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A business in a box. |
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1222 Johnson St |
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South Bend, IN 46628 |
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Wonderful rental property. 3 beds 1 bath 842 sqft. Tenanted and cash flowing. Ready to go. |
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Exclusively Presented By: |
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Stephen Fryer |
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A2Z Property Solutions |
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2913 Mishewaka Ave |
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St South Bend |
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574-330-0107 |
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a2zstephen.fryer@gmail.com |
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BUYER MARKETING SHEET (HOLD) |
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A Business in a box |
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Property Address: |
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Property City, State, ZIP: |
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Bedrooms: 3 Baths: 1 Sq.Feet: 842 Built: 1925 |
A2Z Property Solutions |
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574-330-0107 |
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a2zstephen.fryer@gmail.com |
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PURCHASE/REHAB ASSUMPTIONS |
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% of ARV |
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After-Repair Value (ARV) |
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46,300.00 |
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Purchase Price (Offer Price) |
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35,000.00 |
76% |
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Rehab Costs |
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- |
0% |
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Total Closing and Holding Costs |
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0% |
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Total Financing Costs |
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0% |
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Total Project Cost Basis |
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35,000.00 |
76% |
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Total Amount Financed |
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- |
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Total Cash Committed |
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35,000.00 |
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PROJECTED RESULTS |
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Projected Monthly Rent (net of vacancy) |
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Projected Monthly Expenses |
247.50 |
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Projected Monthly Net Operating Income |
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Cap Rate Based on Cost Basis |
7.8% |
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Sweat Equity |
11,300.00 |
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Cap Rate Based on ARV |
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5.9% |
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Monthly Cash Flow (before-tax) |
227.50 |
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Assumed Time to Complete Rehab |
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Cash-on-Cash Return (before-tax) |
7.8% |
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Assumed Time to Lease Up |
0 Months |
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Total Time between Acquisition and Lease-up |
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STABILIZED INCOME AND EXPENSES (HOLD) |
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Stephen Fryer |
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1222 Johnson St |
A2Z Property Solutions |
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South Bend, IN 46628 |
574-330-0107 |
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OPERATING INCOME |
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Unit Type # |
# of units |
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Monthly |
Annual Rent |
% of GSI |
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1 |
1 |
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3br |
842 |
500 |
6,000 |
100.0% |
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2 |
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3 |
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8 |
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9 |
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10 |
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11 |
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12 |
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Total |
1 |
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842 |
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Gross Schedule Income |
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500 |
6,000 |
100% |
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VACANCY LOSS |
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5.0% |
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300 |
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Other Income |
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0 |
0 |
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Gross Operating Income (Effective Gross Inc) |
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475 |
5,700 |
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OPERATING EXPENSES |
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% of GOI |
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Advertising |
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Insurance Hazard |
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600 |
50 |
600 |
20.2% |
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10.5% |
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Janitorial |
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Landscape Maintenance |
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720 |
60 |
720 |
24.2% |
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12.6% |
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Legal |
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Miscellaneous |
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Referrals or commissions |
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Repairs and Maintenance |
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600 |
50 |
600 |
20.2% |
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10.5% |
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Reserves |
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Taxes - Property |
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480 |
40 |
480 |
16.2% |
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8.4% |
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other |
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Utilities: |
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Water/Sewer |
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Electricity |
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Gas |
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Fuel Oil |
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Other Utilities |
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Total Operating expenses |
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2,970 |
248 |
2,970 |
100% |
52% |
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Net Operating Income |
2,730 |
227 |
2,730 |
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48% |
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CASH FLOW TO LENDER (HOLD) |
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Stephen Fryer |
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1222 Johnson St |
A2Z Property Solutions |
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South Bend, IN 46628 |
574-330-0107 |
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Points Offered to Lender: |
3.00% |
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Total Interest Income: |
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Interest Rate Offered to Lender: |
10.00% |
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Points, Fees: |
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Total Amount Funded By Lender: |
0 |
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Total: |
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Total Loan Amount (inc deferred): |
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Cash-on-Cash Return (annual): |
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IRR (annualized): |
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Month |
0 |
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Purchase |
0 |
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Purchase Closing Costs Funded |
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Holding Costs Funded |
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Origination/Discount Points |
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Rehab Draws |
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Interest on Loan (Paid) |
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Interest on Loan (Deferred) |
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Interest on Draws (Paid) |
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Interest on Draws (Deferred) |
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Total Loan Balance |
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Payback of the Loan |
0 |
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Cashflows Out |
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Cashflows In |
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Net |
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