xhv8mzw7ge79waga35o97s2wbzpfr6 Laguna Farms - Fourplex Investment | Nampa, ID | FIG

Laguna Farms

– Nampa, ID –

Project Details

NOI/Month:
NOI/Annual:
Cash Flow/month:
Cash Flow/year:
Cap Rate:
10 YR IRR:

$3,655
$43,864

$1,019
$12,223
6.7%
15.6%

(includes vacancy, expenses and property management fees)

Rents in Boise valley have had a strong cycle of growth, culminating this year in what is poised to be the best year of rent gains yet. This trend has been bolstered by a healthy and expanding economy in Boise and Idaho as a whole, as evidenced by some of the strongest employment growth in the country.


The submarket, home to the downtown retail district, contains many attractions, such as Boise zoo, CenturyLink Arena, and the Boise Art Museum, as well as the Boise VA Medical Center. Roughly 41% of the population rents rather than owns, the highest percentage in the metro and possibly the result of home prices that average $230,000—nearly 35% more than those in the rest of the metro.

For more information contact:

Sherida Zenger    801.787.6665    sherida@fig.us

Chase Leavitt     435.632.7028     chase@fig.us

In Nampa, households earn a median yearly income of $45,404—while average household expenditures average $46,658—keeping many individuals and families in multifamily rental units for longer periods of time. Nampa is located about 20 miles west of Boise along interstate 84. It's the principal city of the Boise-Nampa Metro area (Idaho's largest metropolitan area), and is centrally and ideally located to reach all the western U.S. markets. The entire area has proven to be a great place for the Fourplex Investment Group, as we now have properties in both Nampa and Meridian.

The metropolitan area itself has a population around 227,000 people, and boasts the following rental stats: 

 

  • Boise ranks 5th in Nation for Rising Rents

  • Average Rent Increase of 14.4% for One-Bedroom Apartments over the Last Year

  • Average rent across all types of apartments is $983 per month – up from the $879. (11.8% increase since last year)

  • Between 95% and 99.5% of all units have people living in them in every area – with the lowest occupancy in Southeast Boise at 95.5%

Laguna Farms Fourplexes are presented by:

Sherida Zenger, RE/MAX Advisors

Chase Leavitt, RE/MAX Advisors

in partnership with FIG – Fourplex Investment Group.

Laguna Farms Documentation

Photos & Renderings

295 W Center St, Suite A

Provo, UT 84601

(801) 758-8970

(Brokered by RE/MAX Equity & partners)

CONTACT US

FIG DISCLAIMER: No investments are guaranteed to result in profits. Net operating income, cap rates, and internal rates of return are subject to fluctuation and may experience a wide range of change, including the potential for operating losses. Factors affecting investment returns include, without limitation, changes in interest rates, tenant vacancies and defaults, property management expenses, repair and maintenance costs, HOA expenses, litigation, insurance rates, and relative strength and weakness in the local and regional economy. Past performance is not a guarantee of future returns. FIG does not provide tax or legal advice, and none of the statements or information on our website or sales materials should be construed as tax or legal advice. All investors are encouraged to seek advice from their own tax and legal professionals. All estimated returns on investments in FIG projects are subject to change and may be significantly different from actual financial performance. FIG is a brand used for the purposes of marketing. FIG is not an actual company but is used to brand the investment strategy used by those marketed on this website. © 2020 FIG & RE/MAX Equity