7 Properties [ 10% ROI ]

[Art Frasik]

I am selling an investment portfolio consisting of 7 properties. All properties are in great condition and the portfolio will provide about a 10% return on your investment. The house on Elmo just completed a full rehab and is currently vacant. 

I am willing to manage the rental portfolio for a negotiated fee or you are welcome to hire a management company of your choice. I do have an established relationship with all of the long-term tenants.
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Total Price: USD $370,000

Gross Annual Rent: $65,340
Gross Annual Expenses: $28,074
Net Operating Income: $37,266
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PROPERTIES
- 3212 Beatrice Dr Middletown, Ohio 45044 (Duplex town homes)
Yearly Income: $13,800
Annual Property Taxes: $1,544
Annual Insurance: $480
(2 x two bedroom townhouses)

- 2002 Highland ave Middletown, Ohio 45044 (House)
Yearly Income: $9,000
Annual Property Taxes: $1,008
Annual Insurance: $480
(3 bedroom, detached garage)

- 1700 Carolina St Middletown, Ohio 45044 (House)
Yearly Income: $9,000
Annual Property Taxes: $1,020
Annual Insurance: $480
(3 bedroom, Garage, Full Basement)

- 1408 Winona Dr Middletown, Ohio 45042
Yearly Income: $7,800
Annual Property Taxes: $600
Annual Insurance: $480
(2 bedroom, Full basement)

- 1410 Hood Ave Middletown, Ohio 45044
Yearly Income: $8,400
Annual Property Taxes: $928
Annual Insurance: $480
(3 bedroom)

- 1012 Oxford State rd
Yearly Income: $7,140
Annual Property Taxes: $1,266
Annual Insurance: $480
(3 bedroom, detached garage, full basement)

- 2914 Elmo Pl Middletown, Ohio 45044
Yearly Income: $10,200
Annual Property Taxes: $1,266
Annual Insurance: $480
(4 bedroom, 2 car garage, full basement)
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ADDITIONAL ANNUAL EXPENSES:
Annual Average Maintenance Expense: $6,534
Anticipated Vacancy Loss: $4300.............(average tenancy duration is about 3 years)
Expected Annual Management Fees: $6,534

Expected Net Operating Income: $37,266
Expected Return on your investment: $10%