Address: 518 Linda Dr, San Marcos, TX 78666 (Sutton Apartments)
Number of Units: 104
Value Add Deal? Yes
Purchase Price: $12,500,000
Estimated monthly increase projected? $125 (Currently acheiving $100+ over our projected updated units rents on non renovated units)
Anticipated value after value add: $21,000,000 with a 6 exit cap. market cap at purchase 4.5. 17245000 at a 7 exit cap
Estimated Cash on Cash Return: 7%
Estimated Internal Rate of Return: 17%+
It’s great to be surrounded by so many like-minded people that are looking to accomplish similar goals. I love Rod’s outlook on growth and the humility that he shares in his successes and failures.
* These examples depicting income or earnings are NOT to be interpreted as common, typical, expected, or normal for an average student. Although we have numerous documented successful deals from our coaching students, we cannot track all of our students’ results, and therefore cannot provide a typical result. You should assume that the average person makes little to no money or could lose money as there is work and risk associated with investing in real estate. The students depicted have participated in Rod’s training and coaching. The participants shown are not paid for their stories.