Why Rental Loans in New York & New Jersey are a Solid Investment Move

It never fails: year after year the New York and New Jersey real estate markets are some of the most profitable in terms of transactional activity and valuation. The New York City-Brooklyn area is forecasted by PwC in its annual report to be one of the best investment locations in the entire country. Likewise, New Jersey experienced a 1.8% collective increase in home values last year and is expected to grow another 3.6% by 2022. New Jersey benefits from its proximity to New York City and Philadelphia and is expected to increase in popularity as individuals employed in crowded urban areas seek more bang for their buck amidst the fallout of the COVID-19 pandemic. Savvy investors can take advantage of these ideal market conditions with a rental loan from Express Capital Financing. With flexible terms and a streamlined application process, Express Capital Financing ensures that you have the money you need when you need it. No more waiting months on end for the capital you need to expand your investment portfolio. Here are some of the most promising up-and-coming markets in New York and New Jersey that are primed for investors to leverage the numerous benefits of an Express Capital Financing rental loan to grow their investment business.

REDWOOD, NEW YORK

A scenic rural community, Redwood is the ideal place to acquire a rental property in the entire state. It is one of the most affordable areas in New York, with an average property value nearly four times under the state average. Additionally, its cost of living is approximately 21.5% under the national median. Redwood boasts a high rental income average and return on investment of over 14%, which leads the market in the state. With an average rental income of $1,590 and a median property price of only $121,450, there are abundant opportunities for real estate investors to capitalize.

WEEHAWKEN, NEW JERSEY

This area functions as an overflow market of sorts for nearby Hoboken. The average property value in Weehawken is $768,800 and the town is significantly less crowded with more room development than Hoboken. Its prime position just across the river from New York City means that landlords will always be able to count on a steady stream of tenants. The average rent price in Weehawken is $3,269, which is an astonishing 81% higher than the state average. Investors should take note of this burgeoning investment location and get their foot in the door before the competition for viable properties becomes too high.

It never fails: year after year the New York and New Jersey real estate markets are some of the most profitable in terms of transactional activity and valuation. The New York City-Brooklyn area is forecasted by PwC in its annual report to be one of the best investment locations in the entire country. Likewise, New Jersey experienced a 1.8% collective increase in home values last year and is expected to grow another 3.6% by 2022. New Jersey benefits from its proximity to New York City and Philadelphia and is expected to increase in popularity as individuals employed in crowded urban areas seek more bang for their buck amidst the fallout of the COVID-19 pandemic. Savvy investors can take advantage of these ideal market conditions with a rental loan from Express Capital Financing. With flexible terms and a streamlined application process, Express Capital Financing ensures that you have the money you need when you need it. No more waiting months on end for the capital you need to expand your investment portfolio. Here are some of the most promising up-and-coming markets in New York and New Jersey that are primed for investors to leverage the numerous benefits of an Express Capital Financing rental loan to grow their investment business.

REDWOOD, NEW YORK

A scenic rural community, Redwood is the ideal place to acquire a rental property in the entire state. It is one of the most affordable areas in New York, with an average property value nearly four times under the state average. Additionally, its cost of living is approximately 21.5% under the national median. Redwood boasts a high rental income average and return on investment of over 14%, which leads the market in the state. With an average rental income of $1,590 and a median property price of only $121,450, there are abundant opportunities for real estate investors to capitalize.

WEEHAWKEN, NEW JERSEY

This area functions as an overflow market of sorts for nearby Hoboken. The average property value in Weehawken is $768,800 and the town is significantly less crowded with more room development than Hoboken. Its prime position just across the river from New York City means that landlords will always be able to count on a steady stream of tenants. The average rent price in Weehawken is $3,269, which is an astonishing 81% higher than the state average. Investors should take note of this burgeoning investment location and get their foot in the door before the competition for viable properties becomes too high.

CHERRY HILL, NEW JERSEY

The community of Cherry Hill is a major draw for individuals that find the prices in the Philadelphia and New York City real estate markets to be too excessive for their budgets. The average rental price is around $1,396 and the school systems are top-notch—making it a sought-after residence for families with children. The area has had a high number of foreclosures in recent times, which could present fantastic opportunities for real estate investors to snag a premium property at a below-market price.

PALATINE BRIDGE, NEW YORK

Palatine Bridge is a historical destination, boasting several pre-World War II architectural marketplaces. Additionally, the area is a leading market for investment properties in the state as it has comparatively low property prices, astronomical rental income of nearly $1,600 and a cash on cash return of 12%. The cost of living is also an impressive 19.3% under the national average, meaning renters have more money to spare. Collectively, these market conditions make Palatine Bridge a fantastic investment option for the savvy investor.

If you are looking to enter the rental loan space, get in touch with the private lending experts at Express Capital Financing. We offer great rates and would love to partner with you on your next rental loan.

The community of Cherry Hill is a major draw for individuals that find the prices in the Philadelphia and New York City real estate markets to be too excessive for their budgets. The average rental price is around $1,396 and the school systems are top-notch—making it a sought-after residence for families with children. The area has had a high number of foreclosures in recent times, which could present fantastic opportunities for real estate investors to snag a premium property at a below-market price.

PALATINE BRIDGE, NEW YORK

Palatine Bridge is a historical destination, boasting several pre-World War II architectural marketplaces. Additionally, the area is a leading market for investment properties in the state as it has comparatively low property prices, astronomical rental income of nearly $1,600 and a cash on cash return of 12%. The cost of living is also an impressive 19.3% under the national average, meaning renters have more money to spare. Collectively, these market conditions make Palatine Bridge a fantastic investment option for the savvy investor.

If you are looking to enter the rental loan space, get in touch with the private lending experts at Express Capital Financing. We offer great rates and would love to partner with you on your next rental loan.