All Forum Posts by: Yoni Rozenstein

Originally posted by @Jay Dewberry:

Hi Yoni. I would have to agree with Jerad on this one. CapEx seems a little on the low side for 20 SFH's. Even though they are relatively modern homes, having a better cushion would prevent you from dipping into your cash-flow for any big ticket items in the future. Also, does the Total Cost for Project of $1,250,000 include rehab or is that just for acquisition? I didn't see the figures for this. Another question would be have you had a chance to pull the actual taxes on each property. I ask as the properties in Atlanta have County and City taxes, and depending on the area, they can add up to be pretty steep. Lastly, have you contacted some property managers, to get some rates? You may find that that number may go up as well. Just my initial thoughts good luck.

Thank you Jay

 1.25m$ Including rehab, Thanks for your offer, we have our own management company.

Thank you all.

The properties are in B- areas, in the suburbs, the comps there are between 66K$-80K$ for the last 8 properties have been sale there.

We have room to raise the rents with few 25-75$ each.

After calculating 10% for CapEx that put us on 53% total Expenses from income, High.

Great Question. i didn't know which # to calculate.

The oldest house built after 2004. they are at great condition. 10% is very high i think.

We also assuming that the expenses will be lower then 7.5%.

Greetings all.

We about to close (currently in the due diligence) deal of 20 SFR at the Metro Atlanta.

We have a bank loan for this deal of 70% LTV.

Here is our #'s , What do you think? have we missed something?

Property Information 

Total Cost of Project: $1,250,000.00

After Repair Value: $1,400,044.00

Down Payment:$410,000.00

Loan Amount: $840,000.00

Loan Interest Rate:4.5%

Income (before changing the rent rate) $14,650.00 , each SFR between 700-850$ mo.

Expenses

CapEX	219.75	1.0%
Insurance	565	4.0%
HOA	800	5.0%
Vacancy	1098.75	7.5%
Repairs	1098.75	7.5%
Mangment	1098.75	7.5%
Property Taxes	1415.42	10.0%
P&I (Loan)	4887.85	33.0%
Total	11184.27

Monthly Cash Flow : $3465.73

COC: 10.17%

Thanks, no doubt that multi family less expensive. But how do you calculate the risk of putting your "all eggs in one basket"?

Greetings all. If you have a complex of 20 units , and something goes wrong at this area so you are more exposed to risks then if you have one single family house there. How do you calculate this risk? Thanks , Yoni.

Hi Curt, Thanks

Our package in the B- areas and the numbers are pretty good.

Is there any problems to rent your assets?

What is the vacancy rate you took?

Thanks, yoni.

Greetings all. If someone knows well Griffin market and could give us some data about this market that will be great. Demographic , work places (where most of them work), developments etc. We currently checking the option to buy package of around 15 properties there and I would like to know what the members here knows about this market. Thanks , Yoni.

Thanks! Aprichate your answers.

Thanks.

What do you think is the ARV (for rent grade) for Solid Brick Craftsman on 1.4153 acres. 3 bedrooms, 2 baths approximately 1350 sqft. plus a full unfinished basement at this Area?