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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$1.75MM+ in Added Property Value

NJ & NY Commercial Real Estate Developer Saves $105K+ - Multiple, NJ

In this case study, a New Jersey-based Commercial Real Estate Developer partnered with National Flood Experts (NFE) to reduce annual flood premiums and increase the property value of their multifamily properties in NJ & NY. NFE successfully removed flood insurance mandates from 15 buildings, resulting in approximately $105,000 in annual cost savings and over $1.75 million in increased property value.

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≈$814K in Property Value Added

OH A-Zone Property Saves $48K In Annual Premiums - Lebanon, OH

Learn how National Flood Experts helped a top Affordable Housing Owners increase the value of their multifamily property in Lebanon, OH, by more than $814,000. Through NFE’s comprehensive engineering review, four buildings were successfully removed from the high-risk “A” flood zone, eliminating the lender mandate for flood insurance and decreasing annual expenses by $48,000+ while also increasing property value.

Image of Multifamily property for Wisconsin Multifamily Property Successfully Removed from SFHA

$175K in Added Property Value

Wisconsin Multifamily Property Successfully Removed from SFHA - Fond du Lac, WI

NFE successfully reclassified an entire Multifamily property in Fond du Lac, WI out of the high-hazard flood zone. Resulting in $11K year-over-year flood insurance savings and improving the property value by $175K!