Turnkey Cash Flow th St W Bradenton, FL For more information contact: Nataliia Musick

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2 TURNKEY CASH FLOW, Presented by New Shores Real Estate, LLC Price: $749,900 TURNKEY CASH FLOW! Charming 9-unit apartment complex in the heart of Bradenton, FL, minutes to famous beaches of Anna Maria Island. 100% occupancy, great tenants, annual leases. Unit mix: 3 bedroom 1 bath (3 units); 2 bedroom 1 bath (6 units). Each unit has central A/C, separate electric and water meters. Ceramic tile flooring in most of the units. Tenants pay all of the utilities. Coin operated laundry on site. Plenty of parking. New metal roof. Recent updates worth $50,000. Solid block construction. High growth area, plenty of employment opportunities nearby. CAP rate 9%. The property has been pre-qualified for a commercial loan by a major US lender. Low closing costs. No loan origination fees, no loan application fees and free appraisal! Please contact Broker for more details.

3 Turnkey Cash Flow Property Photos page 3 of 17

4 Executive Summary ACQUISITION COSTS Purchase Price, Points and Closing Costs $749,900 Investment - Cash $187,475 First Loan $562,425 INVESTMENT INFORMATION Purchase Price $749,900 Price per Unit $83,322 Price per Sq. Ft. $80.93 Income per Unit $9,400 Expenses per Unit ($1,928) INCOME, EXPENSES & CASH FLOW Gross Scheduled Income $84,600 Total Vacancy and Credits $0 Operating Expenses ($17,355) Net Operating Income $67,245 Debt Service ($39,455) Cash Flow Before Taxes $27,790 FINANCIAL INDICATORS Cash on Cash Return Before Taxes 14.82% Optimal Internal Rate of Return (yr 5) 21.69% Debt Coverage Ratio 1.70 Capitalization Rate 8.97% Gross Rent Multiplier 8.86 Gross Income / Square Feet $9.13 Gross Expenses / Square Feet ($1.87) Operating Expense Ratio 20.51% page 4 of 17

5 Pro Forma Summary UNIT MIX & ANNUAL SCHEDULED INCOME Type Units Actual Total 3 BR 1 BA 3 $10,200 $30,600 2 BR 1 BA 6 $9,000 $54,000 TOTALS 9 $84,600 INVESTMENT SUMMARY Price: $749,900 Year Built: 1987 Units: 9 Price/Unit: $83,322 RSF: 9,266 Price/RSF: $80.93 ANNUALIZED INCOME Actual Gross Potential Rent $84,600 Less: Vacancy $0 Effective Gross Income $84,600 Less: Expenses ($17,355) Net Operating Income $67,245 Debt Service ($39,455) Net Cash Flow after Debt Service $27,790 Principal Reduction $11,597 Total Return $39,387 Lot Size: 0.70 acres Floors: 1 Parking Spaces: 1.65 Cap Rate: 8.97% GRM: 8.86 FINANCING SUMMARY Loan Amount: $562,425 Down Payment: $187,475 Loan Type: Fixed Interest Rate: 5% Term: 25 years Monthly Payment: $3,288 ANNUALIZED EXPENSES Actual Building Insurance $7,700 Maintenance $1,770 Management Fees $0 Reserves $0 Taxes - Real Estate $6,625 Utility - Electricity $540 Utility - Other $720 Total Expenses $17,355 Expenses Per RSF $1.87 Expenses Per Unit $1,928 DCR: 1.7 page 5 of 17

6 Annual Property Operating Data Description Year 1 Year 2 Year 3 Year 4 Year 5 Rental Income $84,600 $87,138 $89,752 $92,445 $95,218 GROSS SCHEDULED INCOME $84,600 $87,138 $89,752 $92,445 $95,218 GROSS OPERATING INCOME $84,600 $87,138 $89,752 $92,445 $95,218 Expenses Building Insurance ($7,700) ($7,931) ($8,169) ($8,414) ($8,666) Maintenance ($1,770) ($1,823) ($1,878) ($1,934) ($1,992) Taxes - Real Estate ($6,625) ($6,956) ($7,304) ($7,669) ($8,053) Utility - Electricity ($540) ($556) ($573) ($590) ($608) Utility - Other ($720) ($742) ($764) ($787) ($810) TOTAL OPERATING EXPENSES ($17,355) ($18,008) ($18,688) ($19,394) ($20,129) NET OPERATING INCOME $67,245 $69,130 $71,065 $73,050 $75,089 page 6 of 17

