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Archived over 7 years ago

$100,000

3.0 rooms 3 ba 2200 sqft

16160 Fontana, Overland Park, KS 66085

Multiple Off MLS

Current Rent **

$2,950

Projected Rent **

N/A

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Kansas City Missouri 12% Preferred Return

ELUX Capital is building townhomes and SFRs, and preselling them before they're even completed being constructed. I have always said that right now, "The Riches are in the Niches." From the beginning of this year, I have been spending time evaluating the macroeconomics of real estate in the US right now and feel like everyone is VERY bullish on the multifamily side. When I hear a sophisticated real estate fund and manager going against the grain, it peaks my interest.

Andy and his team have a great deal of experience in syndicating multifamily properties and is now offering a contrarian approach to investors looking for substantial cash flow. What stands out to me about ELUX is even though they know multifamily, 3 or 4 years ago they took a macro look at the housing market and now have built a company and vehicle for investors to capitalize on their product.

Here's an example of one of their projects: ELUX, which stands for energy and luxury, is building the nation's first single-family, smart-home community at Lenexa City Center. The 3.5 acre development, North Reserve Park, will feature 24 smart homes, plus two custom home lots. ELUX's vision is to improve the consumer experience during the construction process and with the end product https://www.facebook.com/Eluxteam/

I have attached some of ELUX's current projects and below you will find more information. ELUX has a fund, but for the right groups can structure JV opportunities as well.

Please, if you would like to jump on a call with ELUX, let me know as I am confident it will, at the very least be an education opportunity.

ELUX_Welcome Package-v3.1 FINAL.pdf
https://elux.egnyte.com/dl/DgjwHQGEeC

ELUX_OnePager_v2_Final.pdf
https://elux.egnyte.com/dl/RLbpndT2hg

ELUX_EGF_VP.pdf
https://elux.egnyte.com/dl/ATgBWvuqJ7

ELUX-EGF-PPM.pdf
https://elux.egnyte.com/dl/a5nOmDqT51

ELUX Special Report_Alternatives.pdf
https://elux.egnyte.com/dl/ZC3ZPB4ZiT

Location:

16160 Fontana, Overland Park, KS 66085

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.