Single-Family Rentals in Houston Seeing Robust Returns
A report from Roofstock.com, an online marketplace for housing investments, found that in Houston, single-family rental investors are seeing average annual returns of 12.8 percent, just below the national average.
These rental investments are surpassing returns on stocks and bonds; bonds saw an average 3 percent annual yield. Roofstock CEO and co-founder Gary Beasley said in an announcement that single-family rentals have, "historically been considerably less volatile than stocks and bonds and generates consistent monthly income," The Houston Chronicle reports.
"After a booming 2017, first-quarter turbulence in the stock market was an abrupt wake-up call for investors," said Beasley. Roofstock crunched the numbers including data from the S&P 500, the Federal Reserve, U.S. Census Bureau and Zillow. The Oakland, Calif.-based company provides an online marketplace for buying and selling leased single-family rental houses. It operates in 25 markets across the U.S. and has 30 listings in Texas.