Rehab then Turnkey MKE Milwaukee 8-12% ROI with Comps

[Nate Armstrong]

Full Brochure Here

Please post below or PM me if interested.

4626 W Hale Place

Milwaukee, WI 53216

3 bedrooms, 1.5 bathrooms, 1498 sqft

Detached garage, frame, built 1924

Closing date: April 11th, 2016

• Zillow
• Trulia
• Video - Outside
• Video 2 - Inside
• Repair List

Price: $53,000

Rehab: $30,000

Carrying Costs: $1,000

Closing Costs: $2,000

Total Turnkey Price: $86,000

ARV: $87,000

Rental Projections
Monthly Rent	$1,050
Taxes	$194
Management	$84
Vacancy	$53
Insurance	$90
Reserve	$53
Net	$577
Monthly x 12	$6,926
Strictly Cash on Cash ROI	8.34%
Financed/Refinanced 75%
Down Payment	$20,750.00
Mortgage Interest Rate	5%
Mortgage Amortization	25
Mortgage Monthly Payment	$363.91
Net Cash Flow Less Mortgage	$213.23
Net Net x 12	$2,559
Financed Cash on Cash ROI	12.33%

Comps

3252 N 48th Street. Sold 1/16 $104,000. ($72.37/sqft)3BR/1.5BA, 1437 sqft Detached garage, brick provincial, built 1932 Retail upgrades to kitchen, rest of property dated .3 miles away Adjustments made in ARV configuration: deduction for retail grade updates to kitchen 4512 W Leon Terrace. Sold 3/16 $99,50. ($59.55/sqft) 4BR/2BA, 1671 sqft Detached garage, frame bungalow, built 1930 Rental grade updates throuhgout .8 miles away Adjustments made in ARV configuration: deduction for additional bedroom, deduction for additional bathroom, deduction for additional square footage 4505 W Medford Ave. Sold 10/15 $97,100. ($60.50/sqft) 3BR/1.5BA, 1605 sqft Detached garage, brick colonial, built 1935 Rental upgrades to kitchen, fresh paint throughout, rest of property dated Adjustments made in ARV configuration: deduction for additional square footage

ARV $87,000

Map

Notes and Disclosures: The ARV (After Repair Value) is based on a broker's and/or Realtor's price opinion. The broker and/or Realtor is not an appraiser, and does not claim to be an appraiser. We are real estate investment service entities. We have provided the information within this brochure for the benefit of investors. Investors are encouraged to verify all estimations independently. We assume no liability, expressed or implied, for the accuracy of our estimations. We do not give authority, expressed or implied, to the recipient of this information to enter onto this property.