a 48-unit affordable housing property in Hickory, NC!
Another successful multifamily investment recently closed: a 48-unit affordable housing property in Hickory, NC! Hereโs a closer look at whatโs making this deal a winner for our investors:
๐ฎ๐ฑ%+ ๐๐ฅ๐ฅ (๐๐ป๐๐ฒ๐ฟ๐ป๐ฎ๐น ๐ฅ๐ฎ๐๐ฒ ๐ผ๐ณ ๐ฅ๐ฒ๐๐๐ฟ๐ป): This rate tells us the expected annual return after factoring in time and cash flow. With 25%+ IRR, weโre generating exceptional returns while building solid equity over the investment period.
๐ญ๐ฐ% ๐๐ฎ๐๐ต ๐ผ๐ป ๐๐ฎ๐๐ต: This represents the cash return on our initial investment. A 14% cash flow each year signals stable, predictable income for our investors.
๐๐พ๐๐ถ๐๐ ๐ ๐๐น๐๐ถ๐ฝ๐น๐ฒ ๐ผ๐ณ ๐ฎ.๐ญ๐ ๐ข๐๐ฒ๐ฟ ๐ฑ ๐ฌ๐ฒ๐ฎ๐ฟ๐: This means our initial investment is projected to more than double in five years, turning every dollar invested into $2.10 by the end of the period.
๐๐๐ง๐โ๐จ ๐ ๐๐ง๐๐๐ ๐๐ค๐ฌ๐ฃ ๐ค๐ ๐ฉ๐๐ ๐ฃ๐ช๐ข๐๐๐ง๐จ:
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๐ฃ๐๐ฟ๐ฐ๐ต๐ฎ๐๐ฒ ๐ฃ๐ฟ๐ถ๐ฐ๐ฒ: $๐ฏ.๐ฑ๐ โ The acquisition cost of the property.
๐๐ฎ๐ฝ๐๐ (๐๐ฎ๐ฝ๐ถ๐๐ฎ๐น ๐๐ ๐ฝ๐ฒ๐ป๐ฑ๐ถ๐๐๐ฟ๐ฒ๐): $๐ฎ๐ฎ๐ฒ๐ธ โ Funds allocated for upgrades and improvements, designed to add long-term value and appeal.
๐ฆ๐ผ๐ณ๐ ๐๐ผ๐๐๐ & ๐ฅ๐ฒ๐๐ฒ๐ฟ๐๐ฒ๐: $๐ฐ๐ฎ๐ฌ๐ธ โ These cover necessary fees (legal, inspections) and a reserve for unexpected expenses.
๐๐ถ๐ป๐ฎ๐ป๐ฐ๐ถ๐ป๐ด: $๐ฎ.๐ฎ๐ โ The loan amount we secured, enabling us to maximize cash flow.
๐๐พ๐๐ถ๐๐: $๐ญ.๐ฏ๐ โ The investment from us and our investors, giving the deal a solid foundation.
Combining these elements creates a strong, passive investment opportunity that produces real returns and sustainable growth.
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๐ง๐ต๐ถ๐ ๐ฑ๐ฒ๐ฎ๐น ๐ถ๐ ๐ฎ ๐ด๐ฟ๐ฒ๐ฎ๐ ๐ฒ๐ ๐ฎ๐บ๐ฝ๐น๐ฒ ๐ผ๐ณ ๐ต๐ผ๐ ๐บ๐๐น๐๐ถ๐ณ๐ฎ๐บ๐ถ๐น๐ ๐ถ๐ป๐๐ฒ๐๐๐ถ๐ป๐ด ๐ฐ๐ฎ๐ป ๐ด๐ฒ๐ป๐ฒ๐ฟ๐ฎ๐๐ฒ ๐ฐ๐ผ๐ป๐๐ถ๐๐๐ฒ๐ป๐ ๐ถ๐ป๐ฐ๐ผ๐บ๐ฒ ๐ฎ๐ป๐ฑ ๐๐ฒ๐ฎ๐น๐๐ต, ๐ฎ๐น๐น ๐๐ถ๐๐ต ๐ฎ ๐ต๐ฎ๐ป๐ฑ๐–๐ผ๐ณ๐ณ ๐ฎ๐ฝ๐ฝ๐ฟ๐ผ๐ฎ๐ฐ๐ต!
Investing carries inherent risks, including the potential loss of principal. Past performance is not indicative of future results, and any historical returns, projected returns, or probability forecasts may not reflect actual future outcomes. While we rely on third-party data that we believe to be reliable, we cannot guarantee the accuracy or completeness of this information. Leaving a Legacy Investments and its affiliates do not provide tax advice and do not make any representations regarding the tax consequences of the opportunities described.