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***This turnkey cash generating multi family won't last*** |
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3139 N 21st |
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Milwaukee, WI 53206 |
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This 1693 square foot duplex family home has 4 bedrooms and 2.0 bathrooms. |
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Exclusively Presented By: |
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Luke |
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Midwest Visual Properties LLC |
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PO BOX 80342 |
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Milwaukee |
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414-502-8399 |
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midvpllc@gmail.com |
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www.ourmvp.net |
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BUYER MARKETING SHEET (HOLD) |
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***Hurry this huge deal won't last*** |
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Property Address: |
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Property City, State, ZIP: |
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Bedrooms: 4 Baths: 2 Sq.Feet: 1693 Built: 1908 |
Midwest Visual Properties LLC |
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414-502-8399 |
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midvpllc@gmail.com |
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www.ourmvp.net |
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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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85,000.00 |
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Purchase Price (Offer Price) |
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27,000.00 |
32% |
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Rehab Costs |
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7,500.00 |
9% |
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Total Closing and Holding Costs |
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2% |
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Total Financing Costs |
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0% |
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Total Project Cost Basis |
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36,000.00 |
42% |
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Total Amount Financed |
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- |
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Total Cash Committed |
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36,000.00 |
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PROJECTED RESULTS |
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Projected Monthly Rent (net of vacancy) |
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Projected Monthly Expenses |
260.00 |
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Projected Monthly Net Operating Income |
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Cap Rate Based on Cost Basis |
44.7% |
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Sweat Equity at End of Rehab |
49,000.00 |
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Cap Rate Based on ARV |
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18.9% |
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Monthly Cash Flow (before-tax) |
1,340.00 |
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Assumed Time to Complete Rehab |
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Cash-on-Cash Return (before-tax) |
44.7% |
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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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CASH FLOW SUMMARY (HOLD) |
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*** Turnkey Duplex*** |
Luke |
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3139 N 21st |
Midwest Visual Properties LLC |
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Milwaukee, WI 53206 |
414-502-8399 |
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Month |
0 |
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Purchase |
(27,000) |
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Closing Costs |
(1,500) |
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Orig/Disc Points and Loan Closing Costs |
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Holding Costs |
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Rehab Draws/Expenses |
(7,500) |
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Interest (Paid or Accrued) |
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0 |
0 |
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Total Cash Spent in Period |
(36,000) |
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0 |
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Cumulative Financed |
0 |
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0 |
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Cumulative Cost Basis |
(36,000) |
(36,000) |
(36,000) |
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Cash Tied up in Deal |
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36,000 |
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Equity Left in Deal |
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85,000 |
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CASH FLOW TO LENDER (HOLD) |
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Luke |
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3139 N 21st |
Midwest Visual Properties LLC |
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Milwaukee, WI 53206 |
414-502-8399 |
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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 |
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0 |
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Cashflows Out |
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Cashflows In |
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Net |
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COMPARABLE SALES REPORT |
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Property Address: |
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Property City, State, ZIP: |
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Bedrooms: 4 Baths: 2 Sq.Feet: 1693 Built: 1908 |
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Midwest Visual Properties LLC |
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Minor cosmetic work will make this property very attractive to any investor or tenant. |
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414-502-8399 |
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midvpllc@gmail.com |
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www.ourmvp.net |
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Dist |
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Notes |
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43664368 N 28TH St MILWAUKEE WI |
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60,000 |
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35003502 N 39TH St MILWAUKEE WI |
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60,000 |
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4276 N 28th St # A Milwaukee WI |
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60,000 |
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42354237 N 14TH St MILWAUKEE WI |
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55,000 |
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4303 N 16th St Milwaukee WI |
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50,000 |
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35243526 N 38TH St MILWAUKEE WI |
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49,300 |
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43634365 N 18TH St MILWAUKEE WI |
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46,000 |
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16131615 W Capitol Dr MILWAUKEE WI |
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51,000 |
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41244126 N 24TH Pl MILWAUKEE WI |
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46,200 |
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