North Village Green Condos

OFFERING MEMORANDUM

206 Plaza Verde Dr

Houston, TX 77038
 North Village Green Condos
CONTENTS
01 Executive Summary 06 Demographics
Investment Summary Demographics
Unit Mix Summary Demographic Charts
Location Summary

02 Property Description
Property Images

03 Financial Analysis
8 Year Cashflow
Current - Proforma Financials

04 Rent Comps
Rent Comparables
Rent Comparables Map

05 Sale Comps
Sale Comparables
Sale Comparables Summary
Sale Comparables Map

Exclusively Marketed by:

Logan Waller
(214) 704-5001
logan@loganwaller.com

We obtained the following information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other
conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent the current or future performance of the property. You and your tax and legal advisors should conduct your
own investigation of the property and transaction.
 CONFIDENTIALITY & DISCLAIMER
All materials and information received or derived from Waller Group, L.L.C. its
directors, officers, agents, advisors, affiliates and/or any third party sources are
provided without representation or warranty as to completeness , veracity, or accuracy,
condition of the property, compliance or lack of compliance with applicable
governmental requirements, developability or suitability, financial performance of the
property, projected financial performance of the property for any party’s intended use
or any and all other matters. Neither Waller Group, L.L.C. its directors, officers, agents,
advisors, or affiliates makes any representation or warranty, express or implied, as to
accuracy or completeness of the any materials or information provided, derived, or
received. Materials and information from any source, whether written or verbal, that
may be furnished for review are not a substitute for a party’s active conduct of its own
due diligence to determine these and other matters of significance to such party.
Waller Group, L.L.C. will not investigate or verify any such matters or conduct due
diligence for a party unless otherwise agreed in writing .EACH PARTY SHALL
CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE
DILIGENCE .Any party contemplating or under contract or in escrow for a
transaction is urged to verify all information and to conduct their own inspections and
investigations including through appropriate third party independent professionals
selected by such party. All financial data should be verified by the party including by
obtaining and reading applicable documents and reports and consulting appropriate
independent professionals. Waller Group, L.L.C. makes no warranties and/or
representations regarding the veracity, completeness, or relevance of any financial data
or assumptions. Waller Group, L.L.C. does not serve as a financial advisor to any party
regarding any proposed transaction. All data and assumptions regarding financial
performance, including that used for financial modeling purposes, may differ from
actual data or performance. Any estimates of market rents and/or projected rents that
may be provided to a party do not necessarily mean that rents can be established at or
increased to that level. Parties must evaluate any applicable contractual and
governmental limitations as well as market conditions, vacancy factors and other issues
in order to determine rents from or for the property. Legal questions should be
discussed by the party with an attorney. Tax questions should be discussed by the party
with a certified public accountant or tax attorney. Title questions should be discussed
by the party with a title officer or attorney. Real estate contract law and agency
representation questions should be directed to the broker of record in the applicable
state of the subject property. Questions regarding the condition of the property and
whether the property complies with applicable governmental requirements should be
discussed by the party with appropriate engineers, architects, contractors, other
consultants and governmental agencies. All properties and services are marketed by
Waller Group, L.L.C. in compliance with all applicable fair housing and equal
opportunity laws.

Copyright © 2022 CREOP, LLC. All Rights Reserved.

Disclaimer | North Village Green Condos 3

OFFERING PROCEDURES

Purchasers wishing to make an offer or tour the property are requested to submit:

• Letter of Intent to purchase

• Resume indicating assets owned and previous 12 months of acquisitions
• Transaction References
• Banking Reference

Upon receipt of an acceptable Letter of Intent, the successful offeror will be

supplied with a Purchase and Sale Agreement

PLEASE DO NOT CONTACT THE PROPERTY DIRECTLY.

