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Price- $77K |
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7812 Meadowlark Dr, Godfrey, IL 62035 |
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Godfrey, IL 62035 |
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3 Bed 1.5 Bath 1700 Sq. Ft. Spacious Detached 3 Car Garage that can be turned into a hobby room!! |
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Exclusively Presented By: |
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Darion D Robinson-Bey & Carla Lowman |
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FLIGHT REPUBLIC LLC & LIFE TREE INVESTMENTS |
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ST.LOUIS |
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6364816846 |
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flightrepublicllc@gmail.com |
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www.flightrepublicproperties.com & www.lifetree178.com |
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MARKETING SHEET (HOLD) |
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Property Address: |
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7812 Meadowlark Dr, Godfrey, IL |
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Presented by: |
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Property City, State, |
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Godfrey, IL 62035 |
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Darion D Robinson-Bey & Carla Lowman |
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Bedrooms: 3 Baths: 1,5 Sq. Feet: 1700 Built: 1963 |
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FLIGHT REPUBLIC LLC & LIFE TREE INVESTMENTS |
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Notes: |
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microwave in kitchen needs to be installed, two windows in basement need to be finished. |
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6364816846 |
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flightrepublicllc@gmail.com |
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www.flightrepublicproperties.com & www. |
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3 bed 1.5 bath 1700 sq. Ft. 3 car detached Garage, new flooring, paint, Kitchen updated with new stove, microwave above stove, and dish washer. |
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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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100,000.00 |
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Purchase Price (Offer Price) |
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100,000.00 |
100% |
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Rehab Costs |
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500.00 |
1% |
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Total Closing (not inc. Refi) and Holding Costs |
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3% |
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Total Financing Costs |
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0% |
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Total Project Cost Basis |
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103,500.00 |
103% |
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Total Amount Financed |
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- |
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Total Cash Committed |
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103,500.00 |
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PROJECTED RESULTS |
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Projected Monthly Rent (net of vacancy) |
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Projected New Loan Amount (for Refi) |
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Projected Monthly Expenses |
260.00 |
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Cash-Out at Refi (net of closing costs) |
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Projected Monthly Net Operating Income |
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Cash Left in the Deal after Refi |
21,050.00 |
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Cap Rate Based on Cost Basis |
10.9% |
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Equity Left in the Deal after Refi |
15,000.00 |
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Cap Rate Based on ARV |
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11.3% |
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Monthly Cash Flow (before-tax) |
281.00 |
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Assumed Time to Complete Rehab |
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Cash-on-Cash Return (before-tax) |
16.0% |
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Assumed Time to Complete Refi |
2 Months |
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DCR of New Loan |
1.43 |
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Total Time between Acquisition and Refi |
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Assuming 7% Rate and 20 Year Amortization |
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CASH FLOW SUMMARY (HOLD) |
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Godfrey Home |
Darion D Robinson-Bey & Carla Lowman |
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7812 Meadowlark Dr, Godfrey, IL 62035 |
FLIGHT REPUBLIC LLC & LIFE TREE |
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Godfrey, IL 62035 |
6364816846 |
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Month |
0 |
1 |
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Purchase |
(100,000) |
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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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(375) |
(375) |
(375) |
(375) |
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Rehab Draws/Expenses |
(500) |
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Interest (Paid or Accrued) |
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0 |
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0 |
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Total Cash Spent in Period |
(102,000) |
(375) |
(375) |
(375) |
(375) |
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Cumulative Financed |
0 |
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Cumulative Cost Basis |
(102,000) |
(102,375) |
(102,750) |
(103,125) |
(103,500) |
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Refinance: New Loan Amount |
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85,000 |
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Closing Costs on New Loan |
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(2,550) |
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PayOff Existing Loan |
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0 |
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Cash Out at Refi |
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82,450 |
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Profit to Investor at Refi |
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0 |
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Return on Cash Investment |
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0.00% |
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Cash Tied up in Deal |
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21,050 |
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Equity Left in Deal |
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15,000 |
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COMPARABLE SALES REPORT |
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Property Address: |
7812 Meadowlark Dr, Godfrey, IL |
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Presented by: |
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Property City, State, ZIP: |
Godfrey, IL 62035 |
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Darion D Robinson-Bey & Carla Lowman |
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Bedrooms: 3 Baths: 1,5 Sq. Feet: 1700 Built: 1963 |
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FLIGHT REPUBLIC LLC & LIFE TREE INVESTMENTS |
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Notes: |
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6364816846 |
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flightrepublicllc@gmail.com |
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www.flightrepublicproperties.com & www. |
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412 Saturn Dr. |
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1. |
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1,671 |
10/20/17 |
106,000 |
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7808 Meadowlark Dr. |
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1,876 |
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79,500 |
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200 Saturn Dr. |
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875 |
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7741 Humbert Rd. |
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4. |
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936 |
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78,000 |
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204 Meadowlark Dr. |
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2,098 |
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115,000 |
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