Midwest *Ground-up Turnkey* #2

[Marie McLean]

4453 N 77th Street Milwaukee, WI 53218

• Ground-Up Turnkey (see notes at bottom)
• 3 bedrooms, 1 bath, 1096 sqft
• detached garage, frame, built 1957
• Closing date: December 28, 2015

Details

• Price: $64,000
• Rehab: $16,100 ( We will never come back on you for more)
• Carrying Costs: $1,000
• Closing Costs: $2,000
• Total Turnkey Price: $83,100
• ARV: $86,500

Rental Projections

• Monthly Rent $1,025
• Taxes $177
• Management $82
• Vacancy $51 suggested
• Insurance $87
• Reserve $51 suggested
• Net $576
• Monthly x 12 $6,916
• Strictly Cash on Cash ROI 8.63%

Financed/Refinanced 80%

• Down Payment $16,020.00
• Mortgage Interest Rate 5%
• Mortgage Amortization 25
• Mortgage Monthly Payment $374.61
• Net Cash Flow Less Mortgage $201.74
• Net Net x 12 $2,421
• Financed Cash on Cash ROI 15.11%

Outdoor Video https://www.youtube.com/watch?v=PPOoT1I75rs

Indoor Video https://www.youtube.com/watch?v=xRcaOFgy24c

Scope of Work https://www.dropbox.com/s/l1zivb6130v6n1n/

4453%20N%2077th%20St.pdf?dl=0

Comps

4235 N 75th Street. Sold 7/15 $102,500. ($90.63/sqft)

• 3BR/1BA, 1131 sqft
• detached garage, brick and frame, built 1954
• retail upgrades throughout
• .4 miles away

4620 N 79th Street. Sold 9/15 $90,500. ($71.20/sqft)

• 3BR/1BA, 1271 sqft
• detached garage, brick and frame, built 1959
• partially updated with rental upgrades, lower end quality
• .3 miles away

7738 W Fiebrantz Ave. Sold 5/15 $99,900. ($99.80/sqft)

• 3BR/1BA, 1001 sqft
• detached garage, frame and stone, built 1956
• high end rental upgrades throughout
• .6 miles away

*Ground-Up Turnkeys* We acquire/rehab/tenant/manage + you fund (= up-front equity)

*Cashflow Turnkeys* We've acquired/rehabbed/tenanted/managed + we've already funded