Are you looking for greater cash flow value or net appreciative value? Upper price point will predicate a different client and possibly a substantially greater appreciable value.
$1250 client will want a single family residential 3 bedroom 2 bath nice neighborhood, fenced yard, washer dryer, on the westside. This is NOT a $60,000 house. However this is an appreciating asset.
A $650 client will take most anything in a Single Family residiential property in a westside neighborhood.This is also not a $60,000 property.
A $400 client will expect not much.
The available inventory of livable rentals homes and apartment in this market is --- 0,
(according to the soon to be released ERDA report. The Houston consulting firm hired to do this market study stated they have never encounter rental statistics like this before in any market they have studied)
The clients looking for rentals are substantial in number generating 3-4 serious new calls a day at rental agencies.