Seldon

This completed project, located at 3841 W Seldon Lane, 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 a co-living space featuring 7 individual rooms, with 2 rooms sharing a common bathroom and 5 rooms each having a private ensuite bathroom.

Details

Project Cost
Purchase price
$367,000
Renovation
$77,000
Income
Price per room /
shared bath
$260/week
Number of rooms
2
Price per room/
private bath
$270/week
Number of rooms
5
Expenses
Carrying Costs
$1,692.60
Management fee
$1,781.36
Total
Month
$4,623.13
Year
$55,477.65
Annual ROI
12.48%
Profit split
General partner
20%
$11,095.53
2.49%
Investor
80%
$44,382.12
9.98%