Villas at Gulf Coast
Proforma ReadyFort Meyers, FL
CTG · 140 units
Financial Metrics
Purchase Price
$49,000,000
IRR
20.23%
LP IRR
18.31%
MOIC
2.05x
Equity
$14,014,000
Yr 1 NOI
$1,501,365.875
Debt
$34,986,000
LTC
70.00%
Unit Mix
| Type | Count | Avg SF | Market Rent | Rent/SF |
|---|---|---|---|---|
| 1BR/1BA | 60 | 734 | $1,976 | $2.69 |
| 2BR/2BA | 74 | 1,043 | $2,631 | $2.52 |
| 3BR/2BA | 6 | 1,294 | $2,825 | $2.18 |
| Total | 140 | |||