Portfolio - Invest on Main Street

Our Portfolio

L & L Portfolio

L & L Portfolio

Jacksonville, NC – 440 Units

Equity
Raised

IRR
Projected
21M16%
Cash On Cash
Estimate
Purchase
Price
14%36M

Westbury Reserve

Westbury Reserve

Houston, TX – 320 Units

Equity
Raised

IRR
Projected
13M17%
Cash On Cash
Estimate
Purchase
Price
12%29M

Parkway Flats

Parkway Flats

Houston, TX – 300 Units

Equity
Raised

IRR
Projected
11M20%
Cash On Cash
Estimate
Purchase
Price
11%46M

Atlanta Portfolio

Atlanta Portfolio

LaGrange, GA – 94 Units

Equity
Raised

IRR
Projected
5M18%
Cash On Cash
Estimate
Purchase
Price
10%7M

 

12/23/21 Update:

  • Received a broker BOV for the portfolio
  • Financial Analysis: $7.4M ($79k/unit) to $7.8M ($83k/unit)
    • 4.60% – 4.90% proforma cap rate range
  • Supportable Price: $7.6M ($81k/unit)
    • 4.40% in-place cap rate
    • 4.75% proforma cap rate

Canopy Creek

Canopy Creek Apartments

Jacksonville, FL – 288 Units

Equity
Raised

IRR
Projected
6.2M18%
Cash On Cash
Estimate
Purchase
Price
10-12%33M

 

11/28/21 Update:

  • $37,750,00 Exit Offer
  • $500,000 Earnest Money Deposite
  • Closing Dec. 30th, 2021
  • Lining up a 1031 Exchange

Cottonwood at Park Central

Cottonwood at Park Central

Dallas, TX – 270 Units

Equity
Raised

IRR
Projected
13M15%
Cash On Cash
Estimate
Purchase
Price
10-12%39M

North Creek

North Creek

Dallas, TX – 159 Units

Equity
Raised

IRR
Projected
6.3M15-16%
Cash On Cash
Estimate
Purchase
Price
9-11%33M

 

12/16/21 update:

 

  • Renovated units now renting at $1450/month
  • Hitting our year 10 numbers in year 1
  • About $15MM ahead of schedule

Brighton Place

Brighton Place

North Agusta, SC – 86 Units

Equity
Raised

IRR
Projected
3.2M15-16%
Cash On Cash
Estimate
Purchase
Price
10-11%