Came across an article on a recent housing startup that is trying to make rentals more affordable. See link below: https://www.pdxmonthly.com/news-and-city-life/202…
There are a few data points in the article to get a quick sense of the math, but wanted to get your thoughts on the following:
- Im assuming personal homeowners may/ may not like having a moving house in their backyard, but investment properties (but-to-let owners) wouldn't mind. Do you guys think this is scalable at a pretty fast pace? (they currently have 5 units, and expect to get to 900)
- 1/3rd production cost of an actual building unit, do you think opex would be the same as a SFR?
- Insurance costs: Is this a house or an RV? Also assuming no RE taxes and it would depreciate in value?
- What sort of exit cap would you use for this model (assuming 500-900 units in Oregon for simplicity)?
Any additional thoughts?
