PROJECT SUMMARY TH ST PROJECT SUMMARY - FLIP

Transcription

1 PROJECT SUMMARY TH ST PROJECT SUMMARY FLIP PURCHASE/REHAB ASSUMPTIONS Purchase Price Rehab Cost Total Holding and Closing Costs (not inc. Sale) Total Financing Costs Total Project Cost Basis Total Amount Financed Total Cash Committed 14,7. 5,. 1,2. 2,9. 2,9. RESULTS Projected Resale Price 59,6. Projected Cost of Sale 3,576. Flip Profit 35,124. ROI 168.6% Annualized ROI 18.34% Breakdown of Financing Costs: Origination/Discount Points Other Closing Costs for Loan Interest on Original Loan Interest on Rehab Money Total Cost of Financing

2 233 95TH STREET BIRMINGHAM, ALABAMA 3526 THREE BEDROOM 1 BATH HOME.RENT READY. COPY AND PASTE TO VIEW A WALK THROUGH VIDEO Exclusively Presented By: 552 TIMBER LEAF WAY BESSEMER carlsr@5cpropertiesllc.com 5cpropertiesllc.com

3 MARKETING SHEET (FLIP EXIT) Presented by: BIRMINGHAM, ALABAMA 3526 Property Address: Property City, State, ZIP: Bedrooms: 3 Baths: 2 SqFt: 12 Built: 1981 RENT READY MINOR FIX UP Notes: carlsr@5cpropertiesllc.com 5cpropertiesllc.com Project Description: NO REHAB NEEDED! ROOF AND EXTERIOR IN GOOD SHAPE. Work Needed: REPAIR BACK DOOR, BASEMENT WINDOW,CLEAN UP YARD CLEAN UP AND CUT. PURCHASE/REHAB ASSUMPTIONS PROJECTED RESULTS % of ARV AfterRepair Value (ARV) Purchase Price (Offer Price) 59,6. 14, % Projected Resale Price 59,6. Projected Cost of Sale 3,576. Flip Profit Rehab Costs 5,. 8.39% ROI Total Holding and Closing 1,2. 2.1% Annualized ROI..% 2, % Total Financing Costs Total Project Cost Basis Total Amount Financed Total Cash Commited. 2,9. 35, % 18.34% Timeline Assumptions Time to Complete Rehab 1 Month Time to Complete Sale 1 Month Total Time 2 Months

4 MARKETING SHEET (HOLD) Presented by: BIRMINGHAM, ALABAMA 3526 Property Address: Property City, State, Bedrooms: 3 Baths: 2 SqFt: 12 Built: 1981 GREAT PROPERTY NO REHAB NEEDED Notes: JUST MINOR REPAIRS.THE HOUSE IS IN EXCELLENT CONDITION carlsr@5cpropertiesllc.com 5cpropertiesllc.com Project Description: % of ARV PURCHASE/REHAB ASSUMPTIONS AfterRepair Value (ARV) 59,6. Purchase Price (Offer Price) 14,7. 25% Rehab Costs 5,. 8% Total Holding and Closing Costs (not inc. Refi) 1,2. 2% % 2,9. 35% Total Financing Costs Total Project Cost Basis Total Amount Financed Total Cash Commited 2,9. PROJECTED RESULTS Projected Monthly Rent (net of vacancy) Projected Monthly Expenses Projected Monthly Net Operating Income 7. Projected New Loan Amount (for Refi) 5, CashOut at Refi (net of closing costs) 5,66. Profit at Refi 29, Cash Left in the Deal after Refi Cap Rate Based on Cost Basis Cap Rate Based on ARV 35.% Equity Left in the Deal after Refi 8, % Monthly Cash Flow (beforetax) infinite Assumed Time to Complete Rehab 1 Month CashonCash Return (beforetax) Assumed Time to Complete Refi 2 Months DCR of New Loan Total Time between Acquisition and Refi 3 Months Assuming 6% Rate and 2 Year Amortization 1.68

5 OPERATING INCOME AND EXPENSES REPORT BIRMINGHAM, ALABAMA OPERATING INCOME Unit Type # 1 # of 1 Unit type 3br Square Ft. 1,2 Monthly 7. Annual Rent 8,4. % of GSI 1.% Total 1 1,2 Gross Schedule Income VACANCY LOSS Other Income Gross Operating Income (Effective Gross Inc).% ,4... 8,4. 1% OPERATING EXPENSES $/Unit /Year Total Monthly Total Annual % of Total Expenses % of GOI Management Fee (% of Gross income).%....%.% Miscellaneous Janitorial Reserves Legal other Advertising Referrals or commissions Landscape Maintenance Taxes Property % 7.1% Insurance Hazard % 5.7% Repairs and Maintenance Utilities: Other Utilities Fuel Oil Electricity Gas Water/Sewer Total Operating expenses 1, ,8. 1% 13% Net Operating Income 7, ,32. 87%

6 CASH FLOW SUMMARY (FLIP EXIT) TH ST BIRMINGHAM, ALABAMA Purchase Purchase Closing Costs Month Orig/Disc Points and Loan Closing Costs Holding Costs Rehab Draws/Expenses Interest (Paid or Accrued) Total Cash Spent in Period Cumulative Cost Basis Sale Price Selling Costs (14,7) (7) (5,) (2,4) (2,4) (25) (25) (2,65) (25) (25) (2,9) 59,6 (3,576) Flip Profit to Investor (PreTax) Total Cash Committed Return on Cash Investment (annualized) 35,124 2, %

7 CASH FLOW SUMMARY (HOLD) Month Purchase Closing Costs (14,7) (7) Orig/Disc Points and Loan Closing Costs Holding Costs (167) (167) (167) Rehab Draws/Expenses (5,) Interest (Paid or Accrued) Total Cash Spent in Period Cumulative Financed (2,4) (167) (167) (167) Cumulative Cost Basis (2,4) (2,567) (2,733) (2,9) Refinance: New Loan Amount Closing Costs on New Loan PayOff Existing Loan Cash Out at Refi TH ST BIRMINGHAM, ALABAMA ,66 5,66 Profit to Investor at Refi Return on Cash Investment (annualized) Cash Tied up in Deal Equity Left in Deal 29, % 8,94

8 COMPARABLE SALES REPORT Property Address: Property City, State, ZIP: BIRMINGHAM, ALABAMA 3526 Bedrooms: 3 Baths: 2 SqFt: 12 Built: 1981 Notes: RENT READY Presented by: carlsr@5cpropertiesllc.com 5cpropertiesllc.com 1. Property Address: 217 Tucker Ave Birmingham AL Beds Baths Sq.Ft. Date Sold Sales Price $/Sq.Ft. Notes /5/216 62, Tucker Ave Birmingham AL /18/216 62, Sunset Ln Birmingham AL 3 1 1, 8/11/216 79,2 COMP 1 COMP 2 COMP 3

9 ADDITIONAL PICTURES