ALL COMMUNICATION, INQUIRIES, AND TOUR REQUESTS SHOULD BE ADDRESSED TO:

Primary Contact:
John Parducci
Regional Specialist
Waller Group Properties
5115 McKinney Ave.
Dallas, TX 75205
(512) 808-4761
john@loganwaller.com
Lavonne Rhine
Transaction Manager
Waller Group Properties
5115 McKinney Ave.
Dallas, TX 75205
(512) 212-6122
lavonne@loganwaller.com

Texas Real Estate Commission -

Broker License #0479147

Offering Procedures | North Village Green Condos 4

 North Village Green Condos | Executive Summary

01

.....................................................
Unit Mix Summary
Location Summary
Investment Summary
Executive Summary

NORTH VILLAGE GREEN CONDOS

OFFERING SUMMARY INVESTMENT SUMMARY
ADDRESS 206 Plaza Verde Dr, Houston, TX
77038 The Waller Group is proud to present the 92.5% occupied, 106-
COUNTY Harris County unit value-add condo portfolio in Houston, TX. Purchase of
the portfolio comes with taking over the existing HOA.
BUILDING SF 88.851 SF
NUMBER OF UNITS 106
Currently the HOA takes care of all exterior capex items
YEAR BUILT 1980 including roofs as well as regular exterior maintenance and
MARKET Houston upkeep. Seller is in charge of wall to wall inside the units he
SUBMARKET Brookhollow / Inwood
owns. The HOA financials are very healthy with a current
checking account of $190,000 and savings account of $154,000.
FINANCIAL SUMMARY Units are relatively out date and in various conditions. All units
have W/D connections.
RESERVE PRICE $8,150,000
PRICE PSF $91.73
There is an opportunity for buyer to look at purchasing
remaining condos however, all remaining condos are owned by
PRICE PER UNIT $76,887
individuals.
OCCUPANCY 92.5%
NOI (CURRENT) $445,185 Current ownership is achieving $445,185 in annual NOI. New
CAP RATE (CURRENT) 5.46% ownership, based upon area rent comps, can raise rents up to
$185 / unit, which is a $0.22 / sqft bump by updating interiors
NOI (PROFORMA) $600,950
with a flooring, fixtures, counter tops, appliances, and lighting
CAP RATE (PROFORMA) 7.37% package. With this bump, new ownership can achieve an annual
NOI of $600,950. Additionally, there is the opportunity to
UTILITIES implement additional income fees through lease violation fees,
Water Owner parking fees, and pet fees. Buyer could also look at
implementing a water conservation program saving up to 20%
Gas N/A
on water bills.
Electric Tenant
Trash Owner
Washer/Dryer W/D Connections

Investment Summary | North Village Green Condos 6

 Actual Market
Unit Mix # Units Square Feet Current Rent Rent PSF Monthly Market Rent Market Rent PSF Market
Income Income
Studio + 1 ba 14 451 $659 $1.46 $9,226 $743 $1.65 $10,402
Studio + 1 ba 2 495 $720 $1.45 $1,440 $856 $1.73 $1,712
1 bd + 1 ba 3 650 $766 $1.18 $2,298 $969 $1.49 $2,907
1 bd + 1 ba 9 660 $750 $1.14 $6,750 $969 $1.47 $8,721
1 bd + 1 ba 1 661 $800 $1.21 $800 $969 $1.47 $969
1 bd + 1 ba 12 728 $764 $1.05 $9,168 $969 $1.33 $11,628
2 bd + 1 ba 13 881 $873 $0.99 $11,349 $1,004 $1.14 $13,052
2 bd + 1.5 ba 3 960 $800 $0.83 $2,400 $1,004 $1.05 $3,012
2 bd + 1.5 ba 11 975 $907 $0.93 $9,977 $1,004 $1.03 $11,044
2 bd + 1.5 ba 1 986 $975 $0.99 $975 $1,006 $1.02 $1,006
2 bd + 2 ba 29 1,000 $923 $0.92 $26,767 $1,190 $1.19 $34,510
3 bd + 2 ba 8 1,152 $1,180 $1.02 $9,440 $1,400 $1.22 $11,200
Totals/Averages 106 838 $855 $1.10 $90,590 $1,039 $1.32 $110,163

Unit Mix Summary | North Village Green Condos 7

 LOCATION SUMMARY

The Brookhollow/Inwood multifamily submarket has experienced 6.5% 12

month effective rent growth along with a 6.2% vacancy rate. This submarket
appeals to residents for its affordability and is fortified by an inelastic base
of renters by necessity. While manty renters work within this submarket,
often in the industrial sector, the area is a reasonable commute to nearby
job centers such as downtown.

