Near Turnkey Two Unit Property!!

[Paris Wilson]

Incredible opportunity to own a near turnkey 2 unit in Ramblewood Community. CoC 22%: Cap Rate 13%. Very nice neighborhood and rents are strong. Less than $10k needed to be rent ready and $25k est. for full rehab for retail value of $170k. Not much work here. Each unit is 2/1, nice front and rear yard, kitchen, avg. rents $1300. Asking $75k obo. Please provide POF to receive lockbox and $3500 EMD at time of contract. This is a cash ONLY transaction. Discount if can close within 7 days. Please contact me at: [email protected] or 443.691.6619 for additional photos and property summary.

PURCHASE/REHAB ASSUMPTIONS	61% of ARV
After-Repair Value (ARV)	170,000.00
Purchase Price	75,000.00	43%
Rehab Costs	25,000.00	14%
Total Holding and Closing Costs (not inc. Refi)	4,000.00	2%
Total Financing Costs	-	0%
Total Project Cost Basis	104,000.00	61%
Total Amount Financed	-
Total Cash Commited	104,000.00

PROJECTED RESULTS
Projected Monthly Rent (net of vacancy)	2,280.00
Projected Monthly Expenses	368.00
Projected Monthly Net Operating Income	1,912.00
Cap Rate Based on Cost Basis	22.1%
Cap Rate Based on ARV	13.5%
Assumed Time to Complete Rehab:	1 Month
Assumed Time to Complete Refi	2 Months
Total Time between Acquisition and Refi:	3 Months