OAKLAND, Calif.--(BUSINESS WIRE)--Roofstock, the leading online marketplace for investing in single-family rental homes, today announced that it has expanded into Memphis, the largest city in Tennessee. With the addition of Memphis, Roofstock now features single-family rental real estate in 13 markets across the U.S. including Atlanta, Dallas, Tampa, Indianapolis, Jacksonville, Las Vegas, Miami, North Carolina, Orlando, Riverside/San Bernardino, San Francisco/East Bay and Southwest Florida.
“We are pleased to welcome Memphis to the growing Roofstock marketplace,” said Gary Beasley, co-founder and chief executive officer at Roofstock. “We are always listening to our customers, and decided to accelerate our launch of Memphis based on feedback indicating this was a place investors wanted us to be.”
Roofstock’s expansion into the Memphis market illustrates another step forward in the company’s journey to help investors and consumers find, evaluate and invest in a variety of single-family rental markets around the country. Memphis’ rental market currently offers some of the most attractive gross rental yields of any market in the country, averaging close to 12 percent. According to John Burns Real Estate Consulting, the single-family rent-to-income ratio in Memphis is among the most affordable in the southeast region of the United States.
As the third largest city in the greater southeastern United States and Tennessee’s economic center, Memphis’ real estate market is ripe with growth opportunities. The Memphis market’s modest entry price point, compared to other popular southeastern markets, like Atlanta, Orlando, Jacksonville, and Memphis neighbor, Nashville, also reduces investors' barrier to entry, as shared by John Burns Real Estate Consulting.
Roofstock, a first-of-its-kind platform, uses proprietary technology to connect buyers and sellers of cash-flowing rental properties. The marketplace helps investors to research and purchase U.S. rental properties, online, from 13 different markets in the U.S.
The platform also makes available detailed inspection, valuation and title reports, as well as information about the tenants and local certified property managers. The company stands behind its marketplace with a bold 30-day Money-Back Guarantee.
Headquartered in Oakland, California, Roofstock is the leading online marketplace for investing in single-family rental homes. The company’s marketplace and experienced real estate investment advisors provide research-backed analytics and insights to help investors evaluate and purchase certified properties at prices that reflect both market and property conditions. Roofstock features single-family rental real estate in 13 markets across the U.S. including Memphis, Atlanta, Dallas, Tampa, Indianapolis, Jacksonville, Las Vegas, Miami, North Carolina, Orlando, Riverside/San Bernardino, San Francisco/East Bay and Southwest Florida.
To learn more about Roofstock, please visit: http://www.roofstock.com