Investment Opportunity Highlights
-
Number of units: 228
-
Debt: Fixed-Rate Freddie Mac loan with 5 years of interest only
-
Leverage: 66%
-
5-Year Projected Total Return: 2x
-
Annual Cash on Cash Projected Return: 6.41%-8.41%* see ROI graph below
-
Capital Raise: ~ $14,500,000
-
Purchase Price: $30,000,000
-
Minimum Investment: Minimum investment of $50,000 (Cash & Solo 401k funds acceptable / IRA funds may be accepted depending on timelines)
-
Estimated Date Investment Will Open to Investors: August 9th, 2024
-
Depreciation Losses: Bonus depreciation will be applied to the 2024 tax year. Our cost segregation specialist estimates depreciation losses of 60% of your investment! Upcoming changes to the law to be revealed in September of this year may allow for up 80% depreciation!
The Cape ROI*
Six Reasons We LOVE This Deal!
1. Beautiful asset in a high end suburb of Houston called Tomball.
2. There are million dollar homes on the other side of the fence of this apartment building. Low Delinquency with a High income tenant demographic.
3. Huge buy to rent cost difference makes this units highly desirable.
4. Great former asset managers who needed to sell this property to have funds to refinance other properties.
5. Huge opportunity for us to get a class A property at a 6.5 cap rate, when brokers say it should be priced at a 5.5 cap rate (meaning, we got a deal on the price).
6. We'll remodel 120 units for $250/month rent bumps.