Case Study

Multifamily

Houston Multifamily Increases NOI by $33K

Houston, TX

Image of Multifamily property for Houston Multifamily Increases NOI by $33K

$33K NOI Increase

Solutions Found:

LOMA

In total, NFE solutions resulted in $550,000 in added property value (assuming a 6% CAP Rate) and a $33,000 boost in NOI for a multifamily property on Bissonnet St in Houston, TX.

Using data provided by the client, our engineers qualified six (6) of 27 buildings for removal from the flood zone, adding $13,000 in NOI by removing associated lender-mandated food insurance expenses. Upon further analysis of in-house historical area data, the engineering team recommended we visit the property to gather additional data points on the remaining buildings.

After completing our Flood Expert Survey, eight (8) more buildings qualified for removal from the flood zone, resulting in an additional $20,000 in added NOI for the owner.

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$184K in Added Property Value

Storage Facility in Hixson, TN Reduces Flood Insurance Premiums by $11.3K - Hixson, TN

Read how National Flood Experts helped an industrial storage facility in Hixson, TN, achieve cost-cutting solutions and overcome financial strain caused by high flood insurance premiums. Through a comprehensive review process, NFE saved the client over $11,000 annually and increased their property value by $184,000. Discover how NFE's expertise and strategic recommendations transformed the client's financial position and set them up for long-term success.

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$365K+ Added in Property Value

19 of 29 Buildings Removed from SFHA - Coral Springs, FL

On a rushed timeline due to an upcoming sale, NFE's flood experts helped the nation's largest multi-family property owner save ≈$22K in annual flood insurance premiums while also adding $365K in property value for a 29-building property in Coral Springs, FL. NFE’s field work and engineering review maximized cost savings and helped the current and future owners avoid costly premium hikes on the horizon.

Image of Residential property for Lender Mandate Lifted for Homeowner in Maine

LOMA Achieved for Homeowner

Lender Mandate Lifted for Homeowner in Maine - Kittery, ME

Discover how NFE helped a single-family homeowner in Kittery, ME, confirm their location outside of the special flood hazard area (SFHA) and remove the lender mandate for flood insurance on their home via a Letter of Map Amendment (LOMA).