Sutton
UnderwritingAustin, TX
SFD · 246 units
Financial Metrics
Purchase Price
$79,259,432
IRR
28.83%
LP IRR
23.57%
MOIC
2.49x
Equity
$22,668,197.552
Yr 1 NOI
$3,392,189.683
Debt
$56,591,234.448
LTC
70.00%
Unit Mix
| Type | Count | Avg SF | Market Rent | Rent/SF |
|---|---|---|---|---|
| 2BR/2BA/2G | 30 | 1,056 | $2,325 | $2.20 |
| 2BR/2.5BA/2G | 30 | 1,296 | $2,375 | $1.83 |
| 3BR/2.5BA/2G | 62 | 1,547 | $2,475 | $1.60 |
| 3BR/2.5BA/2G | 98 | 1,652 | $2,675 | $1.62 |
| 4BR/2.5BA/2G | 26 | 1,784 | $2,800 | $1.57 |
| Total | 246 | |||