Portfolio Examples
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Centennial West, WA, 62 Units
Status: Currently owned & stabilized
Purchase Price: $3M
Purchase Date: January 2020, refinanced middle 2022 and recovered 100% of down payment money.
Current Value: $7.9M
Projected 5 year value: $8.5M
Current equity position and annualized IRR after 46 months: $5.18M and 62.36%
Projected 5 year value and annualized IRR: $8.5M and 47.53%
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Quint Village, WA, 28 Units
Status: Currently owned & stabilized
Purchase Price: $2.3M
Purchase date: 11/2019. Refinanced 2022 and recovered all down payment.
Current Value Confirmed By 10/2023 Offer: $3.4M
Projected 5 year value: $4M
Current equity position and annualized IRR after 44 months: $1.56M and 34.4%
Projected 5 year Value and annualized IRR: $4M and 24.21%
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Deauville: Seattle, WA 8 Units
Status: Completed and Exited, 8.5 Year hold with refinance at 24 months recapturing all initial equity.
Purchase Price: $1.0M
Dates: purchased: December 2010: refinanced 24 months in recaptured 130% of down payment. Sold 7/2019
Exit Price: $2.45M
8.5 Year Profit: $1,628,000
Annualized IRR: 23.27%
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Tacoma, WA: 16 Units
Status: Currently owned and stablizing
Purchase Price: $2.3M
Date Purchased: 10/2022
Current Estimated Value: $2.6M
Estimated current IRR: 29.58%
Projected 36 month IRR: 41.34% @ $3.95M ARV
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Walla Walla, WA: 9 Units
Status: Completed and exited in 14 months
Purchase Price: $525K ($200K Equity)
Dates: Purchase Date: 2/2021 Sale date: 5/2022
Exit Price: $845K
Annualized IRR: 76.32%
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Kent, WA: 8 Units
Status: Completed and exited in 16 months
Purchase Price: $800K ($200K capital used)
Dates: Purchased June 2016, Sold September 2017
Exit Price: $910K
Annualized IRR: 35.18%
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Auburn, WA: 5 Units
Status: Completed and exited in 40 months
Purchase Price: $475K ($110K capital used)
Dates: Purchase: 3/2016 Sale date: 7/2019. Refinanced ~month 18 and recaptured initial capital used for acquisition.
Exit Price: $750K
40 month profit: $420K
Annualized IRR: 49.47%
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Wenatchee, WA: 7 units
Status: Down to the stud rehab, completed lease up 4/2024.
Purchase Price: $1.1M ($250K Equity)
Rehab Budget: 350K
Purchased: 3/2022
Current Value: $1.75M
Annualized IRR: 15.8%