I haven't done my due diligence yet but I wonder why the national builder are not going to make money in Columbus if it is such a growing market. they do make money.

Yes, as others have noted, this is typically where DSCR Loans (**not from banks** but from private lenders with national DSCR platforms) are typically the next step here. 

Note, Jacksonville FL is the largest market (area) in the nation and fairly nuanced.

I specialize in bridging the gap between national & international investors and builders...basically, providing a turn-key process for identifying, purchasing, & managing cash-flowing properties.

If you are looking for above national average apartment occupancy, steady YoY rent growth, resident retention and a supply/demand imbalance, the Midwest is a great place to look! 

Call NREIG (National Real Estate Investors Group) They specialize in insurance for investors. 

I specialize in bridging the gap between national & international investors and builders...basically, providing a turn-key process for identifying, purchasing, & managing cash-flowing properties.

I found this chart with cap rate averages across the nation.

Affordability must be addressed before transaction volumes can normalize.Average 30-yr mortgage rates (Mortgage News Daily)MBS Highway Housing Survey for July 2024The MBS Highway National Housing Index dropped 9 points in July 2024 to 44, as buyer activity levels fell across the nation.

(https://www.usatoday.com/story/news/nation/2024/05/16/is-a-t...)...