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Co-Investing Cash Investment Opportunity – DFW, TX

Target All-in $ 582,000
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Overview

  • Updated On:
  • September 20, 2021
  • 6 Bedrooms
  • 7 Bathrooms
  • 3,048.00 ft2
  • Year Built: 1982

Property Description

About The Property

Location

Arlington, located in the center of the DFW metro, is very popular because it is home to Cowboys Stadium, as well as the Texas Rangers Baseball team. A huge entertainment district is being developed around these two stadiums.

Schools are decent.

These units will attract mostly blue-collar, working adults, which are the “meat of the market”.

 

UNIT DETAILS

Unit Number

Monthly Rent Beds Baths

1

$1,350

2

2

2

$1,350

2

3

3

$1,350

2

2

Total $4,050 6 7

 

Purchase Assumptions

3-Plex per/door
Asking $539,000 $179,667
Suggested offer $525,000 $175,000
Market Value $545,000 $181,667
 Improvements (lower) $7,500
 Improvements (upper) $9,500
 Closing Costs $4,000

 

Financing

100% cash – see explanation under Co-Investing

 

Financial Assumptions

Monthly Yearly
Rent (upper) $4,350 $52,200
Rent (lower) $4,050 $48,600
 Property Tax Rate (Approx.) 2.34%
 Property Taxes $717 $8,600
 Insurance $220 $2,640
 Repairs $220 $2,640
Property Management Fee $300 $3,600
 Leasing Fee $140 $1,680
 HOA $0
 Vacancy Rate 4.0%

 

 

About Co-Investing

Co-Investing offers multiple investors, typically between 4 to 7, to co-invest in a single property.

The benefits of co-investing are:

  1. Cash ownership – no need to go through the hassle, trouble, and challenge of obtaining a mortgage.
  2. Asset manager –  a form of less hassle dealing and handling ongoing management, tenants, etc. issues – i.e. less “noise” to you, the partial owner.
    Simply Do It takes care of the investment, make-ready, utilities, and overseeing property management – you just invest and relax.
  3. Property vested in an LLC, owners have interest in the LLC that owns the property.
  4. Diversification – you can own multiple interests in multiple LLCs each owning another piece of real estate.

 

Co-Investing Analysis

Purchase $541,500 Includes purchase price, make-ready, and closing costs
Setup Fee $40,613
Total $582,113
# of units (investors) 6 max. # of investors
Cost / unit $97,019 Investment per investor
Annual Asset Management Fee $5,400
Net Ann. Cash flow $25,167
COC 4.3%
Ann. Equity increase $23,615
ROE 4.1%
Total ROI 8.4%

 

FAQ

Q: Can I purchase this property directly, not as part of the co-investing?
A: Initially this property is being offered as a co-investing property but maybe available as an individual owner investment (traditional)

 

 

 

 

 

 

Address: Pine Street
City:
State/County:
Zip: 76012
Country: United States
Open In Google Maps
Property Id : 37621
Price: Target All-in $ 582,000
Property Size: 3,048.00 ft2
Property Lot Size: 7,840.00 ft2
Bedrooms: 6
Bathrooms: 7
Year Built: 1982
Garage: Carports
Garage Size: 3
Basement: none
Roofing: Asphalt
Rent (mo): 4050
Cashflow (mo): 25000
Property Taxes (mo): 700
Insurance (mo): 220
Repairs (mo): 220
Management Fee (mo): 300
Leasing Fee (ann): 140
HOA (mo): 0
Vacancy Rate (ann): 4
walkscore65 / Somewhat Walkable more details here

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