COMPLETED INVESTMENTS
1710 N 24TH ST
​
​
Purchase Price: $100,000
Construction Cost: $519,000
Total Annual Rents: $72,000
Expense Ratio: 17%
Cap Rate: 7%
Appraised Value on Completion: $840,000.00
Why This Project Was a Success:
Robust Rental Income: Generating $72,000 annually, this property has proven to be a reliable source of income, delivering consistent returns to our investors.
Attractive Cap Rate: With a cap rate of 7%, this project has exceeded expectations, providing a strong return on investment.
​
Efficient Cost Management: Maintaining an expense ratio of just 17% ensured that operational costs were minimized, maximizing net income.
​
Prime Location: Located in a vibrant neighborhood, the property has benefited from high demand, contributing to its success and potential for future appreciation.
Expert Management: Leveraging Lapstone Capital's extensive experience, we successfully managed and optimized this investment, ensuring its profitability and growth.​​This completed project not only highlights our commitment to delivering exceptional investment opportunities but also underscores the potential for future ventures.
2150 N 19TH ST
​​​
Purchase Price: $90,000.00
Construction Price: $465,129.55
Total Annual Rents: $66,600.00
Expense Ratio: 18%
Cap Rate: 7%
Appraised Value on Completion: $820,000.00
​
Why This Project Was a Success:
The appraised value upon completion indicates a substantial appreciation in property value, reflecting the quality of construction and strategic location. This appreciation not only enhances equity but also positions the property favorably for future refinancing or sale.
​
Total Annual Rents: $66,600.00
Expense Ratio: 17%
With an expense ratio of just 17%, the project is efficiently managed, ensuring that a significant portion of the rental income contributes directly to profitability.
​
Cap Rate: 7%
A cap rate of 7% suggests a robust return on investment, particularly in the current market environment. This rate indicates the property's ability to generate income relative to its value, making it an attractive addition to any real estate portfolio.
​​​
In summary, the 2150 N 19th St. project stands out as an excellent investment with a solid foundation for both immediate rental income and long-term value appreciation. The combination of a favorable purchase price, substantial construction quality, and promising financial metrics make it a prime candidate for investors seeking stable and lucrative opportunities.