Aurora, CO Rental Assignment. 4.5 cap. Signed Lease in place

[David Heisler]

Hello there! 

Looking to assign a buy and hold deal to an investor looking for a turn key property! 

Cosmetic remodel and newer major systems. 

Rental income: $2600

Less:

Repairs and Maintenance: $83

Utilities: $100

Insurance: $141

Taxes: $194

Management (modeled here, your choice): $208

Bad debt & Vacancy of 5% (2%, 3% respectively): $130

Price: $440k 

Assignment Fee: $10k

Total Basis: $450k 

4.5 cap rate at these figures.