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

Property Image
SOLD
$57,700,000

California

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Single Family
Sold 10/11/2023
the dealdetailscomps
Property Image
SOLD

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

2000 Rydal Cir

See Similar Deals
Single Family
Sold 10/11/2023
the dealdetailscomps

Summary

CALIFORNIA
Asset Type:Single Family
Transaction Type:Sale

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

Details

SOLD
IMAGE: Donald Horton DATE: 10/11/2023 ADDRESS: 2000 Rydal Circle MARKET: Roseville ASSET TYPE: Single Family Rental BUYER: SFR V Tranche 5 Borrower LLC SELLER: D.R. Horton Inc. (@DRHorton) - Donald Horton SALE PRICE: $57,700,000 NOTE: The Isles single-family rental community in Roseville, California, was sold for $57.7 million to an entity linked to Progress Residential. The property includes 135 homes built by D.R. Horton, offering single-family rentals with rents starting at $3,195 a month, indicating the increasing trend of single-family rental properties selling like multifamily properties.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$3,077,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$204,995.92
Cash-on-Cash Return-1.27%
Monthly Debt Service$273,527.44
Annual Debt Service$3,282,329.25