Beds: 6Baths: 2Sq Ft: 1872
Single Family / Multi-Family
Llamanos: (800) 403-3407
Llamanos: (800) 403-3407 Project Descriptions
| Purchase/Rehab Assumptions | % of ARV | |
| After-Repair Value (ARV) | 5,760,000.00 | 56% |
| Purchase Price | 3,200,000.00 | 19% |
| Rehab Costs | 1,100,000.00 | 0% |
| Total Closing and Holding Costs | 20,000.00 | 4% |
| Total Financing Costs | 241,990.00 | 79% |
| Total Amount Financed | 3,159,000.00 | |
| Total Cash Committed | 1,402,990.00 |
Projected Results
| Projected Monthly Rent (net of vacancy) | 54,400.00 |
| Projected Monthly Expenses | 16,240.00 |
| Projected Monthly Net Operating Income | 38,160.00 |
| Cap Rate Based on Cost Basis | 10% |
| Cap Rate Based on ARV | 8% |
| Assumed Time to Complete Rehab | 12 Months |
| Assumed Time to Lease-Up | 4 Months |
| Total Time Between Acquisition and Lease-Up | 16 Months |
| Equity at End of Deal | 2,601,000.00 |
| Monthly Cash Flow (before tax) | 24,997.50 |
| Cash-on-Cash Return (before tax) | 21.40% |
| DCR on Loan | 2.9 |
Strategically located, New Village Apartment Homes is a 64 units renovation project, with remodeled apartment homes boasting spacious floor plans, featuring new kitchens, appliances, baths and much more. The ideal location allows for quick access to major highways, while only minutes away from Downtown Atlanta and the airport. This apartment complex is just minutes away from schools, medical facilities, shopping, and entertainment.
Updated on enero 21, 2020 at 11:06 pm
2905 Springdale Rd, Atlanta, GA 30315 - 2905, Springdale Road Southwest, Egan Park, East Point, Fulton County, Georgia, 30315, United States of America
