Gum Drive Flats

11.7% COH Return: The Flats at Gum Drive | Portsmouth VA Multifamily Investment The "Rent Gap" is your profit. Portsmouth, Virginia, is undergoing a generational economic transformation with $5B+ in active infrastructure projects. While the submarket is booming, The Flats at Gum Drive represents a rare 15.2% "Loss-to-Lease" opportunity—where current rents are significantly below proven market potential.In this video, we break down the Investment Thesis for this 16-unit value-add asset, including the physical de-risking (new roof & windows) and the clear path to an 8.69% stabilized CAP rate.📌 INVESTMENT HIGHLIGHTSProven Alpha: 15.2% Loss-to-Lease delta with a projected Year 1 Cash-on-Cash of 11.71%.Location Power: Situated in the "Path of Progress" near the $3.9B HRBT Expansion and the new $340M Rivers Casino.Economic Anchors: 10 minutes from Norfolk Naval Shipyard (NNSY), Bon Secours Maryview Medical Center, and the U.S. Coast Guard.Physical Upside: 7 of 16 units are already updated. Exterior heavy lifting is done (New Roof, Windows, & Paint).Stability: 1.68x Projected Debt Coverage Ratio (DCR), providing a massive safety buffer for the owner.🔗 RESOURCES & NEXT STEPS📩 Access the Full Offering Memorandum: https://www.justin-ferguson.com/listings/the-flats-at-gum-driveThis video presents a detailed financial analysis of a property, showcasing an income and expense breakdown. We dive into the gross scheduled rent, net operating income, and crucial cash flow statement projections for the current year and year one. Learn more about this real estate investing opportunity with Justin Ferguson.