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St Louis, Saint Louis, MO 63131
Cash on Cash ROI
Fully rented and managed 24 door portfolio over 17 homes. 12 Single family homes, 4 Duplexes and one 4 plex. Performing properties owned for a long time. Owner does not need to sell but is willing to let these go to reinvest in a new business. Management will stay on if desired at current rates. Prices are firm owner will keep these if they do not sell. Many tenants are long term tenants and homes have had good upkeep and maintenance. Tenant pays expenses with the exception of the 4 unit where the numbers are reflected to the right for water, sewer, trash and maintenance. Full breakdown of unit mix and rents etc. available. Showings can be arranged for qualified buyers. Owners and management take pride in these properties, they are well kept in good areas and we intend to only sell to people who will continue to run them that way. Do not disturb tenants. Contact me directly with questions or for any additional info or to make offers.
Overview Actual Numbers
Purchase : 1,550,000.00
Gross Rent : 16,948/Month
Taxes : 18428 annually
Insurance : 6500
Vacancy (5%) : 10,169
Water/Sewer/trash : 1500
Management (10%) : 19,321
Gross Income : $203,376
Effective Income : 193,207
Operating expenses : $45,849
NOI : $147,358
Cap Rate : 9.51%
After Cash purchase Re-Financing Scenario
75/25 Loan @ 5%
Amount financed : $1,162,500
Cash down : 387,500
Closing : 46,500
NOI : 147,358
Debt Service : 85,665
Cash flow : 61,193
Cash on cash ROI : 14.22%
-Accepting all offers
-no seller finance available
-Addresses and further info can be given but tenants are not to be disturbed or notified of the sale
St Louis, Saint Louis, MO 63131
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