I am making a lender package - Advice on stats to show?

[Raymond McGill]

Hi, My wife and I have refurbed five properties, and now I am selling all the 'learning' houses and will be buying a multifamily. I am working up a package to show lenders, but I would like some help to ensure I provide the what they expect to see. I ran the numbers through the Rental Calculator, but the situation is more complicated because we flipped them, live in them two years, then rented one out (7 Oak) and sold the other (Upper City). I have the numbers, and its a great story, but how to tell the story?

7 Oak Street, Pittsfield NH

7 Oak Street was a distressed 3 bedroom/1.5 bath home (3/1.5) that was rehabbed as a 4 bedroom / 1.5 Bath (4/1.5).

This property was rehabbed remotely from over an hour distant. 95% of the work was done by owners.

After rehab, this property was primary residence until next property found, then this property was rented. Currently, this property will be on the MLS for sale in September 2016

Rental Stats

Monthly Income: $1,050.00

Monthly Expenses: $352.83

Monthly Cashflow: $697.17

Pro Forma Cap Rate: 9.30%

NOI: $8,366.00

Cash on Cash ROI: 25.74%

Purchase Cap Rate: 38.03%

Sales Stats

Purchase $21000 03/2011

Moved in 06/2011-6/2013

Rented it out 6/2013 - 7/2016

Sale *(projected)$75000 *TBD *11/2016

1144 Upper City Road, Pittsfield NH

This property was a distressed 3 bedroom/1 bath home (3/1) on a 4 acre farm.

This property was rehabbed with 50% of the work done by owners.

After rehab, this property was primary residence until sold (owner financed and still hold note).

Rental Stats

Monthly Income: $1,500.00

Monthly Expenses: $416.67

Monthly Cashflow: $1,083.33

Pro Forma Cap Rate: 10.66%

NOI: $13,000.00

Total Cash Needed: $67,000.00

Cash on Cash ROI: 19.40%

Purchase Cap Rate: 28.89%

Sales Stats

Purchase $45000 03/13

Moved in 06/2013 - 08/2015

Sale $120000 08/15