1013 Stevens Pride Ct
Investment Overview
Investment Opportunity
This property currently is a pad split that is rented out by the room and generating about $7,500 in income. However, the town of Indian Trail and the HOA have forced the sellers to stop the pad split.
We are going to work with a local ministry in the area to put kids that are aging out of foster care into the house. They're going to pay about $500 a month per room. The current property has 7 rooms in it, so that will end up to be cash flowing once we are fully stabilized with it at around 3500 a month.
ARV: $580,000
Purchase Price: $510,000
Down Payment $50,000
Taking the property subject 2 the existing mortgage at 5%
Monthly Mortgage: $2,650
6 Rooms rented out at 500-800 a month is $3,200-$3,500 a month
Exit: Refinance in 8-12 after stabilized
Exit Strategy
Long Term Hold
Please contact us for more details about the exit strategy.
Investment Documents
Download our pitch deck, prospectus, and other important documents.
Inspection Report
Here is the inspection report.
Realtor CMA for
See comps and a realtor suggestion on what the house is worth
Property Gallery
Investment Timeline
Key milestones for this investment opportunity
Funding Open
Investment opportunity is accepting capital commitments
Target Purchase
Target date for property acquisition and closing
Capital Close
Target date for business plan completion and exit
Refinance or Cash Out
The maturity date on the loan
Investment Process
Purchase Property
We will be purchasing the property at this point
Work with Farm 127
Working with Farm 127 Ministry to place kids aging out of foster care in the house
Refinance or Cashout
When the loan matures, we will either refinance to get your capital or cash you out.
Risk Factors
All investments carry risk. Please consider the following factors:
Risk Factors Pending
Risk factors for this investment will be disclosed here once they are identified and documented.
Frequently Asked Questions
Common questions about this investment opportunity.
The minimum investment for this opportunity is $60,000. This allows you to participate in the acquisition investment alongside other qualified investors.
This investment targets a 10.0% IRR (Internal Rate of Return) over the hold period. Returns are projected based on our underwriting analysis and market conditions, though actual results may vary.
The expected hold period is approximately 10 months (0.8 years), with a target exit date of November 2026. The actual timeline may vary based on market conditions and the execution of our business plan.
The planned exit strategy for this investment is "Long Term Hold" — please contact us for more details about the exit strategy. The final exit decision will be made based on market conditions at the time to maximize investor returns.
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Express Interest
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