Median Lease: $1,200 – Reduced from previous $1,250.

Average Lease: $1,377 – Reduced from previous $1,425.

Avg. Days on Market: 32 – Increased from previous 27 days.

Rent Check Quotient™: 2 : 5 – Remains stable.

Closed Rental: 2,671 – Reduced from previous 2883 homes.

Rent Check Quotient™ (RCQ™) is the ratio of closed rentals and closed sales.

Cap rates and Cash on Cash are still above 5%, It’s still good time to ACT!