In Kenedy County, TX, investors own 62 Single Family Residential (SFR) properties, comprising a significant 57.9% of the total SFR market, highlighting a high landlord presence in this local market.
Individual landlords continue to be the dominant force, owning 37 properties (59.7%) compared to companies which own 25 properties (40.3%), debunking the perception of corporate dominance in this specific county.
A striking 96.8% of all landlord-owned properties, totaling 60 SFRs, are currently rented, underscoring that the vast majority of these properties serve as income-generating rentals rather than speculative investments.
The prevalence of cash acquisitions is notable, with 60 of the 62 landlord-owned properties (96.8%) acquired through cash, indicating a strong preference for unencumbered assets or limited access to financing within this investor segment.
Despite individual landlords owning more properties, company landlords represent a smaller fraction of entities, with just 5 companies owning 25 properties, compared to 35 individuals owning 37 properties, suggesting companies hold larger portfolios on average (5 properties/company vs 1.1 properties/individual).