據WSJ,建房公司Beazer和KKR Investment聯合推出了一個專做單獨房出租的REIT. Beazer貢獻價值20Million 的192套房子,KKR投65million. 他們的目標是買更多房,一旦房產總值達到150million, 就上市。
分析了一下,這REIT的成敗實在是50/50。看來,我們老中又多了一個搶白菜房的競爭對手啦!
Conservative Version | |||
Beazer Home-Rental REIT | Scenario 1 | Scenario 2 | Scenario 3 |
Portfolio - Number of Homes | 192 | 500 | 1,000 |
Average Purchase Price Per Home | 104,166.67 | 180,000.00 | 200,000.00 |
Total Market Value | 20,000,001 | 90,000,000 | 200,000,000 |
Assumptions | |||
Rental Revenue Per Home Per Month | $800 | $800 | $800 |
Maintain Costs Per Home Per Month | 150 | 150 | 150 |
RE Tax Per Home Per Month | 350 | 350 | 350 |
Marketing and G&A Per Month | 60,000 | 120,000 | 150,000 |
Monthly P&L | Scenario 1 | Scenario 2 | Scenario 3 |
Rental Revenue | 153,600 | 400,000 | 800,000 |
Operating Costs | 28,800 | 75,000 | 150,000 |
RE Tax | 67,200 | 175,000 | 350,000 |
Marketing G&A | 60,000 | 120,000 | 150,000 |
Monthly P&L | (2,400) | 30,000 | 150,000 |
Annual P&L | (28,800) | 360,000 | 1,800,000 |
Investment | 20,000,001 | 90,000,000 | 200,000,000 |
ROI | -0.14% | 0.40% | 0.90% |
Good Economy Version | |||
Beazer Home-Rental REIT | Scenario 1 | Scenario 2 | Scenario 3 |
Portfolio - Number of Homes | 192 | 500 | 1,000 |
Average Purchase Price Per Home | 104,166.67 | 180,000.00 | 200,000.00 |
Total Market Value | 20,000,001 | 90,000,000 | 200,000,000 |
Assumptions | |||
Rental Revenue Per Home Per Month | $1,000 | $1,200 | $1,400 |
Maintain Costs Per Home Per Month | 150 | 150 | 150 |
RE Tax Per Home Per Month | 350 | 350 | 350 |
Marketing and G&A Per Month | 60,000 | 120,000 | 150,000 |
Monthly P&L | Scenario 1 | Scenario 2 | Scenario 3 |
Rental Revenue | 192,000 | 600,000 | 1,400,000 |
Operating Costs | 28,800 | 75,000 | 150,000 |
RE Tax | 67,200 | 175,000 | 350,000 |
Marketing G&A | 60,000 | 120,000 | 150,000 |
Monthly P&L | 36,000 | 230,000 | 750,000 |
Annual P&L | 432,000 | 2,760,000 | 9,000,000 |
Investment | 20,000,001 | 90,000,000 | 200,000,000 |
ROI | 2.16% | 3.07% | 4.50% |