Houston has become a global city with strengths in culture, medicine, and
research. The city has a population from various ethnic and religious
backgrounds and a large and growing international community. Houston is
the most diverse metropolitan area in Texas and has been described as the
most racially and ethnically diverse major metropolis in the U.S.

Houston At A Glance Largest employers in Houston include Walmart, which employs over 37,000
• 7.1M + Population employees, Memorial Hermann Health Systems, which employs more than
o 8.3M 5-year projected population 24,000 employees, H-E-B, which employs more than 23,000 employees,
• 21% Population growth since 2010 The University of Texas MD Anderson Cancer Center, which employs more
• 24 Fortune 500 Companies (3rd most of all metros) than 21,000 employees, and McDonald’s Corp, which employs more than
• 3.1M Jobs in the Houston metro 20,000 employees.
o 104,000 new jobs in 2021
• 7th Largest Economy in US
Since the late 19th century Houston’s economy has had a broad industrial
o $512.2 Billion
base, in energy, manufacturing, aeronautics, and transportation. Leading in
• Houston MSA 14% YOY Rent Growth
healthcare sectors and building oilfield equipment, Houston has the second
most Fortune 500 headquarters of any U.S. municipality within its city limits.
Houston Rankings The Port of Houston ranks first in the United States in international
• #1 top corporate destination city waterborne tonnage handled and second in total cargo tonnage handled.
• #1 most diverse cities in America
• 3rd for US metros for corporate relocation and expansion
With a population over 7,120,000 the Greater Houston MSA is the 5th most
• 6th for cities where millennials are moving
populous MSA in the United States and the 2nd most populous in Texas.
• 6th best place to live in the U.S. for quality of life
• #1 growth prospects & business cost Greater Houston serves as a major anchor and economic hub for the Gulf
Coast, and its Port of Houston is the 2nd largest port in the United States,
sixteenth in the world, and leads the U.S. in international trade. With a
population over 2,300,000 Houston is the most populous city in Texas, 4th
most populous city in the United States, and the most populous city in the
DEMOGRAPHICS 1 MILE 3 MILE 5 MILE Southern United States, as well as the sixth most populous in North
2021 Population 9,129 113,498 280,613 America.
2021 Median HH Income $26,806 $37,816 $41,529
2021 Average HH Income $33,345 $49,140 $53,639 Location Summary | North Village Green Condos 8
 North Village Green Condos | Property Description

02

.....................................................
Property Images
Property Description

NORTH VILLAGE GREEN CONDOS

Property Images | North Village Green Condos 10
Property Images | North Village Green Condos 11
 North Village Green Condos | Financial Analysis

03

.....................................................
8 Year Cashflow
Financial Analysis

Current - Proforma Financials

NORTH VILLAGE GREEN CONDOS

 Reserve Price $8,150,000 Unlevered IRR 11.01%
Levered IRR 28.42%
Y1 $/Unit Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8

Potential Gross Income $11,785 $1,249,257 $1,322,063 $1,361,725 $1,402,577 $1,444,654 $1,487,994 $1,532,634 $1,578,613
Vacancy/Loss to Lease/Concessions 4.5% (56,101) (81,968) (84,427) (86,960) (89,569) (92,256) (95,023) (97,874)
Other Revenue $0 0 0 0 0 0 0 0 0
Effective Gross Income $11,256 $1,193,156 $1,240,095 $1,277,298 $1,315,617 $1,355,086 $1,395,738 $1,437,610 $1,480,739

