809 Hudson St, Forest City, PA 18421 Report
Selling Our Interest in a Large Duplex for $20k 809 Hudson St Forest City, PA 18421
Needs floor coverings, fresh paint, a decent (but modest) bathroom and kitchen added on one side, elec. baseboard heating installed, some elec. work and plumbing, 1 exterior door. Large backyard, A+ Crime rating, B school district.
Exclusively Presented By: Richard Milewski Emberlit Investments, LLC
PA 18444 (570) 689-8724 [email protected]
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MARKETING SHEET (HOLD) Contract Price asking $20k 809 Hudson St
Presented by:
Forest City, PA 18421
Richard Milewski
Property Street address: Property City, State,
Bedrooms: 5 Baths: 2 SqFt: 2300 Built: Pre 1950 2/1 Left side apartment, 3/1 Right Notes: side apartment. Unit 1 FMR $600 month, Unit 2 FMR $700.
Emberlit Investments, LLC (570) 689-8724 [email protected]
Project Description Newer siding, roof in good condition, large back yard. On street parking. Lot is 7,405 sq. ft. Home is 37'W x 39'D. TOTAL 2016 Property Taxes: $945 Assessment: $14,500 School is C/B+, Crime is A.
% of ARV
PURCHASE/REHAB ASSUMPTIONS After-Repair Value (ARV)
65,000.00
Purchase Price
20,000.00
31%
Rehab Costs
25,000.00
38%
2,500.00
4%
-
0%
47,500.00
73%
Total Holding and Closing Costs
Total Financing Costs Total Project Cost Basis Total Amount Financed Total Cash Commited
47,500.00
PROJECTED RESULTS Projected Monthly Rent (net of vacancy)
1,273.00
Projected Monthly Expenses
546.30
Projected Monthly Net Operating Income
726.70
Cap Rate Based on Cost Basis Cap Rate Based on ARV
18.4%
Sweat Equity at End of Rehab
13.4%
Monthly Cash Flow (before-tax)
726.70
Assumed Time to Complete Rehab
2 Months
Cash-on-Cash Return (before-tax)
18.4%
Assumed Time to Lease Up
2 Months
Total Time between Acquisition and Lease-up
4 Months
Unit 1 Left Living Room
Unit 2 Right Living Room
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17,500.00
CASH FLOW SUMMARY (HOLD) Gray duplex with great ROI potential. 809 Hudson St Forest City, PA 18421 Month Purchase Closing Costs Orig/Disc Points and Loan Closing Costs Holding Costs Rehab Draws/Expenses Interest (Paid or Accrued) Total Cash Spent in Period Cumulative Financed Cumulative Cost Basis
Cash Tied up in Deal Equity Left in Deal
0
1
Richard Milewski Emberlit Investments, LLC (570) 689-8724 2
3
4
5
(20,000) (1,000) (375)
(375)
(375)
(375)
(25,000) (46,000)
0
0
0
0
(375)
(375)
(375)
(375)
0
0
0
0
0
(46,000)
(46,375)
(46,750)
(47,125)
(47,500)
47,500 65,000
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6
7
8
COMPARABLE SALES REPORT Contract Price asking $20k 809 Hudson St Property Street address: Forest City, PA 18421 Property City, State, ZIP: Bedrooms: 5 Baths: 2 SqFt: 2300 Built: Pre 1950 2/1 Left side apartment, 3/1 Right Notes: side apartment. Unit 1 FMR $600 month, Unit 2 FMR $700.
Property Street address: 625-627 Lackawanna St Forest City,
1. PA 18421
504-506 Hudson St Forest City, PA
2. 18421
601-603 Susquehanna St Forest City,
3. PA 18421
Beds Baths Sq.Ft. Date Sold
Presented by: Richard Milewski Emberlit Investments, LLC (570) 689-8724 [email protected]
Sales Price
6
2
1,584 On Market
55,000
4
2
2,600
11/30/16
50,000
5
2
2,400
11/10/16
22,000
625-627 Lackawanna St, Active
Notes
504-506 Hudson St, Forest City, PA 18421
601-603 Susquehanna St Forest City, PA 18421
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ADDITIONAL PICTURES Gray Duplex in Forest City
Unit 1 Bedroom
Unit 2 Bedroom
Unit 1 Kitchen Door
Unit 2 Kitchen
Unit 1 Bedroom 2
Unit 2 Upstairs Hall
Unit 2 Bedroom 2
Unit 2 Bathroom
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Needs floor coverings, fresh paint, a decent (but modest) bathroom and kitchen added on one side, elec. baseboard heating installed, some elec. work and plumbing, 1 exterior door. Large backyard, A+ Crime rating, B school district.
