Roma Apartments

765 N Ebony Ave,
Roma, TX 78584

 

$1,425,000
Offering Price
6.79
GRM
$44,531
Price Per Unit
32
Number of Units
9.86%
Cap Rate
24,000
Building SF
$1,425,000
Offering Price
6.79
GRM
$44,531
Price Per Unit
32
Number of Units
9.86%
Cap Rate
24,000
Building SF

Quick Investment Summary

  • 8%+ Cash on Cash, 17%+ IRR with 1-3 years until initial refinance
  • Appraised in 2015 (before build) with $550 rent projections at $1,710,000
  • Current average rents of occupied units is over $800. Our proforma is based on $750
  • 80/20 LP/GP split with projected goals to return capital investments in under two years

Why Roma?

  • Neighboring Rio Grande City and less than one hour from the McAllen-Edinburg-Mission MSA. This is the fastest growing MSA in Texas and one of the fastest growing MSAs in the U.S. The MSA has grown by more than 391,224 people since 1990, a 102% growth rate, or 5.1% annually. With a population of 10,000 in the year 2000, Roma has grown 17% over the past 20 years 12,000.
FOR MORE DETAILS CONTACT
Jordan Lee
(775) 830-8094
info@cashflowinginvestments.com
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