Rental Property Investor · Bloomington, IL · Member since 2015 · 48 posts · 8 votes
My partners and I are about to start advertising a 3-property package, and this will be our first time to trying to sell to other investors (as opposed to marketing to traditional home buyers).
We are looking for your advice, as investors, if this offer seems attractive. Would these #s make you interested? Should we try to raise the price?
Rental Property Investor · Bloomington, IL · Member since 2015 · 48 posts · 8 votes
8y
The 3 Property Package - Two all brick, ranch style homes(4/2, 3/2, plus one condo (2/1)
We think we can sell the properties individually for $400,000, but we've agreed internally to give a buyer a small discount for buying all three properties as an investment package (maybe $390,000). Tenants pay all utilities. Long-term contracts (3 yrs) in place for 2 of the properties. The condo is freshly remodeled and rent ready for max rent. At $400,000, this deal offers a fantastic annual 28.0% return.
The Pro Forma
At $400,000 the Cash-on-Cash return is fairly valued by the following...