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Rental Portfolio For Sale
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Here's the breakdown:
Down payment to acquire: $150K
Purchase price: $1.1M
Monthly payment: $6,800 (covers mortgage, taxes and insurance)
1) Bloomfield Ave
Renovated 4/1
$1,400 market tenant
Tenant pays water and sewer
Tenant is responsible for landscaping
Month-to-month lease
$1,400 market rent rate
ARV is around $150K
Will only need tenant turn repairs
2) Bloomfield Ave
Renovated 4/2
$1,300 market tenant
Tenant pays water and sewer
Tenant is responsible for landscaping
Month-to-month lease
$1,400 market rent rate
ARV is around $150K
Will only need tenant turn repairs
3) Cleveland St
Renovated 3/1
$1,200 market rate tenant
Tenant pays water and sewer
Tenant responsible for landscaping
Month-to-month lease
$1,300 market rent rate
ARV is around $130K
Will only need tenant turn repairs
4) Noah Ave
Renovated 5/2
$1,500 market rate tenant
Tenant pays water and sewer
Tenant responsible for landscaping
Month-to-month lease
$1,500 market rent rate
ARV is around $160K
Will only need tenant turn repairs
5) Pondview Ave
Updated 3/1
$1,300 market rate tenant
Tenant pays water and sewer
Tenant is responsible for landscaping
Month to month lease
$1,300 market rent rate
ARV is around $130K
Will only need tenant turn repairs
6) Elmore Ave
Renovated 7/2
Room rentals, currently one two rented for $500 each
Tenant pays water and sewer, and split utilities
Owner responsible for landscaping
Month to month lease
$1,700 market rent rate
ARV is around $270K
Will only need tenant turn repairs
7) Beechwood Dr
Renovated 3/1
$1,300 market rate tenant
Tenant pays water and sewer
Tenant responsible for landscaping
Month-to-month lease
$1,300 market rent rate
ARV is around $140K
Will only need tenant turn repairs
8) Hammel St
Renovated 4/1.5
$1,300 market rate tenant
Tenant pays water and sewer
Tenant responsible for landscaping
Month-to-month lease
$1,300 market rent rate
ARV is around $140K
Will only need tenant turn repairs
Current monthly cash flow: $10,300
Proforma monthly cash flow: $11,200
Current equity: $170K-$200K