are going up, they can handle soaring lease rates and real estate purchase prices. That will be important to the real estate investors you need to attract.
Unemployment Rate
Investors will pay close attention to the location’s unemployment rate. Overdue lease payments and default rates are widespread in places with high unemployment. This adversely affects long-term investors who need to lease their property. Investors can’t rely on renters moving up into their properties if unemployment rates are high. This is a concern for short-term investors buying wholesalers’ contracts to rehab and resell a house.
Number of New Jobs Created
The number of additional jobs being produced in the city completes a real estate investor’s estimation of a prospective investment site. People settle in a community that has more job openings and they need housing. Long-term investors, such as landlords, and short-term investors such as flippers, are gravitating to markets with strong job creation rates.
Average Renovation Costs
An important variable for your client investors, especially fix and flippers, are renovation expenses in the region. The purchase price, plus the expenses for rehabbing, should be lower than the After Repair Value (ARV) of the real estate to create profitability. The less expensive it is to update a unit, the more lucrative the location is for your potential purchase agreement buyers.
Mortgage Note Investing
Note investing involves purchasing a loan (mortgage note) from a mortgage holder for less than the balance owed. This way, you become the mortgage lender to the first lender’s client.
Performing loans mean loans where the borrower is consistently current on their mortgage payments. They give you stable passive income. Non-performing mortgage notes can be re-negotiated or you could buy the collateral for less than face value by initiating a foreclosure procedure.
Someday, you might have a large number of mortgage notes and necessitate more time to service them on your own. When this happens, you might choose from the best mortgage loan servicers in Kentwood MI which will make you a passive investor.
Should you decide to adopt this strategy, append your venture to our directory of companies that buy mortgage notes in Kentwood MI. Joining will make your business more visible to lenders providing profitable opportunities to note buyers like yourself.
Factors to Consider
Foreclosure Rates
Performing note buyers are on lookout for areas having low foreclosure rates. If the foreclosures are frequent, the market might still be desirable for non-performing note buyers. The locale ought to be active enough so that note investors can foreclose and resell collateral properties if needed.
Foreclosure Laws
It is critical for mortgage note investors to learn the foreclosure regulations in their state. Some states require mortgage documents and some require Deeds of Trust. You may need to obtain the court’s approval to foreclose on a property. You do not need the judge’s permission with a Deed of Trust.
Mortgage Interest Rates
Purchased mortgage loan notes have a negotiated interest rate. Your mortgage note investment return will be influenced by the interest rate. Interest rates influence the plans of both kinds of note investors.
Traditional lenders price different mortgage loan interest rates in various parts of the United States. Private loan rates can be moderately more than conventional mortgage rates due to the larger risk dealt with by private mortgage lenders.
A mortgage loan note buyer needs to be aware of the private as well as traditional mortgage loan rates in their areas at any given time.
Demographics
An effective mortgage note investment strategy uses a review of the region by utilizing demographic information. Investors can discover a great deal by studying the size of the populace, how many citizens have jobs, how much they earn, and how old the people are.
Performing note investors require customers who will pay as agreed, creating a repeating revenue flow of mortgage payments.
Non-performing mortgage note purchasers are looking at comparable indicators for various reasons. In the event that foreclosure is called for, the foreclosed house is more easily liquidated in a strong market.
Property Values
Lenders need to see as much equity in the collateral as possible. This increases the possibility that a potential foreclosure auction will repay the amount owed. The combination of loan payments that lessen the mortgage loan balance and annual property value growth expands home equity.
Property Taxes
Typically, lenders collect the house tax payments from the homebuyer every month. That way, the lender makes sure that the taxes are paid when payable. The lender will have to compensate if the payments cease or they risk tax liens on the property. If a tax lien is put in place, it takes first position over the lender’s note.
If property taxes keep going up, the borrowers’ house payments also keep increasing. This makes it difficult for financially challenged homeowners to stay current, so the loan might become past due.
Real Estate Market Strength
A location with increasing property values promises strong opportunities for any mortgage note investor. Since foreclosure is an essential component of note investment planning, appreciating property values are key to discovering a good investment market.
A strong real estate market might also be a potential place for initiating mortgage notes. This is a desirable source of income for experienced investors.
Passive Real Estate Investing Strategies
Syndications
A syndication means a group of investors who merge their funds and knowledge to invest in real estate. The syndication is organized by a person who recruits other people to participate in the venture.
The partner who pulls everything together is the Sponsor, sometimes called the Syndicator. It is their duty to conduct the purchase or development of investment assets and their use. They are also in charge of distributing the investment revenue to the remaining investors.
