Asset Details

Water: municipal

Sewer: municipal

W/S Billing Method: direct

Electric Billing Method: direct

NOI at Purchase: $226,670

Expected NOI Year 5: $290,011

Family Median Income: $52,128

Income Per Capita: $23,335

Population: 126,245 (as of 2016)

Average 2 BR: $850

Average 3 BR: $1,155

Median Home Price: $147,000

Map

Highlights

  • Direct billed utilities for water, sewer and electric
  • City of New Bern maintains from meter-to-main within community
  • Below average unemployment rate and positive job growth
  • New single-family sub-divisions going up around the community

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.

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