Exclusively Presented By: Richard Milewski Emberlit Investments, LLC
PA 18444 (570) 689-8724 [email protected]
Powered by www.rehabvaluator.com
MARKETING SHEET (HOLD) Contract Price asking $20k 809 Hudson St
Presented by:
Forest City, PA 18421
Richard Milewski
Property Street address: Property City, State,
Bedrooms: 5 Baths: 2 SqFt: 2300 Built: Pre 1950 2/1 Left side apartment, 3/1 Right Notes: side apartment. Unit 1 FMR $600 month, Unit 2 FMR $700.
Emberlit Investments, LLC (570) 689-8724 [email protected]
Project Description Newer siding, roof in good condition, large back yard. On street parking. Lot is 7,405 sq. ft. Home is 37'W x 39'D. TOTAL 2016 Property Taxes: $945 Assessment: $14,500 School is C/B+, Crime is A.
% of ARV
PURCHASE/REHAB ASSUMPTIONS After-Repair Value (ARV)
65,000.00
Purchase Price
20,000.00
31%
Rehab Costs
25,000.00
38%
2,500.00
4%
-
0%
47,500.00
73%
Total Holding and Closing Costs
Total Financing Costs Total Project Cost Basis Total Amount Financed Total Cash Commited
47,500.00
PROJECTED RESULTS Projected Monthly Rent (net of vacancy)
1,273.00
Projected Monthly Expenses
546.30
Projected Monthly Net Operating Income
726.70
Cap Rate Based on Cost Basis Cap Rate Based on ARV
18.4%
Sweat Equity at End of Rehab
13.4%
Monthly Cash Flow (before-tax)
726.70
Assumed Time to Complete Rehab
2 Months
Cash-on-Cash Return (before-tax)
18.4%
Assumed Time to Lease Up
2 Months
Total Time between Acquisition and Lease-up
4 Months
Unit 1 Left Living Room
Unit 2 Right Living Room
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17,500.00
CASH FLOW SUMMARY (HOLD) Gray duplex with great ROI potential. 809 Hudson St Forest City, PA 18421 Month Purchase Closing Costs Orig/Disc Points and Loan Closing Costs Holding Costs Rehab Draws/Expenses Interest (Paid or Accrued) Total Cash Spent in Period Cumulative Financed Cumulative Cost Basis
Cash Tied up in Deal Equity Left in Deal
0
1
Richard Milewski Emberlit Investments, LLC (570) 689-8724 2
3
4
5
(20,000) (1,000) (375)
(375)
(375)
(375)
(25,000) (46,000)
0
0
0
0
(375)
(375)
(375)
(375)
0
0
0
0
0
(46,000)
(46,375)
(46,750)
(47,125)
(47,500)
47,500 65,000
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6
7
8
COMPARABLE SALES REPORT Contract Price asking $20k 809 Hudson St Property Street address: Forest City, PA 18421 Property City, State, ZIP: Bedrooms: 5 Baths: 2 SqFt: 2300 Built: Pre 1950 2/1 Left side apartment, 3/1 Right Notes: side apartment. Unit 1 FMR $600 month, Unit 2 FMR $700.
Property Street address: 625-627 Lackawanna St Forest City,
1. PA 18421
504-506 Hudson St Forest City, PA
2. 18421
601-603 Susquehanna St Forest City,
3. PA 18421
Beds Baths Sq.Ft. Date Sold
Presented by: Richard Milewski Emberlit Investments, LLC (570) 689-8724 [email protected]
Sales Price
6
2
1,584 On Market
55,000
4
2
2,600
11/30/16
50,000
5
2
2,400
11/10/16
22,000
625-627 Lackawanna St, Active
Notes
504-506 Hudson St, Forest City, PA 18421
601-603 Susquehanna St Forest City, PA 18421
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ADDITIONAL PICTURES Gray Duplex in Forest City
Unit 1 Bedroom
Unit 2 Bedroom
Unit 1 Kitchen Door
Unit 2 Kitchen
Unit 1 Bedroom 2
Unit 2 Upstairs Hall
Unit 2 Bedroom 2
Unit 2 Bathroom
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