The focus on property is positioned in the Bryan-College Station area. This area is an excellent place to purchase a local rental income property due to the large amount of renter households (50.3%) and net in-migration to the region. This means that there will likely continue to be people who need a place to live, and it can be assumed that roughly half of them will want to reside in a rental property, such as 4019 Southern Trace Drive. Again Once, these figures support my company’s decision to buy accommodations property in this area. Texas A&M University or college is by the biggest employer in the area considerably, with roughly 16,200 employees based on the U.S.
Department of Housing and Urban Development. St. Joseph’s Health Care Center is a faraway second, with production and retail rounding out the very best ten. The target market for this investment is value-minded college students with a desire for space and amenities not offered by dorms, apartments or condominiums. Texas A&M University is the catalyst for this market and has enjoyed continued growth in enrollment figures for the past five years. This marketplace may then be divided into Gender, Ethnicity and Age demographics. CompetitionThe populous city of College Station is a very competitive market for rental properties, with homes, apartments, condos and dormitories all vying for tenants. However, occupancy rates for College Station remain very high, and demand is constantly increasing together with growing enrollment rates at Texas A&M University.
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