Jacksonville is the largest city by population and area in the state of Florida. Home to 892,000 residents, it has a growing population with a rise of 1.6 million expected by 2023.
At BRIC Group, we offer turnkey investment. All properties have been purchased by BRIC Group and fully renovated to be entirely rent ready. Most important, these buy-to-let properties earn you rental income from day one of your investment.
Population Growth and Market Opportunity
According to the US Census, the population of Jacksonville has grown more than a 10% since 2010. As a consequence, this excellent population growth strengthens economic growth and increases demand for rental homes. Jacksonville is the perfect place for retirees. In fact, Forbes just added Jacksonville to their list of Best Places to Retire in 2019.
Moreover, the weather, good transport links, the low cost of living and the amenities that Jacksonville offers are a few reasons why people choose this place for their retirement. Also 57.1% of homes are owner-occupied, compared to the national average of 63.8%. Therefore, this is an incredible market opportunity for buy-to-let properties in the area.
Also, the retired population is predicted to grow in the next few years as 26.9% of the population in Jacksonville ranges between 45-64 years old.
Furthermore in the employment field, Jacksonville unemployment rate is currently at 3.2%. It is not only below Florida’s average but also the national average. Also, the predictions for unemployment in Jacksonville and Florida are really positive. In addition Jacksonville has seen the job market increase by 2.8% over the last year while the national increase has just been 1.6%.
Jacksonville Investment with BRIC Group.
Similarly with tenants already in place and a professional property management team looking after your asset and interests, this is truly the ultimate arm-chair investment. Here is why:
- Properties from US$102,000
- Rental yields between 5-9% p.a.
- Rental guarantees on most units
- Tenants in place paying rent
- Full property management
- Management fees paid for two years
- One-year appliance guarantee
- 100% Freehold title
(Sources: Nu Wire Investor and Real Wealth Network)