Home Buying in Cary>Question Details

Bill, Home Buyer in Naperville, IL

Is there a home rental market in Cary?

Asked by Bill, Naperville, IL Wed Feb 13, 2013

This question was asked from this property: http://=www.trulia.com/property/3108748817-2916-Blarneystone-Ln-Car… target="_blank" rel="nofollow">http://www.trulia.com/property/3108748817-2916-Blarneystone-…

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Geoff Ommen’s answer
Yes there is demand for rental homes in Cary. This property would be a possible candidate, depending on the ROI you are looking for. A substantial portion of the investment activity currently has been for flips, leaving little inventory for the rental market. I have been working with investors for flips and rentals in Cary and several of the surrounding cities. If you would like to investigate the area further, feel free to reach out.

Geoff Ommen
Broker Baird & Warner
0 votes Thank Flag Link Wed Feb 13, 2013
Flag Wed Feb 13, 2013
What kind of cap rat would something like this generate?
Flag Wed Feb 13, 2013
Absolutely! There are always people looking for good rentals in Cary.. Good Schools, train, etc....
0 votes Thank Flag Link Wed Feb 13, 2013
What would this possibly rent for? If I'm doing a cash purchase, could I expect a discount from the listing price?
Flag Fri Feb 15, 2013
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