Tavalo Cotton Lane
Proforma ReadyGlendale, AZ
CTG · 144 units
Financial Metrics
Purchase Price
$44,000,000
IRR
24.61%
LP IRR
20.90%
MOIC
2.26x
Equity
$12,584,000
Yr 1 NOI
$1,668,713.952
Debt
$31,416,000
LTC
70.00%
Unit Mix
| Type | Count | Avg SF | Market Rent | Rent/SF |
|---|---|---|---|---|
| 1BR/1BA | 16 | 575 | $1,462 | $2.54 |
| 1BR/1BA | 44 | 713 | $1,556 | $2.18 |
| 2BR/2BA | 70 | 969 | $1,832 | $1.89 |
| 3BR/2BA | 14 | 1,276 | $2,320 | $1.82 |
| Total | 144 | |||