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Project
Overview
project overview
PROJECT SUMMARY
22.3%
LP IRR
2.5%
SPREAD
5.5%
EXIT CAP
8.0%
RETURN ON COST
*Hover / Tap for More Detail
PHASES
Phase 1
Units
Construction Start
Project Cost
100
3/31/2025
$16,277,244
Phases 2
Units
Construction Start
Project Cost
125
9/30/2025
$20,347,525
Phase 3
Units
Construction Start
Project Cost
125
3/31/2026
$20,345,236
Phase 4
Units
Construction Start
Project Cost
150
9/30/2026
$24,390,474
FOSS FIELDS ASCENT
"Where Stories Rise"
FOSS FIELDS ASCENT
Foss Farmland
OUR PRINCIPLES
Mailbox Money operates on the belief that housing is a fundamental human right and that solving the affordable housing crisis represents both a moral imperative and a business opportunity.
Impact-Driven Development
Holistic Value: Affordable housing goes beyond cost efficiency—itʼs about dignity, health, and opportunity. Resident Stability: Each project provides stability, safety, and pride for its residents.
Breaking Barriers
Innovation Meets Inclusion: Challenge traditional real estate models by blending innovation with an unwavering commitment to inclusion.
Sustainable Affordability
Long-Term Stability: Projects are designed with energy-efficient systems, durable materials, and low-maintenance features to reduce living costs for residents.
Improved Security
Economic Opportunity: Safe, affordable housing fosters upward mobility and mitigates the risks of unsafe living conditions caused by affordability challenges.
EXECUTIVE SUMMARY
why sioux falls
MARKET SNAPSHOT
Sioux Falls Multifamily Market
94.3%
Occupancy
3.6%
YoY Rent Growth
E. Sioux Falls Submarket ZIP 57110
$85k
Median Household Income
304,555
MSA
Population
14.5%
Population Growth Since 2020
6.3%
Wage
Growth
1.5%
Unemployment Rate
$359K
Median Single Family House Price
about the asset
About the Asset
MARKET DATA
THE SITE
FLOORPLANS
UNIT MIX
RENT COMPARABLES
financials
FINANCIAL MODEL
Deal Financials
About
Mailbox Money
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about Mailbox Money
OUR FOCUS
Target Demographic
Young professionals who value social media-worthy design features and wellness-oriented living environments.
Affordability
This is not Section 8 or government-subsidized housing, yet our projects qualify for tax credits, TIFs, and incentives that further enhance investment feasibility.
Financials
Construction Costs:
$130k-$140k per unit
Rental Rates: $1.50$2 per sq ft or $900$1,500 per month (aligns with profitability goals and market demand)
Efficient Development
A phased approach delivers the first units within nine months, ensuring quicker returns and adaptability to market feedback.
Copy-and-paste architecture minimizes cost overruns.
CASE STUDY
Briarwood Reserve
Class A, Garden-Style Development
Next Steps
TESTIMONIALS
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