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 | 2.1x | 7.4% | 17.2% |
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