INVESTMENT HIGHLIGHTS 

• Attractive Assumable Debt

  Fixed-rate agency loan at 3.06% and current loan balance at $8.4M.

• Opportunity to Increase Occupancy to Market

  Subject’s occupancy is below the competitive set’s average. An opportunity exists to create substantial value at Woodlands at Cascade by driving occupancy and, therefore, increasing overall collections. By stabilizing Woodlands at Cascade’s occupancy, we project additional annual revenue of more than $360K.

• Desirable Unit Mix

  Offering a variety of spacious living options, Woodlands at Cascade features one-, two-, and three-bedroom floorplans with an impressive average size of 1,213 square feet. Designed to accommodate diverse lifestyles, nearly 29% of the residences are townhomes, providing a unique blend of comfort, privacy, and community living. This thoughtful mix of layouts ensures broad appeal for families, professionals, and individuals seeking both convenience and style.

• Attractive Rent-to-Income Ratio

  Current in-place rents ($1,227) account for only 17.9% of monthly AHI within a three-mile radius.

• Discount to Homeownership

  Monthly mortgage payment, taxes, and insurance ($3,085) for average-value home in area outpaces subject’s market rent ($1,086). With mortgage rates remaining elevated, renting continues to remain an attractive option for many residents within the submarket.

• Desirable Demographics

  60% of population within a three-mile radius holds white-collar employment positions and the average household income exceeds $82K within a three- and five-mile radius.

• Improving Collections Through Recent State Legislation

  Recent legislative developments on the state level aid landlords in property management and operations. Most notably, HB 1203 allows landlords to employ privatized setouts via approved off-duty law enforcement officers. A new owner of Woodlands at Cascade will be able to draft off the new landlord-friendly legislation and grow net operating income through improved economic occupancy and collections.

Location