TURN KEY SFR IN A GROWING MARKET

[Damion York]

5045 N 56th St Milwaukee, WI 53218

4 bed, 1.5 bath, detached garage, 1,164 sq ft, built 1928.

Zillow

Trulia

Interior Video Walk-Through 1

Interior Video Walk-Through 2

Exterior Video Walk-Through

Price: $42,500

Rehab: $26,500

Costs to Carry: $1,000

Closing Costs: $2,000

Total Project Expected: $72,000

ARV: $74,015

Rental Projections

Monthly Rent: $1,050

Taxes: $114

Management: $84

Vacancy reserve: $53

Insurance: $80

Maintenance reserve: $53

Net: $666

Monthly x 12: $7,998

Strictly Cash on Cash ROI: 12.96%

Financed/Refinanced 80%

20% Down Payment: $13,600

Loan payment @ 20% down 5.5% Am. Over 20: $374

Cash on Cash ROI of 20% Down: 25.7%

Comps

5075 N 56th Street. Sold 3/15 $74,000. ($72.98/sqft)

4BR/2BA, 1200 sqft

detached garage, frame, built 1951

no interior pictures available

210 feet away

4872 N 55th Street. Sold 3/15 $74,000. ($72.98/sqft)

4BR/1BA, 1014 sqft

detached garage, frame, built 1953

non MLS sale, no pictures available

.3 miles away

4921 N 56th Street. Sold 10/14 $67,000. ($51.11/sqft)

4BR/1.5BA, 1311 sqft

detached garage, frame, built 1964

rental grade updates throughout

.2 miles away