The partners in a syndication invest passively. In exchange for their money, they have a priority status when profits are shared. These investors have no obligations concerned with overseeing the company or supervising the use of the assets.
Factors to Consider
Real Estate Market
Choosing the type of area you want for a successful syndication investment will compel you to pick the preferred strategy the syndication venture will be operated by. The previous sections of this article talking about active real estate investing will help you determine market selection criteria for your possible syndication investment.
Sponsor/Syndicator
Because passive Syndication investors rely on the Syndicator to oversee everything, they need to investigate the Sponsor’s reputation carefully. They ought to be an experienced real estate investing professional.
He or she might not have own money in the syndication. But you need them to have funds in the investment. Some deals consider the work that the Syndicator performed to assemble the project as “sweat” equity. Some ventures have the Syndicator being paid an upfront payment in addition to ownership share in the partnership.
Ownership Interest
The Syndication is wholly owned by all the owners. When the company includes sweat equity participants, look for partners who provide money to be rewarded with a more significant percentage of interest.
If you are putting funds into the project, expect preferential payout when net revenues are disbursed — this enhances your returns. Preferred return is a percentage of the capital invested that is distributed to cash investors from net revenues. All the participants are then given the remaining net revenues determined by their percentage of ownership.
If partnership assets are sold for a profit, the profits are distributed among the members. In a strong real estate environment, this can produce a large boost to your investment returns. The operating agreement is cautiously worded by a lawyer to set down everyone’s rights and responsibilities.
REITs
A REIT, or Real Estate Investment Trust, means a firm that makes investments in income-producing assets. REITs were developed to enable average investors to invest in properties. The average person can afford to invest in a REIT.
Shareholders’ participation in a REIT classifies as passive investing. Investment risk is spread across a package of real estate. Investors can unload their REIT shares anytime they need. Members in a REIT aren’t allowed to recommend or select assets for investment. Their investment is limited to the assets chosen by the REIT.
Real Estate Investment Funds
A Real Estate Investment Fund is a mutual fund that holds stocks of real estate companies. The investment real estate properties aren’t possessed by the fund — they are owned by the businesses the fund invests in. This is an additional method for passive investors to diversify their portfolio with real estate avoiding the high startup cost or liability. Real estate investment funds aren’t required to pay dividends unlike a REIT. The return to investors is created by growth in the worth of the stock.
Investors can pick a fund that concentrates on specific categories of the real estate industry but not specific areas for individual real estate investment. Your decision as an investor is to pick a fund that you rely on to handle your real estate investments.
Housing
Kentwood Housing 2024
The city of Kentwood shows a median home market worth of , the state has a median market worth of , while the median value nationally is .
The annual residential property value appreciation percentage has been through the past ten years. The state’s average over the recent 10 years has been . Across the country, the per-year appreciation percentage has averaged .
Speaking about the rental industry, Kentwood shows a median gross rent of . The same indicator across the state is , with a countrywide gross median of .
The percentage of people owning their home in Kentwood is . of the entire state’s population are homeowners, as are of the populace throughout the nation.
of rental homes in Kentwood are leased. The rental occupancy percentage for the state is . The national occupancy rate for rental residential units is .
The total occupancy percentage for homes and apartments in Kentwood is , at the same time the vacancy rate for these units is .
Real Estate Trends
Kentwood Home Appreciation Rates
https://housecashin.com/investing-guides/investing-kentwood-mi/#home_appreciation_rates_10
Kentwood Home Value
https://housecashin.com/investing-guides/investing-kentwood-mi/#home_value_10
Kentwood Median Home Value
https://housecashin.com/investing-guides/investing-kentwood-mi/#median_home_value_10
Kentwood Median Gross Rent
https://housecashin.com/investing-guides/investing-kentwood-mi/#median_gross_rent_10
Kentwood Price To Rent Ratio Over Time
https://housecashin.com/investing-guides/investing-kentwood-mi/#price_to_rent_ratio_over_time_10
Kentwood Home Ownership
Kentwood Rent & Ownership
https://housecashin.com/investing-guides/investing-kentwood-mi/#rent_&_ownership_11
Kentwood Rent Vs Owner Occupied By Household Type
https://housecashin.com/investing-guides/investing-kentwood-mi/#rent_vs_owner_occupied_by_household_type_11
Kentwood Occupied & Vacant Number Of Homes And Apartments
https://housecashin.com/investing-guides/investing-kentwood-mi/#occupied_&_vacant_number_of_homes_and_apartments_11
Kentwood Household Type
https://housecashin.com/investing-guides/investing-kentwood-mi/#household_type_11
Kentwood Property Types
Kentwood Age Of Homes
https://housecashin.com/investing-guides/investing-kentwood-mi/#age_of_homes_12
Kentwood Types Of Homes
https://housecashin.com/investing-guides/investing-kentwood-mi/#types_of_homes_12
Kentwood Homes Size
https://housecashin.com/investing-guides/investing-kentwood-mi/#homes_size_12
Marketplace
Kentwood Investment Property Marketplace
If you are looking to invest in Kentwood real estate, our Investment Property Marketplace can become your indispensable tool in your investing business. To help you easily find the best off-market deals in the Kentwood area, we created a nationwide investor-friendly online platform. Use it to shop for lucrative off-market properties for sale according to your specific buying criteria.
