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Thousand Roses is a community made up of 59 duplexes (118 units) in Central Florida. Specifically, they are located Polk County FL (city of Lake Wales), which has made headlines in recent weeks and months as the fastest-growing county in the USA.
We bought 118 units for $67,797/door. The median price within 2 miles of Thousand Roses was $120,000/door at the time.
WE OURS AT 56% TO MARKET PRICE!!
The seller gave us $5.5 Million in financing at just 5% interest only for 60 months, with an option to extend for a 6th year for just 1 point.
Thanks to our wholesale partner, the deal was ready to go and all negotiations were complete.
We are rounding. Total capital required is $3,481,807
Member equity: 70%
Manager equity: 30%
Preferred return to members: 7.0%
Asset management fee: 1.5%
Capital transaction fee to manager: 2.0%
7% preferred rate
70% of cash flows up to 15% IRR
50% of cash flows above 15% IRR
Projected average annual return: 18.42%
Projected IRR: 15%
Projected cash on cash: 7.09%
Projected total ROI: 92.10%
Returns may vary. Investment involves risks and may not be suitable to all investors. Be sure to read & understand all offering documents before investing.
Learn more about this rare & exciting opportunity
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