Idaho Springs
958 Idaho Springs Road
Idaho Springs, CO 80452
Investment Opportunity with Development Potential. 6 Unit Multifamily Cash Flowing Property In Beautiful Idaho Springs Colorado. Right of the I-70 and close to all ski resorts This property sits on 5 Acres of Land Zoned for an RV Park with ability to fit Storage and RV's on 36 Lots. Potential Revenue of 600 K per year. This is an Investors dream.
Exclusively Presented By:
Rick West
Archbold Capital Investment Group, LLC
5300 Ravenswood Lane
Johnstown
970-578-9825
rick@archboldcapitalinvestmentgroup.com
www.archboldcapitalinvestmentgroup.com
BUYER MARKETING SHEET (HOLD)
Property Address:
Property City, State, ZIP:
Bedrooms: 8 Baths: 5 Sq.Feet: 5288 Built: 1980
Archbold Capital Investment Group, LLC
970-578-9825
rick@archboldcapitalinvestmentgroup.com
www.archboldcapitalinvestmentgroup.com
5 SFR Units on 5.14 Acres with 1 currently Vacant office which could be converted to a studio or 1 bed by adding kitchen.
PURCHASE/REHAB ASSUMPTIONS
% of ARV
After-Repair Value (ARV)
1,200,000.00
Purchase Price (Offer Price)
780,789.00
65%
Rehab Costs
26,000.00
2%
Total Closing and Holding Costs
2%
Total Financing Costs
-
0%
Total Project Cost Basis
832,612.67
69%
Total Amount Financed
-
Total Cash Committed
832,612.67
PROJECTED RESULTS
Projected Monthly Rent (net of vacancy)
Projected Monthly Expenses
1,292.38
Projected Monthly Net Operating Income
Cap Rate Based on Cost Basis
4.0%
Sweat Equity at End of Rehab
367,387.33
Cap Rate Based on ARV
2.8%
Monthly Cash Flow (before-tax)
2,781.62
Assumed Time to Complete Rehab
Cash-on-Cash Return (before-tax)
4.0%
Assumed Time to Lease Up
2 Months
Total Time between Acquisition and Lease-up
STABILIZED INCOME AND EXPENSES (HOLD)
Rick West
958 Idaho Springs Road
Archbold Capital Investment Group, LLC
Idaho Springs, CO 80452
970-578-9825
OPERATING INCOME
Unit Type #
# of units
Monthly
Annual Rent
% of GSI
1
1
1br
276
500
6,000
11.9%
2
1
2br
892
1,200
14,400
28.6%
3
1
1br
308
500
6,000
11.9%
4
1
1br
406
800
9,600
19.0%
5
1
2br
792
1,200
14,400
28.6%
6
1
Studio
7
8
9
10
11
12
Total
6
2,674
Gross Schedule Income
4,200
50,400
100%
VACANCY LOSS
3.0%
126
1,512
Other Income
0
0
Gross Operating Income (Effective Gross Inc)
4,074
48,888
OPERATING EXPENSES
% of GOI
Advertising
Insurance Hazard
300
125
1,500
9.7%
3.1%
Legal
Miscellaneous
Repairs and Maintenance
650
271
3,250
21.0%
6.6%
Reserves
Taxes - Property
438
182
2,187
14.1%
4.5%
Utilities:
Water/Sewer
192
80
960
6.2%
2.0%
Electricity
Gas
Fuel Oil
Trash Removal
240
100
1,200
7.7%
2.5%
Snow Removal
500
208
2,500
16.1%
5.1%
Total Operating expenses
3,102
1,292
15,509
100%
32%
Net Operating Income
6,676
2,782
33,379
68%
CASH FLOW SUMMARY (HOLD)
Rick West
958 Idaho Springs Road
Archbold Capital Investment Group, LLC
Idaho Springs, CO 80452
970-578-9825
Month
0
1
2
3
4
5
6
7
8
Purchase
(780,789)
Closing Costs
(23,424)
Orig/Disc Points and Loan Closing Costs
Holding Costs
(600)
(600)
(600)
(600)
Rehab Draws/Expenses
(26,000)
Interest (Paid or Accrued)
0
0
0
0
Total Cash Spent in Period
(830,213)
(600)
(600)
(600)
(600)
Cumulative Financed
0
0
0
0
0
Cumulative Cost Basis
(830,213)
(830,813)
(831,413)
(832,013)
(832,613)
Cash Tied up in Deal
832,613
Equity Left in Deal
1,200,000
CASH FLOW TO LENDER (HOLD)
Rick West
958 Idaho Springs Road
Archbold Capital Investment Group, LLC
Idaho Springs, CO 80452
970-578-9825
Points Offered to Lender:
3.00%
Total Interest Income:
-
Interest Rate Offered to Lender:
10.00%
Points, Fees:
-
Total Amount Funded By Lender:
0
Total:
-
Total Loan Amount (inc deferred):
Cash-on-Cash Return (annual):
IRR (annualized):
Month
0
1
2
3
4
5
6
7
8
Purchase
0
Purchase Closing Costs Funded
Holding Costs Funded
Origination/Discount Points
Rehab Draws
Interest on Loan (Paid)
Interest on Loan (Deferred)
Interest on Draws (Paid)
Interest on Draws (Deferred)
Total Loan Balance
Payback of the Loan
0
Cashflows Out
Cashflows In
Net
COMPARABLE SALES REPORT
Property Address:
Property City, State, ZIP:
Bedrooms: 8 Baths: 5 Sq.Feet: 5288 Built: 1980
Archbold Capital Investment Group, LLC
970-578-9825
rick@archboldcapitalinvestmentgroup.com
www.archboldcapitalinvestmentgroup.com
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