Fundrise Acquires Residential Property In Humble, Houston From Balcara Group & Montgomery Street Partners
15863 Kinlough Drive, Humble, TX, USA
Building Size
—
Asset Type
Co-Op
Closing
Dec 8, 2021
AI
Located at 15863 Kinlough Drive in Humble, Houston, this residential property is a prime investment opportunity. With a total of 163 units spread across 20 acres of land, it offers ample space for residents to live comfortably.
Summary of transaction details:
- Property Type: Residential
- Transaction Amount: Not specified
- Units: 163
- Acres: 20
The buyer, Fundrise represented by Ben Miller, recognized the potential of this property and seized the opportunity. On the other side of the deal, the seller was the Balcara Group & Montgomery Street Partners. With their expertise in real estate, they made the transaction smooth and successful.
Players
Houston Co-Op Market Snapshot
Boundary boundary · Co-Op · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93