Hi there, 

We are looking for JV partners or investors. We are currently holding on the deal on fourplex. Here are some details:

PROPERTY AS IS

Purchase Price $399,000 Initial Investment required $79,800 + $8,000 = $87,800

REVENUES

Rent unit 1 700 8,400

Rent unit 2 750 9,000

Rent unit 3 1100 13,200

Rent Unit 4 850 10,200

TOTAL REVENUES 40,800

EXPENSES

Taxes 6,700

Electricity 0

Water 1,100

Insurance 1,500

Snow Removal 800

Utilities 0

Bad Debt / Vacancy 1,364

Maintenance 2,274

TOTAL EXPENSES 13,938

MORTGAGE 18,702

PROFIT 8,534

OUR PLAN

- All Rents are Under rental market value. There are 2 units that rent haven’t

been changed in 6 years. Both Lease agreements for these units, end in July.

Which we will give notice in May for the rent increase for the renewal of the

agreement. Rent will increase to $ 45,480 Yearly

PROPERTY IN AUGUST 2020

Purchase Price $399,000 Initial Investment required $79,800 + $8,000 = $87,800

REVENUES

Rent unit 1 (1 BR) 795 9,540

Rent unit 2 (1 BR) 795 9,540

Rent unit 3 (3 BR) 1100 13,200

Rent Unit 4 (3 BR) 1100 13,200

TOTAL REVENUES 45,480

EXPENSES

Taxes 6,700

Electricity 0

Water 1,100

Insurance 1,500

Snow Removal 800

Utilities 0

Bad Debt / Vacancy 1,364

Maintenance 2,274

Property Management 3,638

TOTAL EXPENSES 17,577

MORTGAGE 18,702

PROFIT 9,201

Cap Rate 7.0%

Cash on Cash Return 11.53%

Equity gain in 5 years 44,855

Appreciation in 5 years (2.5%) 50,000

Cash gain 46,000

Total $144,855

NROI: 32%

Please contact if you are interested 

Stas