I checked rentometer and average rents are around $1000 +|-Is anyone currently renting/living in the area?

These are going to get around $1400-$1500 rent on average.

These reasons probably would not pertain to the average investor.

Monthly Operating Income Scenario A Number of Units 1 Average Monthly Rent per Unit 1,175.00 Total Rental Income 1,175.00 % Vacancy and Credit Losses 2.00% Total Vacancy Loss 23.50 Other Monthly Income (laundry, vending, parking, etc

Ventura county your average tenant will rent longer and take better care of their homes overall since you can offer more.

Further, I am 52 years old, and if I do not touch the stock fund principle ever, it will be worth over $15,000,000 if I reach age 90 at a average interest rate of 5.7%!

The advantages of building new smaller properties is they can be built quicker and leased up to full occupancy faster than larger properties, they are a little easier to get approval in certain areas and site work, stormwater and parking development costs can be exponentially lower per unit or per sqft as compared to larger properties requiring significant site improvements.You need to work the numbers backwards starting with estimated construction and development costs, calculate estimated GPR, back out standard operating cost assumptions of 45%, which is average for most new construction buildings of this size, to get to the NOI to determine if the project works.

The S&P 500 index has averaged 11.3% over the past 80 years. 

It is one of the most affluent townships in the United States based on average household income.

.• The average percentage of original list price received at sale was 94.6%, up from last January’s 94.0%.• Median days-on-market was 37, down 10 days from last January’s 47.Here is the link for the full report https://www.brightmls.com/services/sites/default/files/pdfs/philadelphia%20metro%20housing%20market%20update%20-%20january%202020.pdfCheers, Yuriy