Houston TX SFR Dynamic Portfolio

Listing was updated at: 07/29/2020
Property Overview
Price/Rent PSF $ 29,953,900.00
Asset Type Multifamily
Trade Type Sale
SQ. FT. Available 282,480
Date Available 02/04/2020
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Houston is one of the largest cities in the country, it also is the fastest growing city across the United States. According to the US Census, Houston has an estimated 2017 population of 2.3 million, a 10.4% increase since 2010.1 As Houston is incredibly large and business-friendly, people with an entrepreneurial spirit are attracted to the city. Houston homes multiple large economical giants such as the oil and gas industries, as well as manufacturing and health care. In addition, Houston is home to a thriving business economy that has rapidly diversified from its strong energy base. This economic diversification includes growth in high-technology industries, medical research, health care, and professional services. Houston is home to many businesses including corporate headquarters for almost two dozen of the Fortune 500 companies. Houston is also well-known for being home to NASA’s Space Center. A study in 2016 reported that the Space Center Houston has a $73 million annual economic impact on the greater Houston area, generating jobs and millions of dollars in personal income.2

As per U.S. News ranking, Houston was placed at #26 in Best Places to Live and #26 in Best Places to Retire.3 The overall education level of Houston citizens is higher than the typical US community, as 31.15% of adults in Houston have at least a bachelor's degree, and the average American community has 21.84%. The median household income of a Houston family is about $45,728 according to BestPlaces.net. Dining is considered a pastime in the region as there are over 11,000 restaurants ranging from award-winning establishments to small mom-and-pop international restaurants.

A dynamic portfolio is an SFR or BFR portfolio where the number of homes available for purchase changes on a regular or fluid basis. The portfolio may consist of existing assets (SFR) or new construction (BFR) standing inventory builder homes. Properties may be added or removed by the seller at any time. Once the buyer is prepared to enter into a binding offer, the number of homes is finalized and locked down for closing. These dynamic portfolios are cherry-pickable with a minimum required purchase of five homes. This allows an investor to select only those homes that meet their specific investment criteria, whether by cash flow, location, return projections, valuation, or many other key components to a buyer’s ‘Buy Box’.

This Houston area dynamic SFR portfolio offers a number of investment homes available for purchase and provides acquisition flexibility for the buyer. This dynamic portfolio consists of existing SFR properties in which the seller may add or remove as availability changes weekly. The number of properties is locked down for the transaction once the purchase contract is accepted by all parties. This SFR dynamic portfolio is cherry-pickable with a minimum purchase of five homes, allowing an investor to select only those homes that meet their specific investment criteria. With the ability to customize the portfolio, investors can purchase in bulk directly from the seller on SFRhub.com while creating the highest yields and returns.

The homes in this portfolio have completed recent renovations and are in like-new market condition. Lower repair expenses and capital expenditures that may decrease operating expenses, increasing the bottom-line net operating income (N.O.I.). The SFR portfolio is comprised of rental homes located throughout the Houston metropolitan area including, but not limited to, Cypress, Humble, Kingwood, Missouri City, Montgomery, Pearland, Rosenberg and Spring.

The Houston market is currently growing in both employment rates (3.5%) and household size (2.3%), according to *John Burns Real Estate Consulting. Home occupancy rates are at an incredibly high rate of 90.2%. The median single-family rent is approximately $1,520 per month, with a YOY growth of 2.4% from 2017.