Active & Completed Projects
Orange, CA - Full Renovation Flip
Outdated SFH in a highly desirable area of Orange County. Full scope of work included redesign of layout with complete exterior and interior design and remodel. Smart home with Crestron control. Modern farmhouse look.
Project dates: 11/20 - 09/21
Acquisition cost: 1.1MM
Renovation budget: 800-900K
Sale price: 2.9MM
Cash-on-Cash of 60% (annualized)
Costa Mesa - SFH flip
1.23 MM - acquisition
140K - renovation
Project start: July 2022
Anticipated end: TBD
SFH in desirable Costa Mesa neighborhood. Plan to open floor spaces, add extra bathroom and permit extra bedroom.
Broadway St. Duplex Complex - Phoenix, AZ (In Progress)
5 Adjacents lots were purchased in the Phx metro zoned R-5. Designs underway to construct 3 duplexes and 1 SFH
Acquisition of lots: 275K
Estimated construction budget + Carrying costs: 1.4 MM (estimated)
Denver Brownstone Project: W. 10th Ave Townhomes
Construction of Five tri-story brownstone townhomes
Current Phase: Permitting
East Austin, TX - In Progress
Acquisition of land to develop A/B unit in highly desirable area of East Austin. Anticipated August 2022
Project details: 2020 - ongoing
Lot cost: $465K
Construction + Carrying fees: 465k + 80K
Total costs = $1,010,000
Expected projections:
A Unit: $850K
B Unit: $500K
Total: $1.35K M
Cash outlay: $465K
Returns: 250-265K
Collier Ave, Austin, TX
Acquisition of tear down home in Zilker Park neighborhood with construction of custom build 2700 sq ft SFR
Project details: 2016-2018
Acquisition of land: $575K
Construction + Carrying costs: $535K total 1.126MM costs.
Investor Cash outlay: $235K
Sale: $1.34MM / Investment gain: $230K
Total Cash-on-Cash Return: 97.8% (annualized: 49%)
Total ROI: 21%
The Valencia Home - Assisted Living Care Home
Conversion and development of a SFR into assisted living care home from acquisition to current operations. Home was originally 5 bed/4.5 bath but was extensively renovated into 10 bedrooms with 11.5 bathrooms.
Currently home is being operated by MD Senior Living providing full caregiving and assisted living services for elderly.
Project details: 2017 - Ongoing
Acquisition: $812K (20% down)
Renovation: $190K (cash)
Total Cash Outlay: $352K
Operations: 50K
Monthly Cash Flow: 12-14K = Avg 156K annual
Annual Cash-on-Cash Returns: 44%
Investor capital return within 4 yrs with >90% CoC return thereafter
East Austin - Unit A / B New Construction
Acquisition of lot that was subdivided with an “A” and “B” unit constructed.
Maple St construction of A and B units
Portfolio of Kansas City SFRs
Purchase of 8 under-performing single family rentals in greater KC metro. With value-add renovations of outdated units, rents were raised with overall 29% increase in NOI
Project Details: 2016-2020
Total Acquisition Costs: $899,700
Cash Outlay/Down Payment: $299,700
Sale: $1.1 MM - 967,200 = $200,300
Net Proceeds (debt paydown + net rental income - renovation expenses): 132,800
Total Cash-on-Cash Returns: 66% ( annualized 16.6%)
Valencia at 47th Pl. - Residential Care Home
Purchase of 5 bed SFR converted into residential assisted living care home in Scottsdale, AZ - operated by MD Senior Living.
Project Details: 2020 - Ongoing (home licensed 10/2020)
Total Acquisition Cost: $620K
Down-payment + Renovation Cash Outlay: $183K
Expected Gross Monthly Cash Flow: 23-25K with net revenues of 10-14K
Investor expected returns: >30% annual (after stabilization)
