Raleigh SFR Dynamic Portfolio

Listing was updated at: 04/26/2020
Property Overview
Price/Rent PSF $ 5,030,000.00
Asset Type Multifamily
Trade Type Sale
SQ. FT. Available 40,220
Date Available 02/04/2020
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Raleigh is a relatively large city in the state of North Carolina with an estimated population of 469,298 as of 2018. According to NeighborhoodScout® Raleigh’s residents work in office and administrative support (12.5%), management occupations (12.17), and sales jobs (12.3%). In addition Raleigh has more residents who work in computers and math compared to 95% of the US. According to NeighborhoodScout®, the city of Raleigh is popular for single career-starters, as a lot of residents are young, single, educated and upwardly mobile career starters. Education levels in Raleigh are among the highest in the United States, as 49.96% of the population of 25-year-olds and older have at least a bachelor's degree. The median household income, according to the US Census, is $61,505 and the per capita income in the past 12 months is $35, 094.

U.S. News recently ranked Raleigh #10 as Best Places to Live and #15 in Best Places to Retire. According to BestPlaces, Raleigh has an estimated future job growth over the next ten years of 44.2%, compared to the US average of 33.5%. The major employing industries are technology, healthcare and education. Raleigh’s Gross Metro Product is $76.6 as the city is part of North Carolina’s Research Triangle, one of the country’s largest and most successful research parks. The area is also home to a major center for high-tech and biotech research in addition to colleges and universities, creating a notable economic impact on the area.

North Carolina is the 9th most populous state in the United States, with a broad range of elevations from sea level on the coast to 6,684 feet at Mount Mitchell. North Carolina has a diverse economy because of its high availability of hydroelectric power, its pleasant climate and its wide variety of soils. In 2016, the state’s total gross state product was $521 billion.

Learn more about portfolio #61 at SFRhub.com.

This Raleigh-based dynamic portfolio offers a number of homes available for purchase that change on a weekly basis. This portfolio consists of existing asset SFR properties in which the seller adds or removes continuously. This 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 and create the highest yields and returns on SFRhub.com.

A dynamic portfolio is a single-family residential (SFR) or Build-for-Rent (BFR) portfolio where the number of homes available for purchase changes on a regular or fluid basis. The portfolio may consist of SFR existing assets 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. As these dynamic portfolios are cherry-pickable, investors are able 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.’

The homes in this portfolio have completed recent renovations and are in like-new market condition. By reducing repair expenses and capital expenditures that may decrease operating expenses, there is increased bottom-line net operating income (NOI). The SFR portfolio is comprised of rental homes located throughout the Raleigh metropolitan area.

The Raleigh market is currently growing in both employment rates (1.0%) and household size (2.4%), according to John Burns Real Estate Consulting. The median single-family rent is approximately $1,447 per month, with a year-over-year growth of 3.1% from 2017.