INVESTOR TURNKEY

[Damion York]

2525 Crestview Dr. Bettendorf IA

Great Area!!! Bettendorf School District-Absolute best school district in the Quad Cities and highly sought after!!

3 bed, 1 bath, 2 car garage, 1053 sqft, built 1961. Closing date: 11/19/15

Zillow

Trulia

Pictures

Scope of Work

Price: $79,000

Rehab: $25,000

Carrying Costs: $1,000

Closing Costs: $2,000

Total Turnkey Price: $107,000

ARV: $120,000

Rental Projections

Monthly Rent: $1150

Taxes: $170

Management: $92

Vacancy Reserve: $58

Insurance: $113

Maintenance Reserve: $58

Net: $660

Monthly x 12: $7,919

Strictly Cash on Cash ROI: 7.61%

Financed/Refinanced 80%

Down Payment: $20,800

Mortgage Interest Rate: 5%

Mortgage Amortization: 25

Mortgage Monthly Payment: $486.38

Net Cash Flow Less Mortgage: $173.56

Net Net x 12: $2,083

Financed Cash on Cash ROI: 10.01%

Comps

2525 Cypress Dr Sold 101K 5/15 (94.13)

3/1 1073 sqft

Ranch frame built 1960

1 car att/no basement

.3 miles away

3028 Welshire Dr Sold 127K 3/15 (110.24)

3/1 1152 sqft

Ranch Frame built 1962

2 car detached/no basement

.5 miles away

1012 Summit Hills drive Sold 128K 5/15 (109.40)

3/1 1170 sqft

Ranch frame built 1964

2 car att/full basement

.4 miles away

Comps on a Map: