Galloway
Galloway
Proj. time frame
6 months
Proj. ROI
10.25%
Proj. annualized ROI
20.50%
Price per share
$147,095
SOLD OUT
Location
Miami, FL
Investment
Flip
Bathrooms
3
Living space
3,312 sq ft
Bedrooms
6
Investment strategy projected returns
Single family residence
With Cohome, you can invest 1 - 4 shares from the property's total 8, as available. Preview the projected ROI for investor share purchase options below.
Your total net return
6 months
Projected time frame
10.25%
Projected ROI
$162,171
Projected net return
$147,095
Investment amount
1 share
Annualized ROI: Cohome investors often opt to do consecutive Flips to double ROI within 12 months.
20.50%
10.25%
Projected ROI
$324,343
Projected net return
$294,191
Investment amount
2 shares
6 months
Projected time frame
Annualized ROI: Cohome investors often opt to do consecutive Flips to double ROI within 12 months.
20.50%
10.25%
Projected ROI
$486,514
Projected net return
$441,286
Investment amount
3 shares
6 months
Projected time frame
Annualized ROI: Cohome investors often opt to do consecutive Flips to double ROI within 12 months.
20.50%
6 months
Projected time frame
10.97%
Projected ROI
$648,685
Projected net return
+1%
Bonus (1/2 ownership exclusive)
$584,584
Investment amount
4 shares
Annualized ROI: Cohome investors often opt to do consecutive Flips to double ROI within 12 months.
21.93%
÷
Exp. payout date: May 2024
+
Recently sold nearby
$2,400,000
$1,850,000
$1,650,000
Miami, FL
5 Beds • 4 Baths • 4,026 sq ft
Miami, FL
5 Beds • 4 Baths • 3,587 sq ft
Miami, FL
5 Beds • 4 Baths • 3,410 sq ft
The market
Miami, FL
Temperatures may be cooling, but the value of Miami's housing market is not, according to a recent ranking the Miami market among the highest in the nation and rising quickly. According to the report by Zillow, Miami’s housing market previously ranked as the ninth-most valuable in the nation in May 2021, with a total value of $1.23 trillion.
Now, the metro area, which includes Fort Lauderdale, has soared to No. 5, with its dollar value increasing by 86.6%. Florida also is listed as the second-most valuable state in the country (behind California's booming $10.175 trillion), with statewide real estate values jumping 4.3% since June 2022 to $3.8 trillion. Of the six markets in which housing has gained the most value since the start of the pandemic, four are in Florida: Tampa (+88.9%), Miami (+86.6%), Jacksonville (+82.4%) and Orlando (+72.3%).
The total value of the U.S. housing market jumped to a record $52 trillion in the past year, $2.6 trillion higher year over year. The average value of a home in the U.S. showed a 0.7% increase over a year's time. Officials with Zillow, the most visited real estate site in the country, note that new construction had a lot to do with the increase in average values.
“A steady flow of new homes hit the market this spring and summer, helping chip away at the deep inventory deficit and boosting the total value of the market,” Zillow Senior Economist Orphe Divounguy said in the report. “Despite the presence of higher mortgage rates, which deterred some home shoppers and kept many existing homeowners on the sidelines, enough buyers remained to keep the market moving. “Builders recognized the unmet demand and responded by starting more projects. New home sales rose this year while existing home sales fell and should make up a bigger piece of the home sales pie for as long as rates remain elevated.”
Investment FAQ
Market Conditions
Cohome follows market trends closely, and we have taken the current housing market and interest rates into consideration when calculating the return for this property. Additionally, our projections of both sales price and timeline are conservative, as our goal is to outperform our estimations.
Renovation Plans
The renovation starts by preparing the property for the single-family renovation. To make sure the home is in high demand with buyers, we choose amenities strategically. This includes low maintenance amenities that offer competitive advantage.
Once the renovation plans are approved, the Revive team get to work renovating the property. With the skilled professionals and workers and the efficient systems we have in place, Revive can complete high-quality renovations in short timeframes, leading to less uncertainty, lower risk, and faster payouts for investors.
Investor Progress Updates
Every step of the renovation process is managed by Cohome and Revive. We keep investors up to date through routine notifications.
Project Timeline
The initial timeline of this project starts the day we open escrow for the purchase. Then we follow the process of closing on the home, design and permitting, and renovating. When the renovation is complete, we take final property photos, list the property on the market for sale, and advertise it to qualified buyers. The timeline ends the day we close escrow on the sale of the property.
Investor Disbursements
When the property has sold and escrow closed, Cohome will disburse investor distributions within 10 days. You can expect the funds to arrive in the account listed with Cohome via wire transfer.
Cohome - Syndicator
Cohome Investment is the syndicator in each deal, which means that we manage each project from start to finish. We carefully analyze potential deals, complete due diligence work on likely deals, and choose only the deals with the greatest potential for our investors. We then create the LLC in which the property will be held, put down the deposit to open escrow, handle all title and escrow documents, oversee the construction, and make sure the project is staying on track with time and budget.
We also handle everything on the investor side. We prepare the investment offering info for investors, keep investors updated throughout the project, provide listing service support, take property photos, and market the newly renovated property. We also handle all accounting services including investor distributions and tax filings.
Revive - Developer
Revive in partnership with Cohome is in charge of the building and construction side of this project. Once the property is purchased, Revive works with the their teams to complete the renovation plans, submit the plans for approval, hire and manage the general contractor, supervise the construction team, handle property inspections, construction draws, and sign off on the completed construction project.
Revive pays all the bills directly to each vendor, and we do not mark up any expenses on labor, material, or services. Everything is done at cost.
LLC Legal Structure
This investment is held in a stable LLC ownership structure. The limited liability company structure is designed to separate the assets and liabilities associated with the Property from the personal assets of investors.
Investment Period
Investors can enter the opportunity at any time while it is an open investment.
Placing an investment
To place an investment, simply click the "Sign up to invest" button below to get started.
Connect with us
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