Total Variable Expenses $4,553 482,579 497,056 511,968 527,327 543,147 559,441 576,224 593,511
Total Fixed Expenses $1,477 156,567 161,264 166,102 171,085 176,217 181,504 186,949 192,558
Total Operating Expenses $6,030 $639,146 $658,320 $678,070 $698,412 $719,364 $740,945 $763,173 $786,069

Net Operating Income $5,227 $554,011 $581,775 $599,228 $617,205 $635,722 $654,793 $674,437 $694,670

Debt Service ($290,344) ($290,344) ($382,628) ($382,628) ($382,628) ($382,628) ($382,628) ($382,628)
Net Cash Flow $263,667 $291,431 $216,600 $234,577 $253,093 $272,165 $291,809 $312,042
Return on Equity (Cash-on-Cash) 10.62% 11.74% 8.73% 9.45% 10.20% 10.97% 11.76% 12.57%
Debt Service Coverage 1.91 2.00 1.57 1.61 1.66 1.71 1.76 1.82
Unleveraged IRR 22.4% 16.6% 14.1% 12.8% 12.1% 11.6% 11.3% 11.0%
Leveraged IRR 76.8% 47.7% 36.1% 30.5% 27.1% 24.9% 31.5% 28.4%

Assumptions Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8

Rental Inflation 6.19% 5.83% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%
Vacancy Rate 4.49% 6.20% 6.20% 6.20% 6.20% 6.20% 6.20% 6.20%
Other Income Inflation 0.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%
Expense Inflation 0.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%

8 Year Cashflow | North Village Green Condos 13

 March 2022
Valuation Analysis T-12
Pro Forma

INCOME $/Unit $/Ft $/Unit $/Ft

Potential Gross Income $1,176,451 11,099 $13.24 $1,322,063 12,472 $14.88
Economic Vacancy (32,723) 2.8% (81,968) 6%
Loss to Lease (89,305) 7.6% 0 0%
Concessions 0 0% $0.00 0 0% $0.00
Model Units 0 0% $0.00 0 0% $0.00
Employee Units 0 0% $0.00 0 0% $0.00
Down Units 0 0% $0.00 0 0% $0.00
Total Rental Income 1,054,424 9,947 $11.87 1,240,095 11,699 $13.96
Other Income 0 0 $0.00 0 0 $0.00
RUB Income 0 0 $0.00 0 0 $0.00
Effective Gross Income $1,054,424 9,947 $11.87 $1,240,095 $11,699 $13.96
EXPENSES
Administrative $274,649 $2,591.03 $3.09 $274,649 $2,591.03 $3.09
Bad Debt 0 $0.00 0.00 0 $0.00 0.00
Advertising 0 $0.00 0.00 0 $0.00 0.00
Repairs & Maintenance 14,856 $140.16 0.17 14,856 $140.16 0.17
Contract Services 226 $2.13 0.00 226 $2.13 0.00
Payroll 97,606 $920.81 1.10 97,606 $920.81 1.10
Utilities 95,242 $898.51 1.07 95,242 $898.51 1.07
Total Variable Expenses 482,579 $4,552.63 5.43 482,579 $4,552.63 5.43
Real Estate Taxes 119,630 $1,128.58 1.35 149,537 $1,410.73 1.68
Insurance 7,030 $66.32 0.08 7,030 $66.32 0.08
Management Fee - 0% 0 $0.00 0.00 0 $0.00 0.00
Total Fixed Expenses 126,659 $1,194.90 1.43 156,567 $1,477.05 1.76
Total Expenses $609,238 5,748 $6.86 $639,146 6,030 $7.19
Net Operating Income $445,185 5.46% Cap Rate $600,950 7.37% Cap Rate
Debt Service ($290,344) ($290,344)
Net Cash Flow $154,842 6.24% $310,606 12.51%
Principal Reduction $0 $0
Return On Equity $263,667 10.62% $253,093 10.20%
Proposed Loan at 75% LTV, 4.75% Interest, 10 Yr Term, 30 Yr Amort, 2 Years IO
Explanation of Financial Analysis
Current Pro Forma
Income Income
1 Economic Vacancy calculated using T-12 Effective Income dated March 1 Increased Pro Forma Rents based on survey of comparables
2022
2 Increased Economic Vacancy to 6.2% based on Market Survey
Expenses Expenses
1 All Expenses taken from Trailing 12 month P&L dated March 2022 1 Increased Taxes 25%

