Days To Go: 27
Equity Investment - 3 Year Hold - 20.92% Projected ROI from rental cash flow and property appreciation of 3707 Counselor Drive Austin, TX.
Equity Investment in a Single Family Rental Property. Fully refurbished and already rented, 3707 Counselor is a 3-Bedroom, 2.5-Bath rental home in desirable Austin, TX neighborhood.
- Rental Cash Flow
- Equity Appreciation
Minimum Investment: $1,650 per share - up to 200 total shares
Projected ROI: 20.92%
|Use of Proceeds||Percent of Proceeds Raised @ Target||Funds Raised @ Target||Percent of Proceeds Raised @ Minimum||Funds Raised @ Minimum|
|Issuer Cash Out||32.57%||$107,493||25.38%||$74,878|
The Company is offering up to 200 Membership Interests for up to $330,000.00. The Company is attempting to raise a minimum amount of $295,000.00 in this Offering (the "Minimum Amount"). The Company must receive commitments from investors in an amount totaling the Minimum Amount by June 17, 2019 (the "Offering Deadline") in order to receive any funds. If the sum of the investment commitments does not equal or exceed the Minimum Amount by the Offering Deadline, no Securities will be sold in the Offering, investment commitments will be cancelled and committed funds will be returned to potential investors without interest or deductions. The Company has the right to extend the Offering Deadline at its discretion. The Company will accept investments in excess of the Minimum Amount up to $330,000.00 (the "Maximum Amount") and the additional Securities will be allocated at the Company’s discretion. The price of the Securities does not necessarily bear any relationship to the Company’s asset value, net worth, revenues or other established criteria of value, and should not be considered indicative of the actual value of the Securities.
In order to purchase the Securities, you must make a commitment to purchase by completing the Subscription Agreement. Purchaser funds will be held in escrow with North Capital Private Securities Corporation until the Minimum Amount of investments is reached. Purchasers may cancel an investment commitment until 48 hours prior to the Offering Deadline or the Closing, whichever comes first using the cancellation mechanism provided by the Intermediary. The Company will notify Purchasers when the Minimum Amount has been reached. If the Company reaches the Minimum Amount prior to the Offering Deadline, it may close the Offering at least five (5) days after reaching the Minimum Amount and providing notice to the Purchasers. If any material change (other than reaching the Minimum Amount) occurs related to the Offering prior to the Offering Deadline, the Company will provide notice to Purchasers and receive reconfirmations from Purchasers who have already made commitments. If a Purchaser does not reconfirm his or her investment commitment after a material change is made to the terms of the Offering, the Purchaser’s investment commitment will be cancelled, and the committed funds will be returned without interest or deductions. If a Purchaser does not cancel an investment commitment before the Minimum Amount is reached, the funds will be released to the Company upon closing of the Offering and the Purchaser will receive the Securities in exchange for his or her investment. Any Purchaser funds received after the initial closing will be released to the Company upon a subsequent closing and the Purchaser will receive Securities via Electronic Certificate/PDF in exchange for his or her investment as soon as practicable thereafter.
Subscription Agreements are not binding on the Company until accepted by the Company, which reserves the right to reject, in whole or in part, in its sole and absolute discretion, any subscription. If the Company rejects all or a portion of any subscription, the applicable prospective Purchaser’s funds will be returned without interest or deduction.
The price of the Securities was determined arbitrarily. The minimum amount that a Purchaser may invest in the Offering is $1,650.00.
|Project Equity Sharing|
|As-Is Property Value Today||$335,000|
|Current Mortgage/Debt on Property||$193,000|
|Owner's Current Equity Value||$142,000|
|Owner's Current Percent of Equity||42.39%|
|Full Percent of Equity Owner Intends to Offer for CF||32.09%|
|Min Percent of Equity Owner Intends to Offer for CF||22.35%|
|Full Owner Cash out||$107,493|
|Minimum Owner Cash out||$74,878|
|Full Issuer's Remaining Equity %||10.30%|
|Full Crowd's Total Equity %||89.70%|
|Minimum Issuer's Remaining Equity %||20.04%|
|Minimum Crowd's Total Equity %||79.96%|
|Full Principle to Crowdfund||$300,493|
|Minimum Principle to Crowdfund||$267,878|
|Full Shared Expenses to Crowdfund||$29,506|
|Minimum Shared Expenses to Crowdfund||$27,123|
|Full Total Crowdfund Target||$330,000|
|Minimum Total Crowdfund Target||$295,000|
|Full Project Fund Issuer Hold value||$34,507|
|Min Project Fund Issuer Hold value||$67,122|
|Full Project Cost||$364,506|
|Minimum Project Cost||$362,123|
|Expected Monthly Rental Income||$1,900|
|Total Monthly Expenses||$834|
|Net Monthly Cashflow||$1,066|
|Gross Annual Rent||$22,800|
|Net Annual Cashflow||$12,797|
|Yearly Cashflow ROI (Full Fund)||3.51%|
|3-Year Net Cashflow||$38,391|
|3-Year Issuer Net||$3,954|
|3-Year Crowd Net||$34,437|
|3 Yr. cap rate on full funding (Net Cashflow/Project Cost)||10.53%|
|3 Yr. cap rate on min funding (Net Cashflow/Project Cost)||10.60%|
|Property Value Appreciation|
|Local Annual Property Appreciation||6.30%|
|Total Property Value||$356,105|
|Total Property Value||$378,540|
|Total Property Value||$402,388|
|Full 3-Year Property ROI - Full Funded||10.39%|
|Min 3-Year Property ROI - Minimum Funded||11.12%|
|Full 3-Year Total (Cash Flow + Appreciation - Cost)||$76,272|
|Min 3-Year Total (Cash Flow + Appreciation - Cost)||$78,656|
|Full 3-Year ROI (Cash Flow + Appreciation)||20.92%|
|Min 3-Year ROI (Cash Flow + Appreciation)||21.72%|
|Min Invest per Investor||$1,650|
|3 yr. Net Cash Flow||$38,391|
|Estimated $ ROI at Full Fund||$76,272|
|Estimated % ROI at Full Fund||20.92%|
|Estimated $ ROI at Min Fund||$78,656|
|Estimated % ROI at Min Fund||21.72%|
directors or managers of the Company are listed below along with all positions
and offices held at the Company and their principal occupation and employment
responsibilities for the past three (3) years and their educational background
Philip Pesses – Manager since March 19, 2019
Kelli Pesses – Manager since March 19, 2019
The company has not elected officers and directors at this time. The Company shall be managed by the aforementioned managers.
Philip Pesses: Marketing Manager at NXP where he has been employed since 2001 located at 6501 West William Canon Austin, Texas 78735
Pesses: Realtor for Austin Realty located at 4301 West William Cannon Austin,
Philip Pesses: B.S. Electrical Engineering from University of Texas in Austin.
Kelli Pesses: Graduate of the University of North Texas in Denton, Texas.
The officers of the Company are listed below along with all positions and offices held at the Company and their principal occupation and employment responsibilities for the past three (3) years and their educational background and qualifications.
The Company has not elected officers at this time. The Company shall be managed by the aforementioned managers.
Link to SEC Form C filing