Comparable
Townhomes for Purchase
|
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Briarwood
|
Westpark
|
||
Rent
per mo.
|
750
|
884
|
|
Number
of units
|
16
|
6
|
|
Total
SQ FT
|
16,016
|
9,692
|
|
SQ
FT/Unit
|
1,001
|
1,615
|
|
Price/UNIT
|
$78,125
|
$92,500
|
|
Price/SQ
FT
|
$78
|
$57
|
|
Cap
Rate
|
10.96%
|
11.04%
|
|
Occupancy
Rate
|
100%
|
100%
|
|
Annual
Rent/SQ FT
|
$8.99
|
$6.57
|
|
Comments:
Limited availability of multi unit town homes for sale in the target market
area.
|
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Property
Address
|
Sq Footage
|
Monthly Rent
|
Annual
Rent/SQ FT
|
4040 Crow
Rd.
|
897
|
$800
|
$10.70
|
4075
Laurel
|
848
|
$625
|
$8.84
|
6550
Lexington
|
986
|
$770
|
$9.37
|
3155
French Rd.
|
893
|
$652
|
$8.76
|
Comments:
Rental rate of target property very competitive with comparable 2BR
apartments
|
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Sunday, April 22, 2012
Comparable Townhomes for purchase
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