WESTWIND APARTMENTS • ALBANY, GEORGIA
The Numbers
| Purchase Price: | $5,350,000 |
| Capital Improvements: | $1,500,000 |
| NOI: | $804,694 |
| Cap Rate: | 11.3% |
| Stabilized Value: | $11,500,000 |
| Equity: | $4,375,000 |
| Refinance Proceeds: | $1,500,000 |
| Cash Flow: | $217,032 |
200-unit Apartment Complex, acquired in April 2019
