PROJECT SUMMARY 932 53RD STREET PROJECT SUMMARY FLIP PURCHASE/REHAB ASSUMPTIONS Purchase Price Rehab Cost Total Closing (not inc. Sale) and Holding Costs Total Financing Costs Total Project Cost Basis Total Amount Financed Total Cash Committed 32,9. 5,. 1,4. 39,3. 39,3. RESULTS Projected Resale Price 69,9. Projected Cost of Sale 4,194. Flip Profit 26,46. ROI 67.19% Annualized ROI 43.15% Breakdown of Financing Costs: Origination/Discount Points Other Closing Costs for Loan Interest on Original Loan Interest on Rehab Money Total Cost of Financing
BUYER MUST PERFORM THEIR OWN DUE DILIGENCE BIRMINGHAM, ALABAMA 35212 Exclusively Presented By: 552 TIMBER LEAF WAY BESSEMER 258819551 cf33@bham.rr.com 5cpropertiesllc.com
MARKETING SHEET (FLIP EXIT) Property Address: Property City, State, ZIP: BIRMINGHAM, ALABAMA 35212 Bedrooms: 3 Baths: 3 SqFt: 139 Built: 22 Notes: NICE BRICK HOME Presented by: 258819551 cf33@bham.rr.com 5cpropertiesllc.com Project Description: Work Needed: PURCHASE/REHAB ASSUMPTIONS AfterRepair Value (ARV) Purchase Price (Offer Price) Rehab Costs Total Closing and Holding Costs Total Financing Costs Total Project Cost Basis Total Amount Financed Total Cash Commited % of ARV 69,9. 32,9. 47.7% 5,. 7.15% 1,4. 2.%..% 39,3. 56.22%. 39,3. PROJECTED RESULTS Projected Resale Price Projected Cost of Sale Flip Profit ROI Timeline Assumptions Time to Complete Sale Total Time 69,9. 4,194. 26,46. 67.19% Annualized ROI 43.15% Time to Complete Rehab 1 Month 1 Month 2 Months
MARKETING SHEET (HOLD) Property Address: Property City, State, BIRMINGHAM, ALABAMA 35212 Bedrooms: 3 Baths: 3 SqFt: 139 Built: 22 Notes: NICE BRICK HOME Presented by: 258819551 cf33@bham.rr.com 5cpropertiesllc.com Project Description: PURCHASE/REHAB ASSUMPTIONS AfterRepair Value (ARV) Purchase Price (Offer Price) Rehab Costs Total Closing (not inc. Refi) and Holding Costs Total Financing Costs Total Project Cost Basis Total Amount Financed Total Cash Commited % of ARV 69,9. 32,9. 47% 5,. 7% 1,4. 2% % 39,3. 56% 39,3. PROJECTED RESULTS Projected Monthly Rent (net of vacancy) Projected Monthly Expenses Projected Monthly Net Operating Income Cap Rate Based on Cost Basis Cap Rate Based on ARV 85. 23. Projected New Loan Amount (for Refi) CashOut at Refi (net of closing costs) 62. Profit at Refi Cash Left in the Deal after Refi 18.9% Equity Left in the Deal after Refi 1.6% Monthly Cash Flow (beforetax) 59,415. 57,632.55 18,332.55 1,485. 31.5 Assumed Time to Complete Rehab Assumed Time to Complete Refi Total Time between Acquisition and Refi 1 Month 1 Month 2 Months CashonCash Return (beforetax) DCR of New Loan Assuming 5% Rate and 3 Year Amortization infinite 1.94
OPERATING INCOME AND EXPENSES REPORT BIRMINGHAM, ALABAMA 35212 258819551 OPERATING INCOME Unit Type # 1 # of 1 Unit type 3br Square Ft. 1,4 Monthly 85. Annual Rent 1,2. % of GSI 1.% 2 3 4 5 6 7 8 9 1 11 12 Total 1 1,4 Gross Schedule Income VACANCY LOSS Other Income Gross Operating Income (Effective Gross Inc).% 85... 85. 1,2... 1,2. 1% OPERATING EXPENSES $/Unit /Year Total Monthly Total Annual % of Total Expenses % of GOI Management Fee (% of Gross income) 1.% 1,2. 85. 1,2. 37.% 1.% Legal Insurance Hazard 48. 4. 48. 17.4% 4.7% Landscape Maintenance Referrals or commissions Janitorial Advertising Miscellaneous other Reserves Taxes Property 1,26. 15. 1,26. 45.7% 12.4% Repairs and Maintenance Utilities: Water/Sewer Other Utilities Fuel Oil Electricity Gas Total Operating expenses 2,76. 23. 2,76. 1% 27% Net Operating Income 7,44. 62. 7,44. 73%
CASH FLOW SUMMARY (FLIP EXIT) BIRMINGHAM, ALABAMA 35212 258819551 Purchase Purchase Closing Costs Month 1 2 3 4 5 6 7 8 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 (32,9) (7) (5,) (38,6) (38,6) (35) (35) (38,95) (35) (35) (39,3) 69,9 (4,194) Flip Profit to Investor (PreTax) Total Cash Committed Return on Cash Investment (annualized) 26,46 39,3 43.15%
CASH FLOW SUMMARY (HOLD) BIRMINGHAM, ALABAMA 35212 258819551 Month 1 2 3 4 5 6 7 8 Purchase Closing Costs (32,9) (7) Orig/Disc Points and Loan Closing Costs Holding Costs (35) (35) Rehab Draws/Expenses (5,) Interest (Paid or Accrued) Total Cash Spent in Period Cumulative Financed (38,6) (35) (35) Cumulative Cost Basis (38,6) (38,95) (39,3) Refinance: New Loan Amount Closing Costs on New Loan PayOff Existing Loan Cash Out at Refi 59,415 (1,782) 57,633 Profit to Investor at Refi Return on Cash Investment (annualized) Cash Tied up in Deal Equity Left in Deal 18,333 279.89% 1,485
COMPARABLE SALES REPORT Property Address: Property City, State, ZIP: BIRMINGHAM, ALABAMA 35212 Bedrooms: 3 Baths: 3 SqFt: 139 Built: 22 Notes: NICE BRICK HOME Presented by: 258819551 cf33@bham.rr.com 5cpropertiesllc.com 1. Property Address: 925 47th Pl N Birmingham AL Beds Baths Sq.Ft. Date Sold Sales Price $/Sq.Ft. Notes 3 1 1,655 9/18/216 118,4 2. 542 5th Ct S Birmingham AL 3 1 1,38 7/13/216 13, 3. 5333 5th Ct S Birmingham AL 2 1 1,364 1/18/216 15, 4. 5. 561 5th Ave S Birmingham AL 3 1 1,556 1/17/216 15, 581 5th Ave S Birmingham AL 2 1 1,248 6/12/217 155, 6. 5633 5th Ave S Birmingham AL 3 1 1,712 9/15/216 174, 7. 578 5th Ct S Birmingham AL 2 2 1,75 5/3/217 185, 8. 5621 5th Ct S Birmingham AL 2 1 1,14 11/13/216 185, 9. 564 5th Ct S Birmingham AL 3 1 1,572 6/27/217 21, COMP 2 COMP 4 COMP 5
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