SFR Investment Opportunity in Delaware County, Pa !!!

[Shawn Connors]

Hey BP,

I have a SFR house under contract in Delaware County, Pa. This is a property for a buy and hold investor. Here is the info...

• 722 Poplar St, Sharon Hill Pa 19079.  3 beds, 1 bath, 1616 sq ft, 1 car detached garage, front upper balcony, 2 stories, water and sewer- public, heating and hot water- oil, off street parking.
• Purchase Price- 50k
• Estimated Closing Costs- $2750
• Needs the Following - New Kitchen, Finish Hardwoods Throughout, New Paint Throughout, New Heating System, Updated Bathroom, New Gutters, Minimal Landscaping (small yard), New Doors Throughout.
• Approximate Repair Estimate- 30k-31k
• Recently Updated- New Roof and New Windows Throughout
• Approximate Cash Needed- $83,250
• Estimated ARV- 100k
• Will rent for $1150-$1250/month
• @ $1200 gross rent
• Monthly Expenses- $712 includes; Vacancy at 8%, CapEx at 8%, Repairs at 8%, Sewage, Water, Garbage, Insurance, and Property Tax at $3278 or $273/month

Year 1

• Cash Flow= $488/month
• Cap Rate= 7.2%
• Purchase Cap Rate= 12.2%
• NOI= $5854

Year 2

• Cash Flow= $499/month
• Cap Rate= 7.4%
• NOI= $5985

Year 3

• Cash Flow= $510
• Cap Rate= 7.5%
• NOI= $6117

Year 4

• Cash Flow= $521
• Cape Rate= 7.7%
• NOI= $6253

Year 10

• Cash Flow= $593
• Cape Rate= 8.8%
• NOI= $7119

Year 30

• Cash Flow= $898
• Cap Rate= 13.3%
• NOI=$10,771

Return on Investment Approximately 12 years

Numbers are based on a 1.5% Income and Property Value Increase and 1% Expense Increase.

*Please only contact me if you can meet the following requirements

*Buyer must have POF and $2000 non-refundable Earnest Money Deposit.