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We Present the Latest Investment Opportunity!*

Asset type: FOURPLEX

Total Sq Ft: 4,095

Bed/Bath/Garage: 3 X 2/1/0, 1 X 1/1

(Neither unit square footage or condition verified)

 

Asking Price: $405k.

Current income: $2,595

Rehab estimate: $50k (placeholder, inspection pending. Seller disclosures show roughly $35k in foundation/masonry repair)

 

Year 1 Projections**

Income: $3,950 - $4,400 a month (+$225 a year coin laundry)

Return on Equity (ROE): 12% - 15% (what is return on equity?)

Net cash flow: $1,131 - $1,507

Operating Expense Ratio: 28% - 30%

Cap Rate: 6.9% - 7.2%

Cash on Cash Return: 9% - 12%

Owner occupants may qualify for a 3.5 – 5% down payment!

Don’t like the asking price? Make a reasonable offer!!

Please contact me by phone or text at 719-453-8690 for more details or to express your interest***.

*The asset being offered is not owned or under the control of Atlas Real Estate Group
**After rent increase(s). Calculations assume a 75% LTV, 30 yr. loan at 5%.
***NCND and/or Buyer Agency requested

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