Gross Cap Rates by MSA

Gross cap rate—the ratio of rent to purchase price—remains the cleanest single-metric screen for single-family rental (SFR) strategy. We here calculate that ratio for the largest U.S. metropolitan statistical areas (MSAs), using matched price and rent

Gross cap rate—the ratio of rent to purchase price—remains the cleanest single-metric screen for single-family rental (SFR) strategy. We here calculate that ratio for the largest U.S. metropolitan statistical areas (MSAs), using matched price and rent data for a representative single-family asset.

The exercise is intentionally spare. By stripping out ope…