Price: $2,775,000
Tax-Adjusted Cap Rate: 6.9%
5 Year Equity Multiple: 2.48x
Leveraged IRR (5 Year): 22.79%
Day One Cash on Cash: 8.21%
Pro Forma Year One Cash on Cash: 10.25%

Ancillary Income Opportunity
Recapture Water Expense

Stabilize Operations
Below-Market-Rents

Product Differentiation
New Construction

Amenity Expansion
Charge for Washer/Dryers