Current - Proforma Financials | North Village Green Condos 14

 North Village Green Condos | Rent Comps

04

.....................................................
Rent Comps

Rent Comparables
Rent Comparables Map

NORTH VILLAGE GREEN CONDOS

1 Unit Mix and Rent Schedule
Unit Mix # of Units Square Feet Rent Summary Rent per SF
2 bd + 1 ba 4 940 $1,044 $1.11
2 bd + 2 ba 32 782 $1,029 $1.32
2 bd + 2 ba 30 885 $1,032 $1.17
2 bd + 2 ba 16 990 $1,148 $1.16
3 bd + 2 ba 28 1,132 $1,360 $1.20
Total/Avg 110 946 $1,123 $1.19

Comparables Rent Analysis

2 bd + 1 ba $873 - $1,198

LOW HIGH

Casa Verde Apartments

2 bd + 2 ba $923 - $1,250
2 Goodson Dr, Houston, TX 77060 LOW HIGH

Property Summary 2 bd + 2 ba $923 - $1,250

UNITS 384
LOW HIGH
YEAR BUILT 1973
DISTANCE 1.4 miles 2 bd + 2 ba $923 - $1,250

LOW HIGH
Unit Mix Breakdown

3 bd + 2 ba $1,180 - $1,360

LOW HIGH

Rent Comparables | North Village Green Condos 16

2 Unit Mix and Rent Schedule
Unit Mix # of Units Square Feet Rent Summary Rent per SF
1 bd + 1 ba 36 519 $899 $1.73
1 bd + 1 ba 10 644 $962 $1.49
1 bd + 1 ba 100 670 $969 $1.45
2 bd + 1 ba 74 784 $1,198 $1.53
2 bd + 2 ba 60 880 $1,250 $1.42
Total/Avg 280 699 $1,056 $1.52

Comparables Rent Analysis

1 bd + 1 ba $750 - $969

LOW HIGH

Walnut Creek
1 bd + 1 ba $750 - $969
11411 Green Plaza Dr, Houston, TX 77038 LOW HIGH

Property Summary 1 bd + 1 ba $750 - $969

UNITS 280
LOW HIGH
YEAR BUILT 1980
DISTANCE 0.4 miles 2 bd + 1 ba $873 - $1,198

LOW HIGH
Unit Mix Breakdown

2 bd + 2 ba $923 - $1,250

LOW HIGH

Rent Comparables | North Village Green Condos 17

3 Unit Mix and Rent Schedule
Unit Mix # of Units Square Feet Rent Summary Rent per SF
1 bd + 1 ba 72 519 $754 $1.45
1 bd + 1 ba 36 644 $833 $1.29
1 bd + 1 ba 84 674 $853 $1.27
2 bd + 1 ba 32 784 $959 $1.22
2 bd + 2 ba 56 880 $1,007 $1.14
Total/Avg 280 700 $881 $1.27

