IRVINE, Calif. — HomeUnion, an online, real-estate investment management firm enabling value investing in single-family rental (SFR) properties, announced today that it has added Jacksonville, Fla., to its list of active investment markets. Investors can now find pre-vetted, SFR investment properties in the Jacksonville market on the company’s website. HomeUnion also announced that it has hired real estate investment veteran Jerry M. Sachs, as investment location manager in Jacksonville.
HomeUnion chooses its markets and properties using proprietary models that factor in home prices, vacancies, historical income trends, employment, local economic factors and population growth among other criteria. Jacksonville meets HomeUnion’s criteria, with favorable cap rates (the relationship between rental income and purchase price), an unemployment rate that is at a six-year low, and a positive economic environment and outlook.
“Investors are increasingly exploring real estate as an alternative to low-yield bonds and turbulent stocks. Remote SFR investing is attracting investors who seek cash flow and potential appreciation over the long-haul and recognize that the properties that best meet their investment needs may be in markets in other parts of the country,” said Don Ganguly, CEO of HomeUnion. “Our ongoing research pointed towards Jacksonville because of its solid employment base that has anchored its distribution industry, military bases and position as a hub for low-cost financial services centers.”
In addition to Jacksonville, HomeUnion is actively listing investment properties in:
- San Antonio
Properties in HomeUnion markets generally range in value from $65,000 to $225,000 and are expected to offer annual returns ranging from 6.5% to 14% − depending on leverage. Expected return on investment is based on final purchase price, the amount of financing needed at closing, fees, rent and expense projections. The yield calculations do not factor in appreciation.
Once a new market has been identified, HomeUnion hires real estate professionals, who have intimate working knowledge of the neighborhoods, property values and rent rates. Sachs will fill this role in Jacksonville. He brings more than 20 years of professional experience in the real estate industry, most recently with EXIT Real Estate Gallery in Jacksonville. He is a member of the Northeast Florida Association of Realtors, the Florida Association of Realtors and the National Association of Realtors.
HomeUnion’s investment site allows people to invest remotely in single-family real estate, an asset class that was previously not available to the individual investor. With HomeUnion’s guidance, investors choose properties that best fit their investment needs (income generation, growth or balanced). HomeUnion manages the acquisitions for the owner and then handles the ongoing management of the properties, which includes finding solid tenants, revenue management and expense control. The site has been operational since last May.
HomeUnion is an online real estate investment management firm, bringing value investing to the individual investor in single-family rental (SFR) properties. Based in Irvine, Calif., it provides all the services needed for individuals to invest remotely in SFR properties. HomeUnion’s role spans the lifecycle of the investment transaction: from locating properties; advising on the purchase; finding renters; managing the property; and selling it when the time comes.