Unlike other real estate listing websites, our marketplace’s interface is particularly designed for investors. Besides the purchase price, you can see other, essential to investors, key indicators such as: rehab costs and ARV, potential profit, FSBO, or realtor-assisted deal, and others. To get started, visit our marketplace and search for Kentwood investment properties for sale.
Kentwood Investment Properties for Sale
Search Properties By
Financing
Kentwood Real Estate Investing Financing
If you are looking for a loan to finance investment property purchase, rehab or ground up construction in Kentwood MI, easily get quotes from multiple lenders at once and compare rates.
Fill out our quick online real estate financing application form to receive multiple quotes for your preferred type of loan from our preferred Kentwood private and hard money lenders.
Kentwood Investment Property Loan Types
- Rehab Loans
- Fix and Flip Loans
- Bridge Loans
- Asset Based Loans
- Cash Out/Refinance Loans
- Transactional Funding
- Transactional Hard Money Loans
- Private Money Loans
- New Construction Loans
Population
Kentwood Population Trends
Kentwood has an overall population of .
The population’s growth rate over the last ten years has been . During that term, the state recorded a growth rate of . The United States’ growth rate throughout the same term was .
When you divide it up yearly, the average population growth rate in Kentwood is , compared to the state average growth rate of . The nationwide average population growth rate throughout that cycle was .
The median age in Kentwood is .
Kentwood Population Over Time
https://housecashin.com/investing-guides/investing-kentwood-mi/#population_over_time_24
Kentwood Population By Year
https://housecashin.com/investing-guides/investing-kentwood-mi/#population_by_year_24
Kentwood Population By Age And Sex
https://housecashin.com/investing-guides/investing-kentwood-mi/#population_by_age_and_sex_24
Economy
Kentwood Economy 2024
Kentwood has recorded a median household income of . The median income for all households in the state is , in contrast to the nationwide median which is .
The average income per person in Kentwood is , as opposed to the state level of . The populace of the United States overall has a per capita income of .
Currently, the average wage in Kentwood is , with a state average of , and a national average figure of .
The unemployment rate is in Kentwood, in the entire state, and in the nation in general.
On the whole, the poverty rate in Kentwood is . The general poverty rate for the state is , and the United States’ rate stands at .
Kentwood Residents’ Income
Kentwood Median Household Income
https://housecashin.com/investing-guides/investing-kentwood-mi/#median_household_income_27
Kentwood Per Capita Income
https://housecashin.com/investing-guides/investing-kentwood-mi/#per_capita_income_27
Kentwood Income Distribution
https://housecashin.com/investing-guides/investing-kentwood-mi/#income_distribution_27
Kentwood Poverty Over Time
https://housecashin.com/investing-guides/investing-kentwood-mi/#poverty_over_time_27
Kentwood Property Price To Income Ratio Over Time
https://housecashin.com/investing-guides/investing-kentwood-mi/#property_price_to_income_ratio_over_time_27
Kentwood Job Market
Kentwood Employment Industries (Top 10)
https://housecashin.com/investing-guides/investing-kentwood-mi/#employment_industries_(top_10)_28
Kentwood Unemployment Rate
https://housecashin.com/investing-guides/investing-kentwood-mi/#unemployment_rate_28
Kentwood Employment Distribution By Age
https://housecashin.com/investing-guides/investing-kentwood-mi/#employment_distribution_by_age_28
Kentwood Average Salary Over Time
https://housecashin.com/investing-guides/investing-kentwood-mi/#average_salary_over_time_28
Kentwood Employment Rate Over Time
https://housecashin.com/investing-guides/investing-kentwood-mi/#employment_rate_over_time_28
Kentwood Employed Population Over Time
https://housecashin.com/investing-guides/investing-kentwood-mi/#employed_population_over_time_28
Schools
Kentwood School Ratings
The school system in Kentwood is K-12, with grade schools, middle schools, and high schools.
of public school students in Kentwood graduate from high school.
Kentwood School Ratings
https://housecashin.com/investing-guides/investing-kentwood-mi/#school_ratings_31