Landlords in King William County, VA, own 36 SFR properties, making up a significant 28.3% of the total 127 SFR properties in the market. This reveals a substantial landlord presence within the county's single-family housing sector.
Individual investors overwhelmingly dominate the landlord-owned SFR market, controlling 26 properties (72.2% of the total 36) compared to companies which own 10 properties (27.8%). This highlights the prevalence of small-scale, individual investors in the local market.
The ownership landscape is further shaped by entity counts, with 37 individual landlords making up 78.7% of the 47 total landlords, significantly outnumbering the 10 company landlords (21.3%). This underscores the 'mom-and-pop' nature of the investor base in the county.
Every investor-owned SFR property in the county is currently rented, signaling a 100% non-owner-occupied rate for this segment. This indicates that the entire landlord portfolio is dedicated to the rental market.
A strong preference for cash acquisitions is evident, with 23 (63.9%) of the investor-owned properties purchased outright, while only 13 (36.1%) are financed. This suggests a less leveraged approach to property investment among landlords in King William County, VA.