435 HILLARY CIRCLE, JOHNSON CREEK, WI // EXECUTIVE SUMMARY OFFERING SUMMARY Sale Price: $1,260,000 Number Of Units: 8 Cap Rate: 5.37% PROPERTY OVERVIEW Two well maintained, 100% leased 4-unit entitled condo buildings near parks and conservation area in Jefferson County's fastest growing community with equal distance between Madison and Milwaukee. This fully leased property has room to move rents, low maintenance exteriors and each unit has central air and natural gas furnaces. One building has exposed full lower level. Tenants pay separately metered utilities. Additional entitled condo land available for up to 48 units in 12 buildings. PROPERTY HIGHLIGHTS Fully Leased, room to move rents NOI: $67,671 Tenants pay all separately metered utilities Each unit has central air and nat'l gas furnaces Building Size: 6,000 SF Low maintenance exteriors Located mid-point between Madison & Milwaukee Price / SF: $100.00
435 HILLARY CIRCLE, JOHNSON CREEK, WI // ADDITIONAL PHOTOS
435 HILLARY CIRCLE, JOHNSON CREEK, WI // SITE PLAN
435 HILLARY CIRCLE, JOHNSON CREEK, WI // LOCATION MAPS
435 HILLARY CIRCLE, JOHNSON CREEK, WI // FINANCIAL SUMMARY INVESTMENT OVERVIEW CURRENT ACTUAL PROFORMA 2018 Price $1,260,000 $1,260,000 Price per Unit $157,500 $157,500 GRM 11.8 10.3 CAP Rate 5.4% 6.2% Cash-on-Cash Return (yr 1) 1.27 % 4.72 % Total Return (yr 1) $24,632 $35,508 Debt Coverage Ratio 1.06 1.23 OPERATING DATA CURRENT ACTUAL PROFORMA 2018 Gross Scheduled Income $106,800 $122,400 Other Income $0 $0 Total Scheduled Income $106,800 $122,400 Vacancy Cost $5,340 $6,120 Gross Income $101,460 $116,280 Operating Expenses $33,789 $37,733 Net Operating Income $67,671 $78,547 Pre-Tax Cash Flow $3,994 $14,870 FINANCING DATA CURRENT ACTUAL PROFORMA 2018 Down Payment $315,000 $315,000 Loan Amount $945,000 $945,000 Debt Service $63,677 $63,677 Debt Service Monthly $5,306 $5,306 Principal Reduction (yr 1) $20,638 $20,638
435 HILLARY CIRCLE, JOHNSON CREEK, WI // INCOME & EXPENSES INCOME SUMMARY CURRENT ACTUAL PROFORMA 2018 Rental Income $106,800 $122,400 Gross Income $106,800 $122,400 EXPENSE SUMMARY CURRENT ACTUAL PROFORMA 2018 Real Estate Taxes $24,069 $26,719 Insurance $2,300 $2,400 Utilities $0 $0 Repairs & Maintenance $400 $400 Advertising $50 $50 Contracts $800 $800 Management Fee $4,620 $5,814 Legal & Accounting $150 $150 Administrative $400 $400 Capital Improvements $1,000 $1,000 Gross Expenses $33,789 $37,733 Net Operating Income $67,671 $78,547
435 HILLARY CIRCLE, JOHNSON CREEK, WI // RENT ROLL UNIT UNIT CURRENT CURRENT NUMBER SIZE (SF) RENT RENT (PER SF) 450 A 1,302 $1,050 $0.81 450 B 1,302 $1,050 $0.81 450 C 1,690 $1,205 $0.71 450 D 1,690 $1,200 $0.71 435 A 1,302 $1,040 $0.80 435 B 1,302 $1,000 $0.77 435 C 1,690 $1,220 $0.72 435 D 1,690 $1,135 $0.67 Totals/Averages 11,968 $8,900 $0.74
435 HILLARY CIRCLE, JOHNSON CREEK, WI // DEMOGRAPHICS MAP POPULATION 1 MILE 5 MILES 10 MILES Total population 301 8,839 66,153 Median age 35.7 39.5 37.3 Median age (male) 33.7 37.9 36.6 Median age (Female) 37.2 40.6 38.0 HOUSEHOLDS & INCOME 1 MILE 5 MILES 10 MILES Total households 107 3,497 25,440 # of persons per HH 2.8 2.5 2.6 Average HH income $71,051 $63,025 $60,357 Average house value $224,076 $192,807 $204,205 * Demographic data derived from 2010 US Census
435 HILLARY CIRCLE, JOHNSON CREEK, WI BROKER DISCLOSURE