Private Lender needed

[Lewis Anderson]

6730 Nobby Lail RD

Need a loan to pay for a urban property in North Carolina

$142,400 (12 Cap)

Monthly Rent Monthly Expenses

Unit 1 - $450             Repair & Maintenance - $200

Unit 2 - $480             Trash Removal - $65

Unit 3 - $300             Utilities - $115

Unit 4 - $430             Insurance - $25

Unit 5 - $525             Taxes - 33

Yearly Rent Yearly Expenses

Unit 1 - $5,400                  Repair & Maintenance - $2,400

Unit 2 - $5,760                  Trash Removal -$780

Unit 3 - $3,600                  Utilities - $1,380

Unit 4 - $5,160                  Insurance - $300

Unit 5 - $6,300

Total Yearly Rent - $26,220 Total Yearly Expenses - $4860

Current NOI - $21,360

Park is 100% Occupied.

NOI based on 80% occupancy rate - $17,088

Two homes remodeled in 2017 and 2018.

This is an urban property with 5 mobile home  in North Carolina with a high cap rate.