OWN IT
Take a look at some of the projects we’re involved with or have invested
$6,900,000
Derosa Capital 9
166 Unit
Garden Style Apartment Complex
Value add Class C
6 year project, stabilized in 2
Average Annual Return 27%
IRR target of 16%
Business Plan:
- Renovation Standards
- Professional Property Management
- Attractive Amenity Package
- Continued Capital Improvements
- Standardized rent
$92,900
Indianapolis
34th Street
Flip with Seller Finance
Value add Class C
2 month purchase,rehab, and sell
Total Equity gain $17,000
Monthly income of $843 P&I
Business Plan:
- Add HVAC and minor rehab
- Professional Property Management with loan servicing
- Offer seller finance at 8%
- 15yr note
- Escrow Insurance and Taxes
$138,000
Washington St Duplex.
Indianpolis, IN
Turnkey Property
6 Bedrooms
4 Baths
Equity gain at closing $7,000
Deal Details:
- Purchased from HRRE
- Full gut renovation
- Note at 3.65%, 30yr fixed
- LTV 75%
- Existing Tenants at $1850/mo
- 2 months start to close
$335,000
Five Property Portfolio
Indianapolis, IN
Turnkey Renovations
Equity gain at closing – $30,000
Cap rate – 8.4
Cash On Cash ROI – 12%
Deal Details:
- Off market lead
- Two months from start to close
- Team:
- Wilmoth Group
- Markham Inspection Services
- Midwest Restorations LLC