Listed by Drake Real Estate & Investments
$6,990,000
Omen Hill Villas - 20 Home Package
Details
APN R222220, R222219
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 38,000
Units 20
Cap Rate 5.98%
NOI $417,927
Occupancy 96%
Price per SqFt $184
Class A
Year Built 2024
Buildings 20
Stories 2
Zoning QOZ
Investment Type Stabilized
Multifamily | 20 Units | $349,500/unit
Marketing description
Unique investment opportunity in a new Built-to-Rent community. This package features 20 leased single-family homes in a 32-home gated community.
See OM for more details!
Investment highlights
- NO SELLER FINANCING
- Potential Annual NOI: $417,927
- Each Home: 1,900 SF | 4 Bedrooms | 2.5 Bathrooms | 2-Car Garage
- Approximately $2,495 market monthly rent per unit
- Modern appliances and finishes; energy efficient A/C & heating
- Gated community and dog park
- Tenant pays all utilities; master controlled irrigation system
Listing Contacts
Listed by Drake Real Estate & Investments
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$417,927.00
$34,827.25/mo
Valuation Metrics
0
DSCR
5.98%
Cap Rate
5.98%
ROI
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