Overview

Description

Visit www.SFRhub.com and search for portfolio 101046 for more information.

TOM JOHNSTON
Managing Director | Designated Broker
SVN | SFRhub Marketplace
T: 602.441.5354
C: 602.403.3695
tom.johnston@svn.com
License #: BR507919000

BOR:

Mike McMullen & Associates

Mike McMullen

President

This Dynamic new home construction scattered Build-for-Rent Home Portfolio consists of quality new construction homes built by a well-renowned Alabama home builder. The number and price of homes are subject to change and will be locked in during the LOI stage between the buyer and builder Seller. This Dynamic portfolio consists of single-family detached homes, all consisting of three and four bedrooms and two or two and one-half bathrooms. All homes include a 2-car garage. The homes are in communities close to Huntsville and Birmingham. The builder has selected markets experiencing consistent population growth with increasing housing needs. The combined household income supports the rental rates that are established for each Build-for-Rent property. All properties include stainless steel appliances, granite or quartz countertops, and vinyl plank flooring throughout with carpet in the bedrooms. The Builder’s selected markets have shown substantial property appreciation year over year, and the limited supply of available homes on the market will continue to support driving rent growth. The Builder Seller is dedicated to designing and building homes with the highest level of quality possible, along with incorporating craftsmanship, beauty, and functionality into these new homes.

Portfolio Scattered Across Alabama

Highlights

• LOWER COST OF INSURANCE: Due to the properties being built to current building code requirements,
• insurance premiums are much lower than older construction homes.
• LOWER 1st-YEAR PROPERTY TAXES: The property appraiser typically does not adjust the taxable value of the property until the year after the property receives a Certificate of Occupancy. As a result, year-one taxes are generally based on the lot value, not the entire home's value. This typically results in a much higher return during the first year.
• LOWER COST OF MAINTENANCE: With the properties being brand new, there will be zero deferred
• maintenance.
• LOWER COST OF TURNOVER: With the property being designed and built with tenants in mind, turn costs are significantly reduced by installing durable finishes such as granite countertops and luxury vinyl plank flooring.
• LOWER VACANCY & CREDIT LOSS: Historically, our new construction homes have seen longer tenancies and lower credit loss.
• All SVN® Offices are Independently Owned & Operated
• Local Broker License Information: www.SFRhub.com/realstatelicensing

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