Welcome to Boise Investment Properties
We are invested. We are not only invested in our client’s success, but we are also invested in the Boise rental market. That’s right, we are real estate investors too.
Boise Investment Properties is a team with Swope Investment Properties that specializes in the purchase and sale of income properties; such as duplexes, triplexes, four plexes, and small apartments. Swope Investment Properties is the #1 Residential Income Property brokerage in Boise. Home sales agents with the big brokerages don’t have the technical and financial expertise to sell investment properties.
Let us show you the tools needed to help buy the right investment property or how to maximize the sales price of your rental.
There were only 5 four plexes sold within Ada County (Boise, Meridian, Eagle, Star, and Kuna) in October. Two were in Meridian and the remaining three were in Boise. The average sold price was $660,000, with a high of $807,500. Cap rates continue to trend downward as values increase faster than rents. Although Boise rents continue to rise, they are doing so at a much more moderate rate. Due to the low inventory, we believe cap rates will continue to trend downward.
The average Gross Rent Multiplier (GRM) for Ada County four plexes continues to climb at a steady rate. The average GRM in October was 167 with a low of 152 and a high of 174.
At what point will investors find the returns too slim and what effects will that have here in Boise? Will there be a big push to increase rents to make the investments pencil, or will investors continue settle for less cash flow?