7 Financial Indicators Description Year 1 Year 2 Year 3 Year 4 Year 5 Gross Rent Multiplier Capitalization Rate 8.97% 9.22% 9.48% 9.74% 10.01% Cash On Cash Return b/t 14.82% 15.83% 16.86% 17.92% 19.01% Cash On Cash Return a/t 14.82% 15.83% 16.86% 17.92% 19.01% Debt Coverage Ratio Gross Income per Sq. Ft. $9.13 $9.40 $9.69 $9.98 $10.28 Expenses per Sq. Ft. ($1.87) ($1.94) ($2.02) ($2.09) ($2.17) Net Income Multiplier Operating Expense Ratio 20.51% 20.67% 20.82% 20.98% 21.14% Loan To Value Ratio 73.72% 70.13% 66.59% 63.12% 59.71% Footnotes: b/t = before taxes; a/t = after taxes page 7 of 17

8 Cash Flow Analysis Description Year 1 Year 2 Year 3 Year 4 Year 5 GROSS SCHEDULED INCOME $84,600 $87,138 $89,752 $92,445 $95,218 Total Operating Expenses ($17,355) ($18,008) ($18,688) ($19,394) ($20,129) NET OPERATING INCOME $67,245 $69,130 $71,065 $73,050 $75,089 Loan Payment ($39,455) ($39,455) ($39,455) ($39,455) ($39,455) NET CASH FLOW (b/t) $27,790 $29,675 $31,610 $33,596 $35,634 Cash On Cash Return b/t 14.82% 15.83% 16.86% 17.92% 19.01% Footnotes: b/t = before taxes;a/t = after taxes page 8 of 17

9 Investment Return Analysis Description Year 1 Year 2 Year 3 Year 4 Year 5 Cash Flow - To Date $27,790 $57,466 $89,076 $122,672 $158,306 Net Resale Proceeds $158,980 $183,455 $205,178 $233,144 $262,621 Invested Capital ($187,475) ($187,475) ($187,475) ($187,475) ($187,475) Net Return on Investment ($705) $53,446 $106,778 $168,341 $233,452 Internal Rate of Return N/A 14.29% 18.36% 20.62% 21.69% Modified IRR -0.38% 13.36% 16.21% 17.37% 17.56% NPV (cash flow + reversion) ($705) $61,056 $125,903 $193,930 $265,236 PV (NOI + reversion) $777,053 $866,079 $957,566 $1,051,578 $1,148,181 Footnotes: a/t = after taxes; Modified IRR = Modified Internal Rate of Return; PV = Present Value; NPV = Net Present Value; NOI = Net Operating Income Reversion = Amount received from the resale; Net Return on Investment = Cash Flow (a/t To Date) + Net Proceeds from Resale - Invested Capital. page 9 of 17

10 Property Resale Analysis Description Year 1 Year 2 Year 3 Year 4 Year 5 Projected Property Value $747,167 $768,109 $789,607 $811,672 $834,318 Resale Expenses ($37,358) ($38,405) ($39,480) ($40,584) ($41,716) Proceeds b/f Debt Payoff $709,808 $729,704 $750,127 $771,088 $792,602 Basis at Acquisition $749,900 $749,900 $749,900 $749,900 $749,900 Depreciation ($24,778) ($50,637) ($76,497) ($102,356) ($127,134) Adjusted Tax Basis $725,122 $699,263 $673,403 $647,544 $622,766 Resale Tax Gain (Loss) ($15,313) $30,441 $76,723 $123,544 $169,836 Resale Tax Benefit (Cost) $0 ($7,610) ($19,124) ($25,589) ($31,784) Loan Principal Balance ($550,828) ($538,638) ($525,825) ($512,355) ($498,197) Net Resale Proceeds $158,980 $183,455 $205,178 $233,144 $262,621 Footnotes: b/f = before page 10 of 17

11 Resale Report NET PROCEEDS FROM SALE Adjusted Basis Basis At Acquisition $749,900 -Depreciation $127,134 Adjusted Basis at Sale $622,766 Capital Gain Sale Price $834,318 -Sale Expenses ($41,716) -Adjusted Basis at Sale $622,766 Gain or (Loss) $169,836 -Depreciation (limited to gain) $127,134 Capital Gain from Appreciation $42,702 Sales Proceeds After Tax Sale Price $834,318 -Sale Expenses $41,716 -Mortgage Balance $498,197 Sale Proceeds Before Tax $294,405 -Tax On Depreciation $31,784 -Tax On Capital Gain Sale Proceeds After Tax $262,621 page 11 of 17

