54th Drive
This completed project, located at 2920 N 54th Drive, Phoenix, Arizona, serves as a showcase of CoNest Investments’ successful co-living transformation strategy.
Originally a 3-bedroom, 3-bathroom single-family home, the property has been fully renovated into a 7-bedroom, 7-bathroom co-living space.
Details
Project Cost
Purchase price
$280,000
Renovation
$170,000
Income
Price per room
$260/week
Number of rooms
7
Expenses
Carrying Costs
$1,423.78
Management fee
$1,733.73
Total
Month
$4,723.09
Year
$56,677.08
Annual ROI
12.59%
Profit split
General partner
20%
$11,335.41
2.51%
Investor
80%
$45,341.66
10.07%
Ready to start?
Begin investing