Byrd — Investor Returns · Two-Tier Structure

Investment Structure

Term	Detail
Total Raise	$1,000,000 target · Tier 1 $150,000+ · Tier 2 $25,000–$149,999 · minimum $25,000
Preferred Return	8% annually on total raise · $84,000/year · paid before any profit split
Pre-Payback Split	70% investors / 30% owners on NOI above preferred · same for all tiers · until full capital returned
Post-Payback · Tier 1	35% investors / 65% owners · $150,000+ · best long-term economics
Post-Payback · Tier 2	25% investors / 75% owners · $25,000–$149,999 · smaller slice, same payback timeline
Capital Payback	Projected mid-Year 4 based on conservative proforma NOI
Investor Role	Passive capital partners only · no operational duties required

Two-Tier Structure

Tier 1 · Founding Investors

$150,000+

minimum investment

Terms

8% preferred return
70/30 pre-payback split
35/65 post-payback split
57.3% five-year ROI
Capital returned Year 4

Tier 2 · Contributing Investors

$25,000–$149,999

minimum investment

Terms

8% preferred return
70/30 pre-payback split
25/75 post-payback split
50.1% five-year ROI
Capital returned Year 4

Example Returns By Investment Amount

$200k · T1

$150k · T1

$100k · T2

$75k · T2

$50k · T2

$25k · T2

Tier 1 · $200,000 · 35/65 Post-Payback · 57.3% ROI

Year	NOI	Preferred (8%)	70/30 Split	Distribution	Capital Remaining
Year 1	$289,386	$16,000	$27,385	$43,385	$172,615
Year 2	$460,304	$16,000	$50,174	$66,174	$122,441
Year 3	$541,448	$16,000	$60,993	$76,993	$61,448
Year 4	$628,351	$16,000	—	$83,014	Returned ✓
Year 5	$675,328	—	35% post-payback	$45,022	Returned ✓
5-Year Total	—	—	—	$314,588	$114,588 profit · 57.3% ROI

Tier 1 · $150,000 · 35/65 Post-Payback · 57.3% ROI

Year	NOI	Preferred (8%)	70/30 Split	Distribution	Capital Remaining
Year 1	$289,386	$12,000	$20,539	$32,539	$129,461
Year 2	$460,304	$12,000	$37,630	$49,630	$91,831
Year 3	$541,448	$12,000	$45,745	$57,745	$46,086
Year 4	$628,351	$12,000	—	$62,261	Returned ✓
Year 5	$675,328	—	35% post-payback	$33,766	Returned ✓
5-Year Total	—	—	—	$235,941	$85,941 profit · 57.3% ROI

Tier 2 · $100,000 · 25/75 Post-Payback · 50.1% ROI

Year	NOI	Preferred (8%)	70/30 Split	Distribution	Capital Remaining
Year 1	$289,386	$8,000	$13,692	$21,692	$86,308
Year 2	$460,304	$8,000	$25,087	$33,087	$61,221
Year 3	$541,448	$8,000	$30,497	$38,497	$30,724
Year 4	$628,351	$8,000	—	$40,712	Returned ✓
Year 5	$675,328	—	25% post-payback	$16,079	Returned ✓
5-Year Total	—	—	—	$150,067	$50,067 profit · 50.1% ROI

Tier 2 · $75,000 · 25/75 Post-Payback · 50.1% ROI

Year	NOI	Preferred (8%)	70/30 Split	Distribution	Capital Remaining
Year 1	$289,386	$6,000	$10,269	$16,269	$64,731
Year 2	$460,304	$6,000	$18,815	$24,815	$45,916
Year 3	$541,448	$6,000	$22,872	$28,872	$23,044
Year 4	$628,351	$6,000	—	$30,534	Returned ✓
Year 5	$675,328	—	25% post-payback	$12,059	Returned ✓
5-Year Total	—	—	—	$112,550	$37,550 profit · 50.1% ROI

Tier 2 · $50,000 · 25/75 Post-Payback · 50.1% ROI

Year	NOI	Preferred (8%)	70/30 Split	Distribution	Capital Remaining
Year 1	$289,386	$4,000	$6,846	$10,846	$43,154
Year 2	$460,304	$4,000	$12,543	$16,543	$30,611
Year 3	$541,448	$4,000	$15,248	$19,248	$15,363
Year 4	$628,351	$4,000	—	$20,356	Returned ✓
Year 5	$675,328	—	25% post-payback	$8,040	Returned ✓
5-Year Total	—	—	—	$75,034	$25,034 profit · 50.1% ROI

Tier 2 · $25,000 · 25/75 Post-Payback · 50.1% ROI

Year	NOI	Preferred (8%)	70/30 Split	Distribution	Capital Remaining
Year 1	$289,386	$2,000	$3,423	$5,423	$21,577
Year 2	$460,304	$2,000	$6,272	$8,272	$15,305
Year 3	$541,448	$2,000	$7,624	$9,624	$7,681
Year 4	$628,351	$2,000	—	$10,178	Returned ✓
Year 5	$675,328	—	25% post-payback	$4,020	Returned ✓
5-Year Total	—	—	—	$37,517	$12,517 profit · 50.1% ROI

5-Year Returns At A Glance — All Investment Levels

Tier	Invested	Total Returned	Profit	5-Year ROI	Post-Payback Split
Tier 1	$200,000	$314,588	$114,588	57.3%	35/65
Tier 1	$150,000	$235,941	$85,941	57.3%	35/65
Tier 2	$100,000	$150,067	$50,067	50.1%	25/75
Tier 2	$75,000	$112,550	$37,550	50.1%	25/75
Tier 2	$50,000	$75,034	$25,034	50.1%	25/75
Tier 2	$25,000	$37,517	$12,517	50.1%	25/75
Key Difference		Tier 1 earns 57.3% · Tier 2 earns 50.1%		Bigger check = better long-term upside

Tier 1 Minimum

$150,000

35/65 post-payback · 57.3% five-year ROI · best long-term economics

Tier 2 Minimum

$25,000

25/75 post-payback · 50.1% five-year ROI · same payback timeline as Tier 1

Capital Payback

Year 4

All tiers · full capital returned on same timeline regardless of check size

Preferred Return

8% / yr

All tiers · paid first · before any profit split

All projections based on conservative proforma assumptions. Actual distributions depend on NOI achieved. Preferred return (8%) is paid before any profit split. Post-payback 35/65 split continues indefinitely — investors retain a permanent 35% stake proportional to their original investment. Tier 1 ($150k+) earns 57.3% five-year ROI with 35/65 post-payback split. Tier 2 ($25k–$149,999) earns 50.1% five-year ROI with 25/75 post-payback split. Both tiers receive identical preferred return (8%) and pre-payback structure (70/30). Capital is returned on the same timeline for all investors. Bigger commitment = better long-term economics. ROI figures represent total return on invested capital over 5 years. Investor distributions are passive — no operational involvement required or expected.
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