Vacancy rates used has been 5%-6% ,generally.
The big question! Which15 year investment opportunity will deliver a better ROI. I can only genralize here due to the unkown factors in your investment dollar pool (Initial Investment, Mortgage Rate & Management Vehicle) compared to purchase price/ condition/location. Imperical data will help some.
A typical SFH investment return will more than double in 15 years. A Multi Family will not see a double return in the same period. It is definetly investor specific if one is a better choice. Multi Family investments are most commonly used as a shelter if held under 15 years....a low risk low return piece of the Real Estate portfolio. The former would be considered an equity leverage position to further develop the portfolio...used as a higher risk higher return piece. It is imperative to have collaberation betweeen a great Tax Accountant and Realtor working on your behalf specifically.
I refer to the attached link as one of my research data points. I bet an information thirsty person like you will find it addicting too.
This is one great time to develop your investments.
I will check a 4plex in San Jose campbell area for $634K. That price can break even much easier.
4plex is an investment. You need cash flow to keep it long haul otherwise why you want those management work. I like something under value with great possible grow in value and good cash flow.
Give me a call. I am looking for investment everyday.