HIGH CASH FLOW (27% ROI) 4 PLEX INVESTOR SPECIAL (1640 PECK ST)

[Jeff Helm]

- Recently updated 4 - Plex for sale, new windows, flooring's, paints and more

- Sellers no longer want to be landlords

- Current Rents total $2,400 monthly, rent potential is $2,600

- Currently water, electric and heat are included in rents. Opportunity to increase income by separately metering each unit and adding coin laundry in the basement.

- Monthly Proforma:

Assumptions: Purchase price of $167,500, 20% down ($33,500) on conventional mortgage at 5%

Gross Rents = $2,600

Vacancy Losses = -$260

Property Taxes = -$200

Insurance = -$100

Gas/Electric/Water = -$458

Mortgage Payment = -$719

Maintenance Reserves = -$104

Monthly Cash Flow = $759 Monthly, $9,108 Yearly (27% Cash-on-Cash Return), Cap Rate of 8.8%