Why buying under market value is not always a good idea
Most investors believe that sourcing a bargain property is like striking gold, but one expert explains why it could signal trouble. ...
Also in BROOKLYN, the median home price is sitting at $850,000, and the average rent at $550, this suggests property owners could potentially earn a 3.36% increase in gross rental yield.
Property investors have seen a -0.58% drop in BROOKLYN based on a decrease in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 12.45% growth over a ten-year period. It ranks 3050th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $850,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -0.58% | N/A |
| Median 12 month | N/A | N/A |
| Median 3 years | 6.58% | N/A |
| Median 5 years | 1.8% | N/A |
| 10 years average annual | 12.45% | N/A |
| Weekly media advert. rent | $550 | N/A |
| Time on Market | 99.3 days | N/A |
| Gross Rental Yield Percent | 3.36% | N/A |
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