Go to www.SFRhub.com to custom search and view additional information! This Build for Rent (BFR) investment opportunity gives a buyer the ability to acquire 30 homes in the established community of Rice Creek, a short distance outside of Savannah, Georgia, in the town of Port Wentworth. The seller is extremely experienced and qualified and will be able to deliver the homes on a pre-agreed to schedule. The Seller is well established in the area, and their quality and professionalism are well known. The Rice Creek community is located minutes from downtown Savannah, Georgia on major arterial roads. Metro Savannah has a population of approximately 387,543 people. Rice Creek has a community pool, a pond, a playground, and a clubhouse. A new Publix shopping center is less than a mile from the community entrance. Being so close to Savannah provides the opportunity for tenants to experience the magic of Southern Charm and antebellum architecture Savannah offers. It also means residents are close to other coastal amenities. Strong rents and moderate prices create a great opportunity for a buyer to acquire homes with strong projected returns. The Port of Savannah expansion is a major undertaking and will solidify Savannah’s shipping future and the economic activity that generates. We modeled four homes: a 1,449 square foot 3-bedroom, 2-bathroom; a 1,803 square foot 3-bedroom, 2-bathroom; a 2,040 square foot 4-bedroom and 2.5-bathrooms; and, a 2,300 square foot home also with 4-bedroom, 2.5-bathrooms. A buyer can specify other floor plans from the Seller’s extensive selection to meet their criteria. Price subject to home and finish specifications.
Key Points: Go to www.SFRhub.com to custom search and view additional information! Stabilized Year 1 Gross Yield of 9.40% Stabilized Year 1 Cap Rate of 6.63% Strong 25.48% Stabilized Year 1 Leveraged IRR and a Stabilized Year 1 Leveraged Cash on Cash of 7.48% 30 Home Build for Rent Rental Investment Portfolio Seller is a well-known and extremely qualified builder A short distance from Downtown Savannah, Georgia Metro Savannah has a population of approximately 387,543 people and solid job growth projections Less than 15 miles to Historic Downtown Savannah on major arterial roads Only 1.5 miles from the I-95 interchange Brand new grade 3 – 8 school within walking distance Recent Port expansion and dredging to accommodate larger vessels represents a significant investment in the area and job creation
Asking Price: $6,325,000
Building Size: 56,987 SQ FT
Cost per Square Foot: $110.99