Comparables Rent Analysis

1 bd + 1 ba $750 - $969

LOW HIGH

Chase View Apartments

1 bd + 1 ba $750 - $969
201 Plaza Verde Dr, Houston, TX 77038 LOW HIGH

Property Summary 1 bd + 1 ba $750 - $969

UNITS 280
LOW HIGH
YEAR BUILT 1980
DISTANCE 0.2 miles 2 bd + 1 ba $873 - $1,198

LOW HIGH
Unit Mix Breakdown

2 bd + 2 ba $923 - $1,250

LOW HIGH

Rent Comparables | North Village Green Condos 18

S Unit Mix and Rent Schedule
Unit Mix # of Units Square Feet Rent Summary Rent per SF
1 bd + 1 ba 3 650 $766 $1.18
1 bd + 1 ba 9 660 $750 $1.14
1 bd + 1 ba 1 661 $800 $1.21
1 bd + 1 ba 12 728 $764 $1.05
2 bd + 1 ba 13 881 $873 $0.99
2 bd + 1.5 ba 3 960 $800 $0.83
2 bd + 1.5 ba 11 975 $907 $0.93
2 bd + 1.5 ba 1 986 $975 $0.99
2 bd + 2 ba 29 1,000 $923 $0.92
3 bd + 2 ba 8 1,152 $1,180 $1.02
Studio + 1 ba 14 451 $659 $1.46
Studio + 1 ba 2 495 $720 $1.45
North Village Green Condos
Totals/Averages 106 838 $855 $1.10
206 Plaza Verde Dr, Houston, TX 77038

Property Summary
UNITS 106
YEAR BUILT 1980

Unit Mix Breakdown

Rent Comparables | North Village Green Condos 19

# Property Name Address City
S North Village Green Condos 206 Plaza Verde Dr Houston
1 Casa Verde Apartments 2 Goodson Dr Houston
2 Walnut Creek 11411 Green Plaza Dr Houston
3 Chase View Apartments 201 Plaza Verde Dr Houston

Rent Comparables Map | North Village Green Condos 20

 North Village Green Condos | Sale Comps

05

.....................................................
Sale Comps

Sale Comparables

Sale Comparables Map

Sale Comparables Summary

NORTH VILLAGE GREEN CONDOS

1 TOTAL UNITS 416 Price/Unit Range $76,887 - $99,846

YEAR BUILT 1983 LOW HIGH

SALE PRICE $39,826,000

PRICE/UNIT $95,736

CLOSING DATE 11/10/2020

DISTANCE 4.8 miles

The Vanderbilt Apartments

13110 Kuykendahl Rd
Houston, TX 77090

2 Price/Unit Range $76,887 - $99,846

TOTAL UNITS 324

YEAR BUILT 1972 LOW HIGH

SALE PRICE $32,350,000

PRICE/UNIT $99,846

PRICE/SF $115.94

BUILDING SF 279,014

CLOSING DATE 9/17/2021

Coppertree Village DISTANCE 4.5 miles

1415 W Gulf Bank Rd
Houston, TX 77088

Sale Comparables | North Village Green Condos 22

3 TOTAL UNITS 384 Price/Unit Range $76,887 - $99,846

YEAR BUILT 1973 LOW HIGH

SALE PRICE $35,300,000

PRICE/UNIT $91,927

PRICE/SF $95.74

BUILDING SF 368,703

CLOSING DATE 6/25/2021

Casa Verde Apartments DISTANCE 1.4 miles

2 Goodson Dr
Houston, TX 77060

S TOTAL UNITS 106 Price/Unit Range $76,887 - $99,846

YEAR BUILT 1980 LOW HIGH

ASKING PRICE $8,150,000

PRICE/UNIT $76,887

PRICE/SF $91.73

BUILDING SF 88,851

North Village Green Condos

206 Plaza Verde Dr
Houston, TX 77038

Sale Comparables | North Village Green Condos 23

 PROPERTY Units Built Sale Price Price/Unit PSF Close Date DISTANCE (mi)

The Vanderbilt Apartments

1 13110 Kuykendahl Rd 416 1983 $39,826,000 $95,736 $0.00 11/10/2020 4.80
Houston, TX 77090

Coppertree Village
2 1415 W Gulf Bank Rd 324 1972 $32,350,000 $99,846 $115.94 9/17/2021 4.50
Houston, TX 77088

Casa Verde Apartments

3 2 Goodson Dr 384 1973 $35,300,000 $91,927 $95.74 6/25/2021 1.40
Houston, TX 77060

