Tennessee Mountain Top Investment Properties - EQUITY PARTNER NEEDED

[Derek Reynolds]

SEEKING EQUITY PARTNER(S) in higher end - CASH FLOWING - STR's in the beautiful Smoky Mountains of Tennessee?- 3 units left - Buy one or all.-

Looking for equity partner to provide down payment 20% Also open to assignment of contract if you want it yourself

- Turn key, will have full inspection reports done

- Seller agrees to pay closing costs

- Potential to secure group rate with Property Management Company

Pro Forma (PF) numbers included

Unit#1:

PP: $1.85

MDP: $370K

DSCR: 1.29 (T-12); 1.33(PF)

Net after debt(annual) : (current T-12) $37.5k ; Pro Forma: $43k

COC: 10.13(T-12) ; 11.6(PF)

Cap Rate: 9.1(T-12) ; 7.0(PF)

Unit#2:

PP: $2.3

MDP: $460K

DSCR: 1.45 (T-12); 1.06(PF)

Net after debt(annual) : (current T-12) $72.2k ; Pro Forma: $10k

COC: 15.71(T-12) ; 2.1(PF)

Cap Rate: 10.2(T-12) ; 7.0(PF)

Unit#3:

PP: $2.3

MDP: $460K

DSCR: 1.88 (T-12); 1.39(PF)

Net after debt(annual) : (current T-12) $142k ; Pro Forma: $63k

COC: 30.87(T-12) ; 13.6(PF)

Cap Rate: 13.2(T-12) ; 7.0(PF)

Let me know if you are interested!!