Arabella at Dutchtown
Proforma ReadyGeismar, LA
TH · 48 units
Financial Metrics
Purchase Price
$12,000,000
IRR
28.60%
LP IRR
23.35%
MOIC
2.47x
Equity
$3,432,000
Yr 1 NOI
$519,247.1
Debt
$8,568,000
LTC
70.00%
Unit Mix
| Type | Count | Avg SF | Market Rent | Rent/SF |
|---|---|---|---|---|
| 3BR/2.5BA | 3 | 1,442 | $2,002 | $1.39 |
| 3BR/2.5BA | 12 | 1,634 | $1,846 | $1.13 |
| 3BR/2.5BA | 9 | 1,645 | $1,919 | $1.17 |
| 3BR/2.5BA | 12 | 1,666 | $1,932 | $1.16 |
| 3BR/2.5BA | 12 | 1,678 | $2,015 | $1.20 |
| Total | 48 | |||