Which metrics matter for valuing single-family rentals in secondary vs primary markets
I often get asked whether the same valuation metrics apply when comparing single-family rentals (SFRs) in secondary markets versus primary markets. The short answer is: the metrics themselves are the same, but their relative importance, interpretation and the assumptions you attach to them should change based on market context. Below I walk through the specific metrics I use, how I adjust them between market types, and practical ways to test...