10/25/2024
✨ Rubicon Management is excited to offer a unique investment opportunity in Dallas: a 12-unit multi-family property with seller financing, projected strong cash flow, and significant renovation potential. This high-value asset is available with flexible equity shares for investors, proportional to their contributions. With phased upgrades funded by a construction loan, most units will remain tenant-ready during renovations, meeting Section 8 standards upon completion. Investors can anticipate monthly cash flow between $18,000 and $25,000, with options for both long-term and short-term rental income. Reach out for further details on this promising opportunity 🏢📈
1️⃣ Financial Overview
💰 Purchase Price: $985,000
💵 Down Payment: 15 percent or $100,000
📆 Mortgage Terms: 30-year seller financing at 8.5 percent interest
📉 Monthly Mortgage Payment: Approximately $6,440 (excluding taxes and insurance)
2️⃣ Investor Participation
🤝 Open to multiple investors with proportional equity shares based on contribution
🟢 Current Status: Two potential investors are already confirmed
3️⃣ Renovation and Upgrade Strategy
🔨 Estimated Renovation Budget: $100,000, funded through a construction loan
🏠 Strategy: Phased upgrades to maximize efficiency, ensuring most units remain livable during renovations
4️⃣ Property Standards and Condition
📋 Livable Condition: Most units are tenant-ready, with three units requiring repair
🏢 Leasing Standards: All units will be upgraded to meet Section 8 standards, supporting immediate rental readiness upon closing
5️⃣ Income Potential
💵 Section 8 Rental Rate: $1,100 per unit
🌟 Short-Term Rental (Airbnb) Potential: $2,000 to $2,200 per unit
📈 Monthly Cash Flow Potential: Projected between $18,000 and $25,000
🚀 Next Steps for Interested Investors
🏦 Down Payment: Contributions are flexible, allowing investors to participate according to their financial capacity
📊 Equity Allocation: Contributions toward the down payment will directly correspond to each investor's equity share in the property
This off-market opportunity near Fair Park offers a unique investment prospect with seller financing and strong revenue potential. If you are interested in discussing this further, please reach out to Rubicon Management for more details at ☎️ 786-383-9103.