Midwest *Cash Flow* Turnkey #6

[Marie McLean]

NOTE: *Cashflow* Turnkey ~ rehabbed, managed, and leased. 

Lease renewal dates: 02/29/2016  both units

Details: Garage / 2 Spaces, Year Built 1890, Floors 2.

Sales Price: $89,000    ARV 100K 

• Rent: $1400 (Unit #1: $700 Unit #2: $700) 
• Vacancy Factor: $70 suggested
• Taxes: $118 
• Insurance: $96.42 
• Maintenance: $70 suggested
• Lawn Care: $80 
• Water: $110 
• Management: $112 
• Cash Flow: $743.28

  Financed: 20% down $17,800

• Mortgage: $71,200 @ 5% for 20yrs 
• Mortgage payment: $469.89 
• Cashflow: $273.69 
• COCR: 18.45% 

COMPS: 
1011 E Central Park Ave Sold $98,000

• 6/2 (3/1 each) 2376 sqft 
• 2 story frame built 1935 
• basement/ det frame garage 
• 1942 Walling St Sold $90175 
• 2/2 (1/1 each MLS says but I think it might be 2/2 each) 2146 sqft
• 2 story frame built 1920 
• basement/ no garage 
• 4.9 miles away

2602 Harrison Sold 90K

• 3/3 (2/2 and 1/1) 2379 sqft 
• 2 story frame 1900 sqft 
• basement/ 2 car garage 
• 2.5 miles away 

1346 W 15th st Sold $83,500

• 4/2 (looks like 2/2 each) 1716 sqft 
• 1.5 story frame built 1910 
• basement/ 2 car garage