Cyber Monday’s Top Investment Bargains

November 28, 2016

On Cyber Monday, everyone is looking for a great deal, and real estate may have plenty to offer today too.

HomeUnion, an online real estate investment and management firm, released a list of the best places to find online bargains for investment housing on Cyber Monday.

In markets like Chicago, Greenville, S.C., and Birmingham, Ala., investors may have the best chances of scoring wintertime discounts on a single-family rental property. Investors could potentially save 11 percent in these markets by buying properties today. Median home prices in these markets are $109,000 in the winter months compared to $122,000 during the spring and summer buying season. What’s more, HomeUnion says their stats show that investors can capitalize on double-digit increases in cap rates and solid yields on Cyber Monday alone.

“Cyber Monday is the perfect time for investors to shop for these SFRs, since they will already be taking advantage of seasonal discounts,” says Steve Hovland, director of research for HomeUnion. “In all of the metros HomeUnion operates in, median home prices decline significantly on Cyber Monday. Before the Fed raises interest rates in December, investors would be well-advised to acquire income-producing SFR assets using leverage at this time.”

HomeUnion based its list of the top online bargains for single-family rentals on each metro’s cap rates. Here are the metros that topped their Cyber Monday’s watchlist:

Source: HomeUnion