BiggerPockets

If anybody is interested please let me know. If you want additional info please send a ncnd agreement. Can probably get it cheaper if all cash and can close quickly.

Financial Information

Asking Price: $3,950,000

Term: Assumption

Loan: $2,567,500

Price/Unit: $12,580

Price/Sqft: $15.94

Equity: $1,382,500

Units: 314

Avg Size: 789

Land Area: 19.62

Rentable Sqft: 247,808

Occupancy Rate: 53%

Stabilized NOI: $766,080

Est Rehab/Upgrade/Unit: $2,500

Est Rehab/Upgrade @ $2,500/unit: $785,000

Est All-In Cost: $4,735,000

Est Dn Pymt (35% of Asking Price): $1,382,500

Total Equity = Dn Pymt+Rehab: $2,167,500

Total Equity % of Price: 55%

Property Info:

Age: 1976

Electric Meter: Individual

A/C Type: HVAC

Water: Master/Rubs

Access Gates: Yes

Roof: Flat

Paving: Concrete

Materials: Brick/Wood

Stories: 2

Parking: Open

Buildings: 32

Units/Acres: 16.00

Current Loan Parameter

Lender: To Be Determine

Int Rate: 6.50%

Est Loan Amount: $2,567,500

Est Monthly P & I Payment: $16,228

Amortization (Months): 360

Reserve for Replacement (U/yr): $250

Estimated Loan Constant: 7.58%

Term: 10yrs

Estimated Loan is based on 65% of the

Asking Price

Nancy,

I have a client that will want to look at this property.

Specifically, they want Texas -big city properties with upside after repairs or lease-ups.

Kyle

[EMAIL REMOVED]