PROJECT DETAILS

Rocketown 10 Condo Project
Dallas Texas

+ CONDO DEVELOPMENT + THREE STORY MODERN DESIGN + EXPERIENCED TEXAS DEVELOPER

THE OVERVIEW
+ 10 Three Story Condo Design + 22,800 Total Square Feet + Granite Countertops + Excellent Appliance Package + Garage Parking
+ Recreational Rooftop Experience, With Pickleball Courts, Swimming Pool, Hot Tub For Tenant Enjoyment As A Value Add
+ The Monolithic All Concrete Design Makes The Recreational Rooftop Amenity Workable & Practical Given The Structural Building Strength

ANTICIPATED ECONOMIC VALUE + COST + NET GAINS
*Build-To-Rent Development Model
$5.8M Market Value
$5.1M All In Development Cost
$1.1M Soft Costs - Engineering, Design, Permitting / Entitlements, etc.
$3.8M Hard Construction Cost
$375K Contingency Operating Reserves, Legal, HOA, etc.
$700K Land Cost
$720K of Anticipated Net Equity

Footnote:
With the Build-to-Rent Model, our team would make provisions to refinance the project with a permanent mortgage once the Rocketown 10 Condo project Is stabilized. The goal of the refinancing is to return the private investment of investors, and pay off the interim construction loan. In this scenario, the private investors would realize the return of their capital, but retain a proper long-term equity ownership in Rocketown 10.