Realty Cap Investments | Affordable housing investing

What Is The Opportunity With Workforce Housing?

Americans need affordable housing today more than ever.
The demand for affordable housing exceeds supply and this trend should accelerate of the next 20 years with 10,000 baby boomers retiring every day.
HUD believes that an estimated 12 million renter and homeowner households now pay more than 50% of their annual incomes for housing, and a family with one full-time worker earning minimum wage cannot afford the local market rent for a 2Br apartment in the US.
With a growing population, a high immigration rate, increased traditional mortgage costs, and a struggling economy, there is a tremendous opportunity for manufactured housing to be a viable workforce housing option. The average household income for approximately 29% of the population in Florida earn under $20,000.
The demand for workforce housing exceeds supply and this trend should accelerate over the next 20 years with 10,000 people entering the workforce everyday.
There is no other housing option where a resident can own a home for a payment around $1300 per month, like a mobile home in a mobile home park.
Mobile Homes are expensive to move which leads to long term tenants and fewer turnovers.
The supply and competition of newly developed mobile home parks is almost non-existent.
This investment is focused on cash flow and appreciation.
With most of the properties we look to acquire, they have below market rents, which allows us to raise rents 5-10% annually.

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