AVERAGES 375 1976 $35,825,333 $95,836 $70.56

SUBJECT 106 1980 $8,150,000 $76,887 $91.73

Sale Comparables Summary | North Village Green Condos 24

# Property Name Address City
S North Village Green Condos 206 Plaza Verde Dr Houston
1 The Vanderbilt Apartments 13110 Kuykendahl Rd Houston
2 Coppertree Village 1415 W Gulf Bank Rd Houston
3 Casa Verde Apartments 2 Goodson Dr Houston

Sale Comparables Map | North Village Green Condos 25

 North Village Green Condos | Demographics

06

.....................................................
Demographics
Demographics

Demographic Charts

NORTH VILLAGE GREEN CONDOS

WALLER GROUP PROPERTIES
WALLER WORTH SCORE

Market Rent Growth Market Vacancy Median HH Income (1mile) 36

< 0.00% 10.00% + < $25,000

0.00% - 1.49% 8.00% - 9.99% $25,000 - $35,000

6.00% - 7.99% $35,000 – $45,000

Tier I
1.50% - 3.49%

3.50% + < 5.99% $45,000 +

27
MSA Population Market Cap Rate Price/SF (Rent)

< 100k 8.50% + < $0.04

100k – 499k 7.50% - 8.49% $0.05 - $0.09

Tier II
500k – 1.24M 6.50% - 7.49% $0.10 - $0.14

1.25M + < 6.49% $0.15 +

18

Price/unit (Sales Comps) Age of Property Management

< $30,000 < 1969 No management/ Self-managed Tier III

$30,000 - $59,000 1970 - 1984 Mismanaged

$60,000 – $99,000 1985 - 1999 In-place – Requires optimization

$100,000 + 2000 + Strong management in-place 9

Total Score 27

Waller Worth Score | North Village Green Condos 27

POPULATION 1 MILE 3 MILE 5 MILE HOUSEHOLDS 1 MILE 3 MILE 5 MILE
2000 Population 9,706 86,106 198,765 2000 Total Housing 3,317 31,716 69,293

2010 Population 8,132 104,968 253,853 2010 Total Households 2,584 32,217 75,487

2021 Population 9,129 113,498 280,613 2021 Total Households 2,839 34,030 81,366

2026 Population 9,492 118,084 295,015 2026 Total Households 2,933 35,146 84,923

2021 African American 1,296 31,230 87,820 2021 Average Household Size 3.21 3.33 3.45

2021 American Indian 98 938 2,041 2000 Owner Occupied Housing 410 10,673 32,464

2021 Asian 99 3,730 13,204 2000 Renter Occupied Housing 2,607 17,336 30,978

2021 Hispanic 7,582 73,520 165,791 2021 Owner Occupied Housing 254 13,016 40,780

2021 Other Race 2,990 29,436 65,410 2021 Renter Occupied Housing 2,585 21,015 40,586

2021 White 4,176 43,443 101,181 2021 Vacant Housing 557 5,209 10,083

2021 Multiracial 468 4,652 10,800 2021 Total Housing 3,396 39,239 91,449

2021-2026: Population: Growth Rate 3.90 % 4.00 % 5.05 % 2026 Owner Occupied Housing 273 13,852 43,618

2026 Renter Occupied Housing 2,660 21,294 41,305

2021 HOUSEHOLD INCOME 1 MILE 3 MILE 5 MILE
2026 Vacant Housing 569 5,296 10,339
less than $15,000 603 4,560 10,628
2026 Total Housing 3,502 40,442 95,262
$15,000-$24,999 641 5,853 11,637
2021-2026: Households: Growth Rate 3.25 % 3.25 % 4.30 %
$25,000-$34,999 686 5,193 11,537

