Penthouses in Waikiki!

[Matthew Bernal]

Aloha! 

I am an experienced investor offering a 25% equity position in three penthouses under contract in Waikiki. I have lined up the financing, put together the construction crew, and completed all preliminary due diligence. All that's missing is an experienced equity partner who is excited about owning vacation rentals in the tourist capital of the world! 

The renovations needed are basic, so hold time will be minimal. Equity partner will have their principal investment reimbursed upon Cash Out Refinancing, and will continue to collect dividends monthly for five years. 

Please feel free to contact me via phone at 808-892-9309 or via email at [email protected] for more details.

Here are the basics:

Investor Return

Investment: $695,000

Monthly Dividends: $4,700

5 Year Return: $351,255

ROI: 150.62%

IRR: 30.87%

Property Financials:

NOI: $498,530

NCF: $210,139

DCR: 1.99

Equity Multiple: 1.51x

GRM: 6.37x