300 Homes Anderson Ranch

A 300-unit single-family residential community with an integrated 25,000-square-foot neighborhood retail component, to be developed across a total built area of 925,000 square feet at 501 Anderson Ranch Road, Waxahachie, Ellis County, Texas. The development will be completed over a three-year construction period, with a combined horizontal and vertical construction cost of $150 per square foot across the entire built area. All 300 residential units will be designed as traditional American single-family homes, with individual lots accommodating standard family amenities consistent with premium Houston and Austin area master-planned communities, including landscaped gardens, dedicated driveways, private parking, children's playgrounds, community parks, walking trails, a full perimeter drainage system, controlled access gating, and recreational open space. The 25,000-square-foot retail component will be allocated among neighborhood-serving uses including grocery, dining, and small-format commercial tenants, creating a self-sufficient community ecosystem from day one. Residential units will be offered at $250 per square foot and retail space at $600 per square foot, with pre-booking available throughout the construction period.  

Financial Breakdown:  

The project generates  $1.59 of present value for every $1.00 of equity invested. The potential co-owners will buy a share at  $738,523 , courtesy to which they will share the levered cashflows with the initial owners. In total, $91.28M worth of profit to be made during these three years’ of construction and end-period selling.  

The mortgage rate  (5.75%) sits far below the unlevered IRR  (49.17%) , meaning this project is in  strongly positive leverage territory . The asset's unlevered yield significantly exceeds the cost of borrowing, meaning leverage is mathematically amplifying equity returns rather than diluting them. This is reflected directly in the fact that the Levered IRR  (51.78%) exceeds the Unlevered IRR  (49.17%) by 161 basis points, a confirmation that every dollar of debt deployed at 5.75% is generating an unlevered return of 49.17%, producing a debt yield spread of  43.42% . This is an exceptionally healthy structural position.