Villas at Venice
Proforma ReadyVenice, FL
CTG · 81 units
Financial Metrics
Purchase Price
$27,201,145
IRR
12.03%
LP IRR
13.20%
MOIC
1.65x
Equity
$7,779,527.47
Yr 1 NOI
$577,225.196
Debt
$19,421,617.53
LTC
70.00%
Unit Mix
| Type | Count | Avg SF | Market Rent | Rent/SF |
|---|---|---|---|---|
| 1BR/1BA | 16 | 747 | $1,849 | $2.48 |
| 1BR/1BA | 10 | 616 | $1,749 | $2.84 |
| 1BR/1BA | 10 | 749 | $1,749 | $2.34 |
| 2BR/2BA | 37 | 1,049 | $2,274 | $2.17 |
| 3BR/2BA | 8 | 1,346 | $2,499 | $1.86 |
| Total | 81 | |||