Today, we are talking about the advantages of investing in real estate in the Cary, North Carolina market. Cary is centrally located in the Research Triangle region of North Carolina. It’s close to Raleigh, Durham, Chapel Hill and RTP.
Getting in and out of Cary is convenient. Raleigh Durham International Airport is at the footsteps of Cary and it’s easily accessible to residents, thanks to the fine road networks coming in and out of the city. Cary has some of the best schools in the state, which attracts upwardly mobile families. The personal income level of residents is higher than other parts of the Research Triangle. This provides a great pool of applicants for landlords.
Return on Investment
Property taxes are low in Cary and there is a stable real estate market. The appreciation of properties in this community is projected to run around three to four percent in the short term. Rental rates tend to follow the appreciation market, and they remain strong in the current market. The number of days on market, which is your vacancy rate, tends to be lower than in other parts of the state. Buying an investment property here means you will have high rents, qualified tenants, low vacancy and the potential to earn an excellent return on your investment. These factors combine to make Cary an outstanding investment location.
If you have any questions about why you should invest in Cary, please contact us at Phoenix Property Management, and we’d be happy to tell you more.