4-Unit Multi-Family Investment 12285 SW Longhorn Lane, Beaverton, Oregon 97008 MULTI-FAMILY INVESTMENT PROPERTY ANALYSIS 136 NE 28 th Avenue Portland, Oregon 97232 503-327-8237 Office 503-954-3087 Fax www.equitypacificrealestate.com
Subject Property Exterior Photos This information has been secured from sources we believe to be reliable, but Equity Pacific Real Estate LLC makes no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
Subject Property Exterior Photos This information has been secured from sources we believe to be reliable, but Equity Pacific Real Estate LLC makes no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
Subject Property Interior Photos This information has been secured from sources we believe to be reliable, but Equity Pacific Real Estate LLC makes no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
INVESTMENT SUMMARY Summary Price: $750,000 Down Payment: 25% $187,500 Number of Units: 4 Location 12285 SW Longhorn Ln Financing Summary New Non-Owner Occupied Residential Loan in the amount of Price/Unit: $187,500 $562,500 Building/SF: 3,072 at 5.50% Principal and Interest Amortized over 30 Years Price/SF $244 Current Cap: 5.27% Market Cap: 6.96% Parcel ID Current GIM 15.0 Lot Size Market GIM 12.0 Utilities paid by Tenant Additional Information R0245979 0.23 Acre (10,019 SF) Electricity Year Built: 1978 INCOME Annualized Operating Data Annualized Expenses Current Market 2018 Estimate % EGI Per Unit EXPENSES Scheduled Rent Income: $51,540 $62,160 Taxes $6,719 - $1,680 RUBS/Pet Rent $0 $2,400 Insurance $920 - $230 Scheduled Gross Income: $51,540 $64,560 Water & Sewer $2,040 - $510 Less: Vacancy (3%) ($1,546) ($1,937) Trash/Recycling $480 - $120 Effective Gross Income: $49,994 $62,623 Gas & Electricity $280 - $70 Less: Expenses: ($10,439) ($10,439) Net Operating Income $39,554 $52,184 Year 1 Debt Service ($38,326) ($38,326) Total Expenses $10,439 20.9% $2,610 Pre-Tax Cash Flow $1,229 $13,858 Principal Reduction $7,577 $7,577 Total Return 4.7% $8,806 11.4% $21,435 Cash Yield 0.7% $1,229 7.4% $13,858 Scheduled Income Current Market Total Units Unit Type Approximate SF/Unit Rent Rent/PSF Rent Rent PSF 1 2BR-1BA 760 SF $1,295 $1.70 $1,295 $1.70 3 2BR-1BA 760 SF $1,000 $1.32 $1,295 $1.70 4 $4,295 $5,180 This information has been secured from sources we believe to be reliable, but Equity Pacific Real Estate LLC makes no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
AERIAL PHOTOS
RENT SURVEY PROPERTY LOCATION 12285 SW Longhorn YEAR BUILT TOTAL # OF UNITS UNIT TYPE 1978 4 1 2BR/1BA 3 2BR/1BA UNIT SF 760 760 CURRENT RENT RENT/PSF SOURCE PHOTO $1295 $1.70 Owner $1000 $1.32 *Subject Property 3435 SW 126th Ave Beaverton, OR 97005 1970 4 2BR/1BA 920 $1225 $1.33 Owner SOLD by Icon Beaverton 14620 SW Farmington Beaverton, OR 97007 1968 56 2BR/1BA 877 $1250 $1.43 Craigslist 5/24/18
PROPERTY LOCATION Woodview Apts 14700 SW Beard Rd Beaverton, OR 97007 YEAR BUILT TOTAL # OF UNITS UNIT TYPE UNIT SF 1999 120 2BR/1BA 855 $1380 $1.61 Craigslist 5/24/18 CURRENT RENT RENT/PSF SOURCE PHOTO 7535 SW Hall Blvd 1986 76 2BR/1BA 932 $1450 $1.56 Craigslist 5/21/18 12020 SW Why Worry 1959 67 2BR/1BA 875 $1275 $1.46 Craigslist 5/21/18
RECENT SALES COMPARABLES PROPERTY LOCATION 12285 SW Longhorn YEAR UNIT MIX / PRICE / PRICE / BUILT # UNITS COMMENTS PRICE UNIT SF GRM SOLD PHOTO 1978 4 4 2BR/1BA $750,000 $187,500 $244 15.5 TBD *Subject Property 3435 SW 126th Ave Beaverton, OR 97005 1970 4 1 3BR/1.5BA 3 2BR/1BA $710,000 $177,500 $186 17.8 May 2018 SOLD by 6141 SW Valley Ave 1973 4 4 2BR/1BA $665,000 $166,250 $137 18.5 Dec 2017 SOLD by
PROPERTY LOCATION 9750 SW Marjorie Ln YEAR BUILT # UNITS UNIT MIX / COMMENTS 1973 4 1 3BR/3BA 1 3BR/2BA 1 2BR/1.5BA 1 2BR/1BA PRICE / PRICE / PRICE UNIT SF GRM SOLD PHOTO $790,000 $197,500 $165 14.5 Sept 2017 3421 SW 125th Ave Beaverton, OR 97005 1969 4 1 4BR/2BA 1 3BR/2BA 2 2BR/1BA $690,000 $172,500 $160 11.2 Sept 2017 6073 SW Valley Rd 1968 4 1 4BR/2BA 2 2BR/1.5BA 1 2BR/1BA $749,000 $187,250 $156 12.5 Aug 2017 3450 SW 126th Ave Beaverton, OR 97005 1968 4 2 3BR/2BA 2 2BR/1BA $675,000 $168,750 $175 13.9 Aug 2017
PROPERTY LOCATION 6140 SW Valley Ave YEAR BUILT # UNITS UNIT MIX / COMMENTS 1969 4 3 2BR/1.5BA 1 2BR/1BA PRICE / PRICE / PRICE UNIT SF GRM SOLD PHOTO $650,000 $162,500 $132 14.9 Feb 2018