Northern Farms
Proforma ReadyWaddell, AZ
SFD · 32 units
Financial Metrics
Purchase Price
$12,000,000
IRR
33.55%
LP IRR
26.99%
MOIC
2.84x
Equity
$3,432,000
Yr 1 NOI
$521,308.184
Debt
$8,568,000
LTC
70.00%
Unit Mix
| Type | Count | Avg SF | Market Rent | Rent/SF |
|---|---|---|---|---|
| 3BR/2BA/2G | 4 | 1,448 | $2,200 | $1.52 |
| 3BR/2BA/2G | 8 | 1,580 | $2,300 | $1.46 |
| 3BR/2BA/2G | 9 | 1,897 | $2,500 | $1.32 |
| 3BR/2.5BA/2G | 1 | 2,162 | $2,575 | $1.19 |
| 4BR/2.5BA/2G | 5 | 2,624 | $2,675 | $1.02 |
| 5BR/2.5BA/2G | 1 | 2,624 | $2,995 | $1.14 |
| 4BR/3BA/2G | 4 | 3,018 | $2,850 | $0.94 |
| Total | 32 | |||