Hot Deal 268 Units In Houston Texas Off Market

[Lonnie Higgins]

268-Unit Multifamily Investment Opportunity – Now at $17M! Off Market

We’ve locked in a stronger price on this 268-unit cash-flowing asset and structured it to give investors two clear paths to solid returns.

Deal Snapshot:

• Purchase Price: $17,000,000

• NOI: $1,393,758

• Interest Rate: 6.5% | 25-Year Amortization

Two Financing Options:

Scenario 1 – 75% LTV (25% Down):

• Loan: $12.75M

• Equity: $4.25M

• Annual Debt Service: $1,033,067

• Cash Flow to Investors: $360,691

• DSCR: 1.35×

• Cash-on-Cash Return: 8.49%

• Equity Multiple: 1.8x

• AAR: 16%

• IRR: 13.5%

Scenario 2 – 70% LTV (30% Down):

• Loan: $11.9M

• Equity: $5.1M

• Annual Debt Service: $964,196

• Cash Flow to Investors: $429,562

• DSCR: 1.45×

• Cash-on-Cash Return: 8.42%

• Equity Multiple: 1.7x

• AAR: 14%

• IRR: 12.5%

This is a strong value-add asset with steady cash flow and multiple exit strategies.

[Cody L.]

And FYI, every wholesaler in Houston has been pitching that 9555 Crofton deal.

Or maybe I'm just grumpy since 1/2 my inbox is filled with wholesalers saying they want to buy one of my properties (read:  put it under contract, then try to sell it).  Or they have a property to sell (read:  They will put the property under contract if I say I want to buy it)