Bella Encanta
Proforma ReadyMesa, AZ
TH · 212 units
Financial Metrics
Purchase Price
$85,000,000
IRR
33.34%
LP IRR
27.40%
MOIC
2.89x
Equity
$24,310,000
Yr 1 NOI
$3,228,636.126
Debt
$60,690,000
LTC
70.00%
Unit Mix
| Type | Count | Avg SF | Market Rent | Rent/SF |
|---|---|---|---|---|
| 2BR/2BA/2G | 70 | 1,234 | $2,262 | $1.83 |
| 3BR/2.5BA/2G | 55 | 1,933 | $2,729 | $1.41 |
| 4BR/2.5BA/2G | 5 | 1,933 | $2,757 | $1.43 |
| 4BR/2.5BA/2G | 14 | 2,239 | $2,996 | $1.34 |
| 4BR/3BA/2G | 48 | 2,337 | $3,115 | $1.33 |
| 5BR/3BA/2G | 20 | 2,337 | $3,164 | $1.35 |
| Total | 212 | |||