12 Loan Analysis Description Year 1 Year 2 Year 3 Year 4 Year 5 LOAN 1 Debt Service Analysis Principal Payments $11,597 $12,190 $12,814 $13,469 $14,158 Interest Payments $27,858 $27,265 $26,641 $25,985 $25,296 Total Debt Service $39,455 $39,455 $39,455 $39,455 $39,455 Principal Balance Analysis Beginning Principal Balance $562,425 $550,828 $538,638 $525,825 $512,355 Principal Reductions $11,597 $12,190 $12,814 $13,469 $14,158 Ending Principal Balance $550,828 $538,638 $525,825 $512,355 $498,197 page 12 of 17

13 Location Map page 13 of 17

14 Regional Map page 14 of 17

15 Aerial Map page 15 of 17

16 Demographics POPULATION 1 MILE 3 MILE 5 MILE Male 8,470 (47.88 %) 44,615 (47.27 %) 89,305 (47.63 %) Female 9,220 (52.12 %) 49,763 (52.73 %) 98,186 (52.37 %) Total Population 17,690 94, ,491 AGE BREAKDOWN 1 MILE 3 MILE 5 MILE Ages 0-4 1,300 (7.35 %) 5,788 (6.13 %) 11,021 (5.88 %) Ages 5-9 1,527 (8.63 %) 6,944 (7.36 %) 13,225 (7.05 %) Ages ,350 (7.63 %) 6,178 (6.55 %) 11,899 (7.05 %) Ages ,204 (6.81 %) 5,676 (6.01 %) 11,113 (5.93 %) Ages ,128 (6.38 %) 5,428 (5.75 %) 10,747 (5.73 %) Ages ,080 (6.11 %) 5,195 (5.50 %) 10,374 (5.53 %) Ages ,055 (5.96 %) 5,147 (5.45 %) 9,986 (5.33 %) Ages ,069 (6.04 %) 5,193 (5.50 %) 9,939 (5.30 %) Ages ,089 (6.16 %) 5,317 (5.63 %) 10,253 (5.47 %) Ages ,081 (6.11 %) 5,449 (5.77 %) 10,770 (5.74 %) Ages (5.61 %) 5,301 (5.62 %) 10,790 (5.75 %) Ages (5.01 %) 5,035 (5.33 %) 10,539 (5.62 %) Ages (4.35 %) 4,637 (4.91 %) 9,809 (5.23 %) Ages (3.53 %) 4,229 (4.48 %) 9,000 (4.80 %) Ages (3.10 %) 4,006 (4.24 %) 8,384 (4.47 %) Ages (2.71 %) 3,770 (3.99 %) 7,847 (4.19 %) Ages (2.43 %) 3,365 (3.57 %) 6,891 (3.68 %) Ages 85+ 1,077 (6.09 %) 7,720 (8.18 %) 14,904 (7.95 %) page 16 of 17

17 Demographics HOUSEHOLD INCOME 1 MILE 3 MILE 5 MILE Median Income $31,369 $37,501 $42,313 Less than $10, ,020 5,668 $10,000 -$14, ,446 6,225 $15,000 - $19, ,008 5,171 $20,000 -$24, ,680 6,220 $25,000 - $29, ,313 5,768 $30,000 - $34, ,659 4,911 $35,000 - $39, ,852 4,886 $40,000 - $44, ,525 5,000 $45,000 - $49, ,144 4,302 $50,000 - $59, ,300 6,517 $60,000 - $74, ,470 7,444 $75,000 - $99, ,466 7,444 $100,000 - $124, ,513 3,734 $125,000 - $149, ,893 $150,000 - $199, ,579 Greater than $200, ,295 HOUSING 1 MILE 3 MILE 5 MILE Housing Units 9,511 53, ,067 Occupied Units 7,338 42,035 81,504 Owner Occupied Units 3,638 24,659 50,816 Renter Occupied Units 3,700 17,376 30,688 Vacant Units 2,173 11,683 20,563 RACE DEMOGRAPHICS 1 MILE 3 MILE 5 MILE Population Non Hispanic White 11,884 70, ,700 Population Black 2,805 12,334 20,443 Population Am In/Ak Nat page 17 of 17