Creole Apartments

49 Units

Waco, TX

Purchased December 2021

Projected Financials

*Projected returns are for informational purposes only and do not constitute guarantees or promises.

Hold Period

Equity Multiple

Cash on Cash

Projected IRR

5 Years




What We Love

  • Phenomenal location near retail, restaurants, businesses, schools, hospital/medical center, park and easy access to Hwy 
  • Rent growth projected in market over the next 5 years
  • Located in the increasingly valuable housing/rental market of Waco, TX
  • Our revenue growth and vacancy assumptions are lower (more conservative) than what data analytics firms are projecting indicating upside
  • Potential opportunity to place a supplemental loan on the asset between years two and three which will boost the cash-on-cash returns
  • Great upside in increased rental revenue with interior and some exterior upgrades + covered parking which is huge in TX

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