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Asset Details
Water: municipal
Sewer: private
W/S Billing Method: sub-metered
Electric Billing Method: direct
NOI at Purchase: $328,464
Expected NOI Year 5: $423,961
Family Median Income: $67,874
Income Per Capita: $27,338
Population: 23,811 (as of 2016)
Average 2 BR: $730
Average 3 BR: $980
Median Home Price: $158,200
Map
Highlights
- Community already sub-metered to recapture water and sewer expenses
- High occupancy
- Good accessibility for commuters
- Winston-Salem Public Works confirmed that neighboring communities have plans that have been approved to bring public sewer to them, and we could access public sewer via these plans
Pro Forma
There can be no assurance that the actual results or developments anticipated will be realized or, even if substantially realized, that they will have the expected consequences to or effects on the Fund (as defined below) or its operations. There can be no assurance that the Fund will achieve its target returns or avoid losses, including loss of principal.