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17% Cap Rate on 37 Unit Apt Complex (TX)

YOU MUST SIGN commission protection agreement TO GET ADDRESS – NO EXCEPTIONS!

Location: Texas Rural Area (4 Hours From Houston)

Sales Price: $1.6M FIRM

Closing: 45 Days (quick close)

Financing Available:  25% down – 6% (5 year Fixed) on 25 year Amort. – Fill out application – 1003 – WITH BLANK FIELDS

Net Operating Income: (This apt complex fluctuates based on OIL Production)

Year          NOI
2012         $501,258 – oil at high cap rate 34%
2013         $516,868 – oil at high cap rate 34.7%
2014         $494,109 – oil at high cap rate 33%
2015         $163,137 – oil at low cap rate 10.3%
2016         $161,015 – oil at low cap rate 10.1%
2017         $276,996 Pro Forma (conservative based on trailing actuals) – oil rising cap rate at 17.6%
ASKING PRICE of $2,150,000 (*agreed to $1.6m) is a 17.25% cap rate on Pro Forma NOI of $276,996 and asset is positioned for exponential increases to returns as oil and gas prices continue to remain stable and rise. A neutral 3rd party appraisal was conducted in February 2015 (pre downturn) in which was valued at $3,580,000. 

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