BAYSIDE REALTY LLC

‚ÄčOFFERING SUMMARY  

                                                                                                        
ADDRESS                                              6916 Miller Road Rowlett TX 75288
COUNTY                                               Dallas
MARKET                                               Rowlett
SUBMARKET                                       North Texas
BUILDING SF                                       17,200
TOTAL HOMES                                   4
LAND SF                                                53,252 SF
YEAR BUILT                                          2018
OWNERSHIP TYPE                             Leasehold

 
FINANCIAL SUMMARY                                                                                                          

OFFERING PRICE                                $4,000,000

PRICE PER KEY                                    N/A
PRICE PSF                                             $232.56
NOI (STABILIZED)                               $403,978
CAP RATE (IN-PLACE)                       N/A
CAP RATE (STABILIZED)                   12.59 %
ADR (STABILIZED)                              $500                                                                
REV PAR (STABILIZED)                     $488




Bayside Realty LLC owns the land and ready to build four homes for vacationers to rent from all over the world. The property is strategically located in Rowlett Texas a northeastern suburb of Dallas. Lake Ray Hubbard, formerly Forney Lake, is a freshwater reservoir where vacationers can enjoy all the water sports and relaxation one can ask for.

 Each home (including hot tubs) will cost approximately $671,000 to build. Based on the comparable in the area, we estimate the average daily rental per home to be approximately $500. All the homes (which include two master suites) will be fully furnished, utilities and housekeeping will be included in the daily rate.

 Up to 100% Return on your Principle Upon Exit


12% - 14% Return, annually

Dividends paid quarterly

Brand New Construction

3t to 5 Year Term

Minimum Investment $100,000


 We have "earmarked" a substantial reserve for advertising on all the major home rental sites such as; Airbnb, VRBO, HomeAway, etc.Type your paragraph here.