Nightly rates and estimated revenue based on all the other units in the area?

Greetings BP community, I recently joined a national senior care living development team. I'm coming from smaller scale mixed use development and fundraising. I'm data driven and would love to immerse myself in IL, ...

They had the $20M in coverage, equating to $400k+\- per unit or less than half the $1M Zestimate.  

pid=2141Houston Real Estate Highlights for December and Full-Year 2024:-Following two consecutive years of declines, single-family home sales rebounded in 2024 with 85,163 single-family homes sold compared to 84,038 in 2023 an increase of 1.3 percent; -Total property sales for full-year 2024 were statistically flat at 101,864 units while the total dollar volume increased 3.1 percent to $41 billion;-December single-family home sales climbed 16.3 percent year-over-year with 7,162 units sold;-Total December property sales increased 13.6 percent to 8,478 units;-Total dollar volume for December rose 20.5 percent to $3.5 billion;-The single-family home median price edged up by 1.3 percent to $334,290 while the average price increased 5.0 percent to $425,150;-Single-family homes months of inventory expanded to a 4.0-months supply;-The townhome/condominium market experienced declining sales throughout 2024, and in December, volume declined 5.8 percent, with the average price up 2.5 percent to $268,152 and the median price statistically flat at $234,250;-Townhome/condominium inventory improved from a 3.5-months supply to 5.4 months.

Nick,Between Dayton and Middletown those are two great spots to buy a 2-4 unit in as an investment rental.

We sell about 5-6 of these a month per unit.

Josh, we are currently looking at SFH and MFH with 2-4 units.

miami you can build at the same cost per unit and sell at the same cost per unit in south miami dade in homestead, florida city right now. there are 10 different zoning and entitlement loopholes and lots are available from 75k-130k. miami does not have that old of housing stock it has more new deliveries than probably 95% of the state of florida. what are you talking about?

We saw huge appreciation in the 2018-2022 inflation run up, but that has significantly slowed these days in my opinion.From a rental perspective your monthly income per unit after all expenses with a typical 20% down payment is likely $100-300 when you find a property that will cash flow.

You can get a much better return on your investment elsewhere and with $500k you can buy 3 homes or a 4 unit.