Listed by DOBI Real Estate
$800,000
5 Pack High ARV Retail quality
Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 8,590
Units 5
Cap Rate 15.22%
NOI $121,800
Price per SqFt $93
Class B
Buildings 5
Investment Type Value Add
Major Equity Play
Marketing description
5 Single family homes in HIGH ARV area
all properties have been rehabbed and are turnkey, all unoccupied and significantly under market value creating upside from day 1.
Property addresses as followed
18073 Santa Barbara 3 beds 1.1 Baths 11650 sqft ARV $250,000, market rent- $2,100.00
14870 Prevost 3 beds 1.1 baths 1762 Sqft Arv $190,000 market rent- $1,650.00
18650 Wisconsin 3 Beds 1.1 baths 1600 sqft ARV $195,000 market rent- $1,700.00
17360 Greenlawn 3 beds 1.1 baths 1633 Sqft ARV $260,000 market rent- $2,100.00
294 Riverside 5 Beds 2.1 baths 1945 Sqft $275,000 market rent- $2,600
Market rent across all doors- $10,150.00
Market Arv- $1,170,000.00
$350,000+ equity from day 1
Listing Contacts
Listed by DOBI Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$121,800.00
$10,150.00/mo
Valuation Metrics
0
DSCR
15.23%
Cap Rate
15.23%
ROI
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