Register For More Information
Cash on Cash
BELOW MARKET VALUE
FASTEST GROWTH IN USA
This fantastic, value-add opportunity consists of 232 units, primed for upgrades.
Purchased well-below market value, we plan to increase value through renovation, professional management, and increasing income through utility bill-back using solar.
24 units are freshly renovated, which allow us to test increased rents prior to purchasing.
Increasing our confidence & decreasing our risk for the value-add strategy.
Located in the Dallas-Fort Worth area which has gained more new residents than any metropolitan area in the country, adding more than 1 million people in an eight-year period.
- Current Occupancy: 87.5%
- Units: 232
- Purchase Price: $26,500,000
- CapEx: $5,600,000
- Current Rents $1,073
- Projected Rents: $1,164
- Projected Utilities Bill-Back: $76 per unit
- Targeted Hold Period: 10 Years
Estrella Apartments, primed for upgrades, was purchased below market value. Value will increase through renovation, professional management, and increasing income through bill-back of utility and addition of solar.
However, strong returns will be created with or without unit renovation.
- The project projects creating 18%+ IRR for investors simply based on RUBs and utilities bill-back. Plus, we’re able to increase this return through renovating select units, which further increases our returns for Estrella.
- This creates a strong multi-prong approach to creating ROI for investors, while reducing project risk and creating multiple exit options.
We project refinancing the property in year 3, returning 100% of investors capital and holding the project for long term cash flow, creating near infinite returns moving forward.
Nation's 4th Largest Metro Area
Dallas-Fort Worth has gained more new residents than any metropolitan area in the country, adding more than 1 million people in an eight-year period.
High-Tech Job Growth
According to a Dallas Regional Chamber analysis of jobs data, between 2017 and 2020, DFW added more than 10,000 high-tech jobs. Dallas recently landed second on CompTIA’s Tech Town Index 2020 for tech job openings, surpassing San Francisco.
High Quality Life
With a median IT salary of $94,044, plenty of live music and professional sports teams, tech professionals are finding opportunities and a higher quality of life in Dallas. DFW is increasingly becoming a hotspot for millenials and currently make up about 30 percent of North Texas.
Don’t wait too long, this sponsor’s previous deals were
oversubscribed just days after the live webinar!
REGISTER FOR MORE INFORMATION
This is only Available to Accredited Investors.