Double E Investments

Executive Summary:

Double E Investment Group, a Real Estate investment company that specializes in the student housing sector in College Station, TX  is considering the purchase of the River Oaks Townhome Unit # 1304. The property is a 4 bedroom 4 bath townhome that was built in 2009 and is located at 305 Holleman Drive in College Station, TX. The purchase of this property will be analyzed by VP of Acquisitions Braedon Eller and VP of Development Lauren Estes. River Oaks Townhomes is conveniently located close to Texas A&M University and is on the bus route. Double E Investment Group targets Texas A&M students to fill the vacancy at this property. The task at hand is determining the feasibility of filling the vacancy at a profitable rental rate based on a market analysis, economic analysis, property analysis, and financial analysis. The project will include a thorough property description and detailed financial including a 10 year cash flow analysis. The project will be financed by a local bank providing 40% of the cost with Double E Investment Group providing the remaining 60% in equity. 

 

Company Profile: 

Founded in College Station, TX, Double E Investments started up in 1991 as a boutique real estate investment trust (REIT). It began by purchasing townhomes and single family residences in the College Station area to cater to the growing A&M student population. Double E Investments has grown over the years and has perfected the takeover and income property process in the College Station area. Double E has strict guidelines in determining potential real estate investments and works off the principle: “location, location, location!”

 

Lauren Estes – VP of Development

 

 

                                                     Braedon Eller - VP of Acquisitions

Mission Statement:

The mission of Double E Investments is to be the most successful real estate investment firm in the townhome and single family segment serving the identified Texas growing campuses.

Areas of Expertise and Service:

- Efficient renovation process

- Resale of properties

- Leasing of properties

- Management of properties

- Maintenance and 24/7 on call service for represented parties

 

Market Anaylsis:

      Demographics:

 

 
 

 

 

 

 

 
 

      Economics Anaylsis: 

Unemployment Rate	January 2012	Month/Month	Year/Year
National	8.3%	-0.2	-0.8
Texas	7.3%	-0.1	-0.8
College Station	6.1%	-0.1	-0.5







Ad Valorem Tax Rate:

 

     Sales Tax Rates:

College Station Tax:     1.50%

Brazos County Tax:       .50%

State of Texas Tax:       6.25%

Total:                             8.25%

     

      Franchsie Tax:

Incorporated businesses in Texas are subject to the state franchise tax. Corporations pay either $2.50 per $1,000 in taxable capital, or a 4.5% tax on earned surplus, whichever amount is greater.

 

Psychographics Analysis:

College Station is the proud home of Texas A&M University and is the heart of the Research Valley. It's considered a bright, knowledge-based community which promotes the highest quality of life by...

- Ensuring safe, tranquil, clean and healthy neighborhoods;

- Expecting development and management of the built and natural environment;

- Supporting sustainable growth;

- Valuing and protecting community resources;

- Developing and maintaining cost-effective community facilities;

- Creating and maintaining economic and educational opportunities for all citizens.