Afsharfirm LLC Is Making The Largest Housing Investment Of $20M In Temple, Texas

October 13 01:40 2022

Afsharfirm LLC is a real estate investment company that invests in rental properties and building single family homes. The company already owns 7 single-family units in Temple, Texas, and is going to invest a further $20M in the housing market in the same area.

Following the investment of $800M in a data center in Temple by Meta, the parent company of Facebook, this investment by Afsharfirm LLC is going to be the largest investment in Temple, Texas. The magnitude of this property investment is unparalleled in the 20-year history of Temple, as no company has infused such a substantial amount into the residential housing market. According to the company’s plan, the $20M funds will be invested into building 80 single-family properties, increasing Afsharfirm’s total holdings to 87 residential units in Temple, Texas.

The real estate market of Temple, Texas, has seen an upward trend in home values in the past ten years. Zillow statistics show that the typical home value in Temple is $280,635, with an increase of 31.9% compared to the previous year.

The coronavirus pandemic triggered the U.S housing market and as a result, home sales spiked in the latter half of 2020 and have remained above the pre-pandemic levels since then. The “race for space” among homebuyers resulted in 60% of homes being sold above their list price in early 2021. While the market has started to cool down, it is still in a state of appreciation. Economists expect yearly home price gains of 9.8% in 2022 compared to the previous year and an increase of 2.8% in 2023.

Buying a house is the most significant purchase most people undertake during their lives. And looking at the real estate booming in Temple, we can conclude that Afsharfirm’s investment of $20M is going to be highly lucrative for investors and potential property owners, with the probability of earning high returns on their investment.

Afsharfirm’s largest residential investment in Temple, Texas, promises to show consistent capital growth and provide a high return yield. Unlike commercial properties, residential units offer the security of ‘bricks and mortar” and are considered the safest and potentially the most profitable investment markets in America. Even banks recognize residential real estate as excellent security and the apparent reason for this trust is that property values have never fallen over the long term, regardless of economic uncertainties.

Housing prices usually reflect the health of the residential real estate market, and the strong growth in home prices from 2017 onward indicates the growing consumer demand for houses relative to the supply. Consequently, the house price index is expected to intensify in 2023, representing a potential opportunity for the industry. 

Considering the hot real estate market in Temple, Texas, the upcoming largest single-family investment in Temple, Texas, by Afsharfirm LLC, will be met by continued capital growth and provide a higher ROI to real estate investors.

Media Contact
Company Name: Mafsa Capital
Email: Send Email
City: Temple
State: Texas
Country: United States
Website: https://www.instagram.com/mafsacapital/

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