2150 N 19th St
Purchase Price: $90,000
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.
