All Forum Posts by: Kevin Latten

Looking to refinance and pull some cash out of a small rental portfolio that i own in a LLC.

4 condos with about $40k value a piece and two single family residences, value at approx $160k and $120k. Both of single family homes are listed for sale, so they may or may not be included in this financial restructuring. 

Fixer Upper in Columbia SC. 

Needs a lot of work, est repairs $35k

Rental rates $650-700/mo

Property is from a delinquent tax sale in local county. 

Call/text for more info 803-476-7250

MAKE OFFER

MUST SELL

MOTIVATED SELLER

NEED CASH

7602 Hunt Club Rd Columbia, SC 29223

Unit O114 - $750/mo $34,900

7602 Hunt Club Rd Columbia, SC 29223 Unit N101 - $750/mo $34,900

229 Windsor Point Rd Columbia, SC 29223 Unit 7h - currently vacant ($750/mo when occupied) $34,900

513 Wimbledon Ct Columbia, SC 29210 - $730/mo $34,900

$2,880/mo GROSS INCOME

$34,560/yr GROSS INCOME

50% expenses (taxes, HOA, maintenance, vacancy, property mgmt)

$17,280 NET ANNUAL INCOME

310 Spartan Dr is the only one still available. 

7602 Hunt Club Rd Columbia, SC 29223 Unit O114 - $750/mo Retail Value $40-$45k

7602 Hunt Club Rd Columbia, SC 29223 Unit N101 - $750/mo Retail Value $40-$45k recently vacant

229 Windsor Point Rd Columbia, SC 29223 Unit 7h - currently vacant ($750/mo when occupied)

Retail Value $40-$45k

513 Wimbledon Ct Columbia, SC 29210 - $730/mo $34,900

Retail Value $35-$40k

$2,880/mo GROSS INCOME

$34,560/yr GROSS INCOME

50% expenses (taxes, HOA, maintenance, vacancy, property mgmt)

$17,280 NET ANNUAL INCOME/.15 = $115,200

This is my personal rental portfolio, I am the owner. I am selling because I am getting married and looking to purchase a new primary residence, I need to liquidate some assets.

Insurance is included in HOA fee.

For questions or info 803-476-7250

7602 Hunt Club Rd Columbia, SC 29223 Unit O114 - $750/mo $34,900

7602 Hunt Club Rd Columbia, SC 29223 Unit N101 - $750/mo $34,900

229 Windsor Point Rd Columbia, SC 29223 Unit 7h - currently vacant ($750/mo when occupied) $34,900

513 Wimbledon Ct Columbia, SC 29210 - $730/mo $34,900

$2,880/mo GROSS INCOME

$34,560/yr GROSS INCOME

50% expenses (taxes, HOA, maintenance, vacancy, property mgmt)

$17,280 NET ANNUAL INCOME/ $129,900 OBO

13.3% Cap Rate

7602 Hunt Club Rd Columbia, SC 29223 Unit O114 - $750/mo

7602 Hunt Club Rd Columbia, SC 29223 Unit N101 - $750/mo

229 Windsor Point Rd Columbia, SC 29223 Unit 7h - currently vacant ($750/mo when occupied)

513 Wimbledon Ct Columbia, SC 29210 - $730/mo

$2,880/mo GROSS INCOME

$34,560/yr GROSS INCOME 

50% expenses (taxes, HOA, maintenance, vacancy, property mgmt)

$17,280 NET ANNUAL INCOME/.15 = $115,200 OBO

$2880/mo combined gross rents

$34,560 annual income

50% taxes, ins, HOA, prop Mgmt, vacancy

$17,280 Net NOI

Asking $115,200

15% Cap Rate

803-476-7250