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2000 Rydal Cir

SFR V Tranche 5 Borrower LLC Acquires The Isles Single-Family Rental Community In Roseville For $57.7M
SOLDSingle Family

SFR V Tranche 5 Borrower LLC Acquires The Isles Single-Family Rental Community In Roseville For $57.7M

2000 Rydal Cir

$57,700,000

Building Size

Asset Type

Single Family

Closing

Oct 11, 2023

AI

The Isles single-family rental community in Roseville, California, was sold for $57.7 million. The property includes 135 homes built by D.R. Horton and offers single-family rentals with rents starting at $3,195 a month. Located at 2000 Rydal Circle in Roseville, the property is part of the Single Family Rental market.

Summary of transaction details

  • Property Type: Single Family Rental
  • Transaction Amount: $57,700,000
  • Market: Roseville
  • Seller: D.R. Horton Inc. - Donald Horton
  • Buyer: SFR V Tranche 5 Borrower LLC

The sale of The Isles single-family rental community in Roseville, California, was finalized between the Seller, D.R. Horton Inc. represented by Donald Horton, and the Buyer, SFR V Tranche 5 Borrower LLC. The buyer, SFR V Tranche 5 Borrower LLC, is an entity linked to Progress Residential.

Players

DI
D.R. Horton, Inc.Seller

Roseville Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.27%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93