100715 . 22 Home SFR Beaumont-Port Arthur TX

100715 . 22 Home SFR Beaumont-Port Arthur Beaumont, TX 77705

100715 . 22 Home SFR Beaumont-Port Arthur, Beaumont, TX, 77705
100715 . 22 Home SFR Beaumont-Port Arthur, Beaumont, TX, 77705
FOR SALE
Property Type:
Other Residential
Amount:
$1,900,000
Cap Rate:
9.72%
Last Verified:
Sep 14, 2021

For more information visit www.SFRhub.com and search for portfolio 100715 Located about 85 miles East of Houston, Texas, this SFR investment portfolio opportunity offers an investor immediate cash flow in the growing Beaumont-Port Arthur market area. The average vintage of homes in this portfolio is 1962. The majority of the homes are 3 and 4 bedrooms and the floor plans of the homes offer average living square footage of 1,234 sf., which is an ideal mix for today’s renter profile. Rental rates throughout the portfolio are roughly 11% below projected market rates, which are continuing to climb in this submarket and will continue bringing increased cash flow to the investor’s bottom line over the next few years. According to zumper.com, Beaumont-Port Arthur rents are at a 9% increase compared to last year. The seller has been investing in SFRs for over 10 years and typically holds for 7 to 8 years. Now they want to start focusing on BFR (Build For Rent) homes in the Houston area. The asking price per home in this portfolio is $86,364 and is 54% lower than the entry-level median home values in Beaumont of $188,900. According to Neighborhoodscout.com, home values in Beaumont-port Arthur are up 7% YOY and are projected to grow 4.3% in the next year. Single-family detached homes have the largest share of any housing type in Beaumont, accounting for approximately 65.1% of the city’s housing units and 47.9% of these single-family homes are occupied by renters. The tenants in the portfolio have all had background checks and are primarily workforce tenants. All SVN® Offices Independently Owned & Operated Local Broker License Information: www.SFRhub.com/realstatelicensing

Additional URLs

Map of 100715 . 22 Home SFR Beaumont-Port Arthur, Beaumont, TX, 77705

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.