TITLE:
SFR Portfolio
CONTROL:
Exclusive
VALUE:
$15,900,000
LOAN:
$12,500,000
EQUITY:
$3,400,000
TYPE:
Homes/Condos
HAVE:
67 properties (72 units) all renovated in the last 1 to 5 years. Strong income, low expenses. Management available.
ADDRESS:
123 Main ST, Covington, Kentucky
BENEFITS TO NEW OWNER:
Solid cash flow
GROSS SCHEDULED INCOME:
$1,454,800 Projected
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$1,454,800
EXPENSES:
$261,832
NOI:
$1,192,968
DEBT SERVICE:
$915,153
CASH FLOW:
$277,815
CAP RATE:
7.50%
BENEFITS SOUGHT:
Cash out to pay off debt
CAN ADD:
He is flipping more houses each month to rent he can add,
REMARKS:
23 properties have assumable loans, this is a solid cash flow opportunity to get into the market at scale.
COUNSELOR:
Jim Carmichael
Berkshire Hathaway Commercial Real Estate
2320 Grandview Drive
Fort Mitchell, Kentucky, 41017
