Focus

Fundamentals

criteria

Benefits

MARKET

  • Positive demand
  • Restricted supply with barriers to entry
  • Scattered competition
  • Absent dominant player in secondary markets
  • Unsaturated market
  • Intrinsic land values

FINANCIAL

  • High risk-adjusted returns
  • Predictable cash flows
  • Stable monthly rents
  • Low relative turnover
  • Low cash flow volatility
  • Depreciation tax benefits

ECONOMIC

  • High incremental ROI
  • Site development: $6-7K/site avg.
  • Home costs: $15-30K/home avg.
  • Low incremental variable operating costs
  • Established debt markets
  • Site rents: $4-5K/site avg.