Investment Overview:

A rare opportunity to acquire a stabilized 150-property / 175-door single-family rental portfolio in Lubbock, TX. This Class C portfolio has been meticulously renovated and systematized over the past 5 years, offering consistent cash flow and operational efficiency.

Financial Snapshot:

• Monthly Gross Rent: ~$136,000

• Annual Gross Income: ~$1.63M

• Expense Ratio: ~40% (Conservatively Estimated)

• Net Operating Income (NOI): ~$986,980

• Cap Rate: 7.3%

• Estimated Market Value Using 1% Rule: $13.5M - $15M

Property & Portfolio Features:

• 175 total doors across 150 SFR properties

• 95% renovated within the last 5 years

• 92%+ occupancy with 98%+ rent collection

• Low turnover: Less than 1 eviction per month

• Majority of roofs, HVACs, and interiors updated

• Owner self-manages with streamlined SOPs, team can stay on

• BRRR strategy portfolio – properties refinanced post-renovation

Operations & Management:

• Systems in place for: Leasing Collections Maintenance / Make-Readies Bookkeeping

• Owner spends 1–3 hrs/day on operations; will stay on post-sale if desired

• All properties located in working-class, high-demand neighborhoods

• Turnkey + scalable for remote or in-house management

Financing Terms:

• Seller financing available:

  • 30-year amortization

  • 7% interest

  • 5-year balloon

• Option to carry back a 2nd, allowing up to 95% CLTV

Seller Notes:

"I’ve personally owned and renovated each property since 2015. This sale is motivated by a divorce and shifting personal priorities. I’m willing to assist with transition, financing, and even ongoing management. Rents are currently 20–30% below market, offering substantial value-add opportunity."