Matthews Landing
Proforma ReadyRaleigh, NC
SFD · 175 units
Financial Metrics
Purchase Price
$47,073,775
IRR
32.30%
LP IRR
26.01%
MOIC
2.71x
Equity
$13,463,099.65
Yr 1 NOI
$2,093,061.157
Debt
$33,610,675.35
LTC
70.00%
Unit Mix
| Type | Count | Avg SF | Market Rent | Rent/SF |
|---|---|---|---|---|
| 3BR/2BA/1G | 22 | 1,183 | $1,725 | $1.46 |
| 3BR/2BA/2G | 35 | 1,343 | $2,150 | $1.60 |
| 3BR/2BA/2G | 40 | 1,618 | $2,419 | $1.50 |
| 3BR/2.5BA/2G | 40 | 1,749 | $2,449 | $1.40 |
| 4BR/2.5BA/2G | 38 | 1,991 | $2,499 | $1.26 |
| Total | 175 | |||