This Townhouse Development Offering Is Targeting A 21.2% IRR
RealtyMogul has an active listing for Townhomes at the Trail, a luxury boutique, build-for-rent townhouse development located in the Metro-Detroit suburb of West Bloomfield. The community will feature 103 townhome units and has a target internal rate of return (IRR) of 20.2% to 22.2%, or 21.2% at the midpoint. Is this realistic? Let's find out. Offering Snapshot: Property Type: Townhomes Investment Type: Equity Investment Strategy: Development Target Hold Period: 36 months Minimum Investment: $3