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Investment in
affordable housing

Amount of investment
$100,000
Monthly income
~$1,000
ROI
~10%
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At CoNest Investments, we are driven by a passion for transforming real estate into community-centric spaces that empower individuals and foster connections. Founded by seasoned professionals with extensive expertise in real estate development and affordable housing, our company addresses the housing crisis in Phoenix, Arizona, through innovative co-living models

Our team’s diverse experience across the real estate industry enables us to refurbish single-family homes into affordable, communal spaces, providing low-income residents with not only a place to live but also a supportive community where they can thrive. By focusing on co-living solutions, we aim to make housing more accessible and foster a sense of mutual support. Our mission is to create environments where people can live affordably and connect meaningfully, building vibrant, sustainable communities.

Meet our founders

Jamil Damji

Extensive background in real estate and media.

Created AstroFlipping and co-founded KeyGlee, a national real estate wholesaling company.Co-host of the 'Triple Digit Flip’ show.

Passionate about real estate education.

Rahima Athari

Over two decades of experience in real estate investment.

Co-founded KeyGlee, a national real estate wholesaling company. Project manager of the construction company. Co-owner of the property management company.

Dedicated to innovative affordable housing solutions.

Alyona Shulakova

Expertise in corporate data analysis and luxury real estate development.

Developer of high-end condos and single-family homes in Boston area, MA.

Driven to craft upscale living environments.

Vladimir Rubinin

Worldwide expertise with a passion for innovation.

Owner of several international businesses with a focus on real estate.

Passionate about developing and implementing strategic growth initiatives to enhance business development.

The problem we’re solving

>7 mil
Low-income families in the United States. There is a growing difficulty for the most vulnerable populations to find adequate and affordable housing.
20%
The projected compound annual growth rate (CAGR) for the global co-living market through 2025, according to CBRE.
30%
The increase in demand for co-living solutions in major U.S. cities, as highlighted in industry reports from sources like Urban Land Institute and CBRE.

Phoenix, Arizona

Phoenix, Arizona, is a fast-growing city where the demand for affordable housing far outweighs the supply. Rising living costs have made it difficult for many residents to find affordable, high-quality housing options. By focusing on co-living developments, CoNest Investments directly addresses this issue, offering shared living spaces at a lower individual cost, while still providing modern amenities and comfort.
270,000
Housing units required to meet current demand
$1,432 + utilities
As of October 2024, the median rent in Phoenix.
In 2022, nearly 50% of renters in AZ spent more than 30% of their income on housing.
$423,400
The median sale price of a home increased by 57% from 2019 to 2023.

Our projects

This completed project, located at 3327 West Cholla St, Phoenix, Arizona, serves as a showcase of CoNest Investments’ successful co-living transformation strategy.

Originally a 4-bedroom, 2-bathroom single-family home, the property has been fully renovated into an 8-bedroom, 8-bathroom co-living space. Investors in this project benefited from equity ownership, and CoNest Investments managed every aspect from acquisition to completion. After the renovation, the property began generating monthly rental income from co-living tenants, offering returns significantly higher than traditional rental models.

Details

Project Cost
Purchase price
$300,000
Renovation
$220,000
Soft Costs
$30,000
Total
$550,000
Income
Price per room
$290
Number of rooms
8
Total month
$9,280
Total year
$111,360
Expenses
Carrying Costs
$1,200
Property management
$2,041.60
Total month
$3,241.60
Total year
$38,899.20
Total
Month
$6,038.40
Year
$72,460.80
Annual ROI
12,78%
Profit split
General partner
20%
$14,492.16
2,56%
Investor
80%
$57,968.64
10,22%

We offer

At CoNest Investments, only accredited investors are eligible to participate in our real estate investment opportunities, in accordance with SEC regulations under Rule 506(c). To ensure compliance, we offer a seamless and secure verification process through a third-party service, at no additional cost to our investors. This process helps us confirm your status as an accredited investor so you can begin investing confidently.
Offer A
$10,000
minimum investment
  • Each project is owned by a separate registered LLC.
  • Cash flow and equity gains are split 80% to investors and 20% to CoNest, prorated by investment amount.
  • In 5 years investor can voluntarily divest.
  • Investor can claim depreciation of the property based on a 80% ownership, prorated by investment amount.
Offer B
$450,000
minimum investment
  • Each project is owned by a separate registered LLC or multiple properties in one LLC for each investor.
  • 50/50 split with CoNest on cash flow and equity gains
  • In 6 months, the investor receives ~70% ($315,000) of the invested capital backthrough refinancing.
  • Investor can claim depreciation of the property based on a 50% ownership

Investment calculator

All numbers are estimates and are based on data from current projects
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Loan interest rate 7% for 30 years
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Typical project
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*This calculator is for informational purposes only and provides estimated projections based on data from past projects. Results are not guaranteed and should not be considered financial, legal, or investment advice. Actual performance may vary due to market conditions or unforeseen factors. Please consult a financial advisor before making investment decisions. CoNest Investments is not responsible for any outcomes resulting from the use of this tool.

Any questions? Contact us