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Triplex on 4th Ave.
141 4th Ave.
Albany, NY 12202
Classic greater Albany triplex in a college town. This property is in downtown Albany with street parking and a lot of room for college student to continue their academic endeavors.
Exclusively Presented By:
Cameron Jordan
Bulletproof Estates
7709 Tanner Robert Ct
Springfield
5713857244
bulletproofestates@gmail.com
Bulletproofestates.weebly.com


MARKETING SHEET (FLIP EXIT)
Triplex on 4th Ave.
Property Address: 141 4th Ave. Presented by:
Property City, State, ZIP: Albany, NY 12202 Cameron Jordan
Bedrooms: 6  Baths: 3  SqFt: 2760  Built: 1886 Bulletproof Estates
Notes: The property has 3 units with 2bed/1bath per unit. 5713857244
bulletproofestates@gmail.com
Bulletproofestates.weebly.com
Classic greater Albany triplex in a college town. This property is in downtown Albany with street parking and a lot of room for college student to continue their academic endeavors.
Project Description:
Work Needed: The property needs a complete interior rehab.
PURCHASE/REHAB ASSUMPTIONS PROJECTED RESULTS
% of ARV Projected Resale Price 95,000.00
After-Repair Value (ARV) 100,000.00 Projected Cost of Sale 6,650.00
Purchase Price (Offer Price)
30,000.00
30.00%
24,250.00
Flip Profit
Rehab Costs 30,000.00 30.00% ROI 37.83%
Total Holding and Closing 4,100.00 4.10% Annualized ROI 113.49%
Total Financing Costs 0.00 0.00%
Total Project Cost Basis 64,100.00 64.10% Timeline Assumptions
Total Amount Financed 0.00
2 Months
Time to Complete Rehab
Total Cash Commited 64,100.00 Time to Complete Sale 2 Months
Total Time 4 Months


CASH FLOW SUMMARY (FLIP EXIT)
Triplex on 4th Ave. Cameron Jordan
141 4th Ave. Bulletproof Estates
Albany, NY 12202 5713857244
Month 0 1 2 3 4 5 6 7 8
Purchase (30,000)
Purchase Closing Costs (3,000)
Orig/Disc Points and Loan Closing Costs
Holding Costs (275) (275) (275) (275)
Rehab Draws/Expenses (30,000)
Interest (Paid or Accrued)
Total Cash Spent in Period (63,000) (275) (275) (275) (275)
Cumulative Cost Basis (63,000) (63,275) (63,550) (63,825) (64,100)
Sale Price 95,000
Selling Costs (6,650)
Flip Profit to Investor (Pre-Tax) 24,250
Total Cash Committed 64,100
Return on Cash Investment  (annualized)
113.49%


COMPARABLE SALES REPORT
Triplex on 4th Ave.
Property Address: 141 4th Ave. Presented by:
Property City, State, ZIP: Albany, NY 12202 Cameron Jordan
Bedrooms: 6  Baths: 3  SqFt: 2760  Built: 1886 Bulletproof Estates
Notes: 3 units in the property with 2bed/1bath per unit. 5713857244
bulletproofestates@gmail.com
Bulletproofestates.weebly.com
Property Address:
Beds
Baths
Sq.Ft.
Date Sold
Sales Price
Notes
$/Sq.Ft.
52 Morris St.
1. 6 2 2,648 3/4/16 125,000
166 2nd Ave.
2. 6 2 2,612 1/13/17 138,000
4 magnolia Ter.
3. 6 2 2,627 11/19/15 82,000
164 Dove St.
4. 5 3 2,736 5/26/16 62,000