Nice 4 Bd 2 Bath Home Located on Quiet Cul de Sac Cincinnati, Oh 45237 3 bedroom, 1.5 bath single family home for sale. This property needs minor repairs and ready to make you a nice financial return. It's located in Roselawn, a family friendly area and is currently leased for 850/month. Hurry! Call today to learn more about this great money-making property Exclusively Presented By: Cincinnati
MARKETING SHEET (FLIP EXIT) Presented by: Cincinnati, Oh 45237 Property City, State, ZIP: Bedrooms: 3 Baths: 1.5 SqFt: 1474 Built: 1943 Youtube link - https://youtu. Notes: be/dwyyjuyctvu Project Description: Single family home currently used as rental but will make a nice flip or home. Work Needed: Zero repairs for rental income, if flipping this property will need minor updates. PURCHASE/REHAB ASSUMPTIONS PROJECTED RESULTS % of ARV After-Repair 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 105,000.00 52,450.00 49.95% Projected Resale Price 100,000.00 Projected Cost of Sale 7,000.00 Flip Profit 3,000.00 2.86% ROI 500.00 0.48% Annualized ROI 0.00 0.00% 55,950.00 53.29% 0.00 55,950.00 37,050.00 66.22% 397.32% Timeline Assumptions Time to Complete Rehab 0 Months Time to Complete Sale Total Time
MARKETING SHEET (HOLD) Property City, State, Cincinnati, Oh 45237 Bedrooms: 3 Baths: 1.5 SqFt: 1474 Built: 1943 Notes: Presented by: Project Description: PURCHASE/REHAB ASSUMPTIONS After-Repair 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 100,000.00 52,450.00 52% 3,000.00 3% 500.00 1% - 0% 55,950.00 56% - 55,950.00 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 1,200.00 260.00 Projected New Loan Amount (for Refi) Cash-Out at Refi (net of closing costs) 940.00 Profit at Refi Cash Left in the Deal after Refi 20.2% Equity Left in the Deal after Refi 11.3% Monthly Cash Flow (before-tax) 85,000.00 82,450.00 26,500.00-15,000.00 281.00 Assumed Time to Complete Rehab Assumed Time to Complete Refi Total Time between Acquisition and Refi 0 Months Cash-on-Cash Return (before-tax) DCR of New Loan Assuming 7% Rate and 20 Year Amortization infinite 1.43
CASH FLOW SUMMARY (FLIP EXIT) Cincinnati, Oh 45237 Purchase Purchase Closing Costs Month 0 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 (52,450) (500) (3,000) 0 0 100,000 (7,000) Flip Profit to Investor (Pre-Tax) Total Cash Committed Return on Cash Investment (annualized) 37,050 55,950 397.32%
COMPARABLE SALES REPORT Property City, State, ZIP: Cincinnati, Oh 45237 Bedrooms: 3 Baths: 1.5 SqFt: 1474 Built: 1943 Notes: Presented by: 1. 1402 Corvallis Ave Cincinnati OH Beds Baths Sq.Ft. Date Sold Sales Price $/Sq.Ft. Notes 3 1 1,471 12/17/2015 82,000 3BR Cape Cod Hardwood floors on first FL, carpet on 2nd 2. 7338 Parkdale Ave Cincinnati OH 3 1 1,542 03/29/2016 101,000 3. 7629 Castleton Pl Cincinnati OH 3 2 1,708 02/16/2016 103,000 Total rehab 4. 38 Drummond St Cincinnati OH 3 1 1,591 07/27/2016 113,000 Total rehab
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