theCOTTAGE - USC Student Housing


Purchase Date Purchase Price Total Investment Total Return
February 2015 $490,000 $221,000 132%

Results as of January 1, 2019 - Past performance and statements regarding earnings are no guarantee of future results.

INVESTMENT DRIVERS

  • Charming Craftsman-style duplex in need of major renovation and improvement. Front house with 4 bedrooms, and 1 bedroom back house.

  • Improving location near the USC campus.

  • Potential for high rental income from Millennial renters seeking an urban location.

RESULTS

  • Increased income from $1,450 to $5,400 per month.

  • Core renovation that included replacement of all major systems, including electrical and plumbing, installation of two new roofs, major repairs to the foundations, and all new interiors to both units

  • Refinancing completed in 2016 with 132% return on initial capital.