American Homes 4 Rent- What are they thinking??

[Scott Voytko]

America Homes 4 Rent recently purchased a home in my area for.... wait for it... 499,000! A SFH. I was shocked when I found out they purchased a half a million dollar home to rent. It's been listed for over 40 days at about $3200 / mo(pried $600 above the next cheapest home). This is a typical suburban home and not a vacation home

How will these guys give their investors any returns buying homes like this?