This property is 3 units purchased in September 2023. Two Units have been fully renovated and rented, permits have been secured to build 2 additional units which are currently under construction.
Financials
- Purchase Price: $600,000
- Construction Cost: $330,000
- Exit Value: $1,800,000
- Monthly Cash Flow: $8,500
Returns:
Investor Cash on Cash Return (Stabilized):
- Year 1: 8.7%
- Year 2: 9.2%
- Year 3: 9.7%
Investor Equity Multiple: 1.9X
Notes:
- No Debt Used on this project
- No management fee, no acquisition or disposition fee, no developer fee
- All capital contributions are returned to investors before profit is split
- Possibility of refinance, return of capital contribution and long term hold with infinite ROI
- Massive Bonus Depreciation