$35,000-$49,999 409 5,658 13,229

$50,000-$74,999 310 6,280 15,773

$75,000-$99,999 142 3,313 9,204

$100,000-$149,999 38 2,359 6,747

$150,000-$199,999 4 617 1,762

$200,000 or greater 6 198 851

Median HH Income $26,806 $37,816 $41,529

Average HH Income $33,345 $49,140 $53,639

Source: esri
Demographics | North Village Green Condos 28
2021 POPULATION BY AGE 1 MILE 3 MILE 5 MILE 2026 POPULATION BY AGE 1 MILE 3 MILE 5 MILE
2021 Population Age 30-34 884 10,137 23,567 2026 Population Age 30-34 857 10,318 25,463

2021 Population Age 35-39 765 8,586 20,117 2026 Population Age 35-39 766 9,418 22,845

2021 Population Age 40-44 580 7,162 17,639 2026 Population Age 40-44 660 7,750 18,915

2021 Population Age 45-49 430 6,038 15,768 2026 Population Age 45-49 480 6,403 16,419

2021 Population Age 50-54 337 5,262 14,127 2026 Population Age 50-54 354 5,357 14,374

2021 Population Age 55-59 330 4,715 12,820 2026 Population Age 55-59 338 4,703 12,842

2021 Population Age 60-64 303 4,132 11,476 2026 Population Age 60-64 320 4,107 11,302

2021 Population Age 65-69 162 3,001 8,781 2026 Population Age 65-69 207 3,322 9,630

2021 Population Age 70-74 155 2,067 6,054 2026 Population Age 70-74 170 2,407 7,077

2021 Population Age 75-79 66 1,117 3,297 2026 Population Age 75-79 77 1,496 4,572

2021 Population Age 80-84 41 619 1,780 2026 Population Age 80-84 50 746 2,282

2021 Population Age 85+ 21 383 1,219 2026 Population Age 85+ 28 462 1,447

2021 Population Age 18+ 6,140 77,173 193,760 2026 Population Age 18+ 6,414 80,237 203,800

2021 Median Age 27 28 29 2026 Median Age 28 29 30

2021 INCOME BY AGE 1 MILE 3 MILE 5 MILE 2026 INCOME BY AGE 1 MILE 3 MILE 5 MILE
Median Household Income 25-34 $26,167 $35,289 $38,622 Median Household Income 25-34 $27,540 $39,253 $43,025

Average Household Income 25-34 $34,365 $45,801 $49,698 Average Household Income 25-34 $37,664 $51,585 $55,846

Median Household Income 35-44 $26,607 $39,791 $43,723 Median Household Income 35-44 $28,214 $43,670 $49,115

Average Household Income 35-44 $32,246 $51,757 $56,990 Average Household Income 35-44 $35,786 $58,096 $64,282

Median Household Income 45-54 $29,732 $50,219 $53,184 Median Household Income 45-54 $31,677 $52,749 $56,557

Average Household Income 45-54 $39,085 $59,487 $63,476 Average Household Income 45-54 $42,934 $65,244 $70,060

Median Household Income 55-64 $29,178 $42,218 $47,263 Median Household Income 55-64 $31,441 $46,791 $51,660

Average Household Income 55-64 $34,334 $52,254 $57,188 Average Household Income 55-64 $39,036 $58,604 $64,188

Median Household Income 65-74 $26,517 $36,521 $38,928 Median Household Income 65-74 $28,412 $37,945 $41,262

Average Household Income 65-74 $30,393 $45,478 $49,529 Average Household Income 65-74 $34,843 $50,261 $55,221

Average Household Income 75+ $26,558 $34,759 $34,612 Average Household Income 75+ $27,554 $37,573 $37,911

Demographics | North Village Green Condos 29

2021 Household Income

1 Mile Radius 3 Mile Radius 5 Mile Radius

2021 Population by Race

1 Mile Radius 3 Mile Radius 5 Mile Radius

Demographic Charts | North Village Green Condos 30

2021 Household Occupancy - 1 Mile Radius

2021 Household Income Average and Median

Average Income Median Income

Demographic Charts | North Village Green Condos 31