August 24, 2016
Three military towns in Texas made HomeUnion’s list as the best places to invest in single-family rental (SFR) homes. On the list were Sheppard Air Force Base (Wichita Falls), Fort Hood (Killeen), and Fort Sam Houston (San Antonio).
HomeUnion based its list on SFRs average cap rates, as well as the properties’ purchase prices. To be included in the list, military bases required a population of active duty personnel and families of 15,000 or above.
According to HomeUnion’s Dan Ganguly, SFRs near military bases can make good real estate investment strategies. Military service members are employed by the federal government, offering high employment certainty. In addition, demand from service members is stable, given the military has been limiting overseas deployment.
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