What is a "Propper Home"?
Propper Homes are rehabbed row houses that include as many features as they can support with the market-rate rents that are charged.
In any urban neighborhood, market-rate rents rise or fall in proportion to the rents charged in the most luxurious neighborhoods.
Market-rate rents are about $500 per month for a single room in an illegal rooming house in communities like Strawberry Mansion.
That is enough building income to support a $135,000 building and still return a fair profit to the building owner.
Propper Homes will be built up to the level of comfort and safety that market-rates will support. That includes features like
& An Option For One Of The Tenant To Own The Property After Five Years