Incredible Joint Venture opportunity, 25% - 35% return

[Isaac Zilberman]

Just closed an incredible Joint Venture opportunity with a Real Estate Investor, demonstrating 25% - 35% return in just 8 months.

Investment summary:

Acquisition of 5 turnkey properties (6 units), upgrade and rehab, - stabilize and raise rents to $4,500 and then resale to investor or homeowner - see more details on the Analysis. - All properties currently occupied with tenants and the monthly gross rent is $4,150

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Location:

Lockport, NY 14094

143 S Transit-St Lockport NY 14094 -- Zestimate $99,580

7 Elm Ct Lockport NY 14094 ---- Zestimate $38,906

66 Van Buren St Lockport NY 14094 --- Zestimate $40,587

19 Evans St Lockport NY 14094 --- Zestimate $42,66420

Spalding St Lockport NY 14094 --- Zestimate $72,750

Timeline:

8 months

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Costs:

Purchase value: $95,000

Hard construction costs: $59,595

Soft development cost:$21,780

Total project cost: $176,375

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Sources:

Total equity: $176,375

Investor equity: $141,100

Developers Equity $35,275

Debt: $0.00

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Collateral:

JV partner have the first lien position and has priority over all other claims against the properties.

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Exit and Project Value after Development:

Project Value : $250.000 to $295,000

Commission and closing cost : $20,000

C/F From Operations: $50,475

Less project cost: $176,375

Net profit: $104,100 

Project Total Return: 59.02%

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Projected distribution to investor:

Return of capital: $141,100

Profit to investor: $34,700

Total payout to investor: $175,800

Investor total return : 24.59%

Annual Return: 36.89%

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Click here for pictures and more information

Click here for some of our recent projects

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For more opportunities:

Text: 716-2662599 - Email: [email protected]