8 UNITSRENOVATED 2019

2BED LAYOUTS

OKLAHOMA CITY, OKBroker of Record: Toby Brown

&

.................. ..$1,226

NUMBER OF UNITS ............................8AVE.MONTHLY INCOME/UNIT.... $790GROSS MONTLHY OI.................$6,320

PROPERTY

MONTHLY OPERATING INCOME

REAL ESTATE TAXES ...........................................$556

PROPERTY INSURANCE ............................ ...... . $230UTILITIES ..................................................................... $240

MAINTENANCE AND REPAIRS .................... $200

MONTHLY OPERATING

OPERATING

TOTAL OPERATING

TOTAL OPERATING INCOME ................ $75,840

EXPENSES .......... $14,712

NET OPERATING INCOME (NOI)

ANNUAL NOI ......... $61,128

MONTHLY CASH FLOW (before taxes) .....$1,873.07

CASH FLOW & ROI

ANNUALCASH FLOW (before taxes) ....$22,476.84CASH on CASH RETURN (ROI) .............................14.5%

EXA

MPL

E

Penn Oaks Cash Flow AnalysisTwo 4-Plex Buildings 2319&2325 NW 12th

Monthly Operating Income Number of Units: 8Average Monthly Rent per Unit:.........$ 750.00Total Rental Income:..........................$ 6,000.00% Vacancy and Credit Losses:............ 0.00%Total Vacancy Loss:...........................$ 0.00Other Monthly Income:.......................$ 320.00 (laundry, vending, parking, etc.):.......$ 0.00Gross Monthly Operating Income:.....$ 6,320.00Monthly Operating ExpensesRepairs and Maintenance:.................$ 200.00Real Estate Taxes:.............................$ 556.00Rental Property Insurance:................$ 230.00 Utilities- Water and Sewer :............................$ 240.00- Garbage- Cable, Phone, Internet- Pest ControlMonthly Operating Expenses:............$ 1,226.00Net Operating Income (NOI)Total Annual Operating Income:........$ Total Annual Operating Expense:......$ Annual Net Operating Income:..........$

75,840.00

14,712.00

61,128.00Capitalization Rate and ValuationDesired Capitalization Rate: .............. Property Valuation (Offer Price):.......$ Actual Purchase Price:......................$

8.15% 750,000.00 730,000.00

Actual Capitalization Rate:................ 8.37%Loan InformationDown Payment:.................................$ Loan Amount:....................................$

150,000.00 600,000.00

Acquisition Costs and Loan Fees:....$ 5,000.00Length of Mortgage (years):............... Annual Interest Rate:......................... Initial Investment:.............................$

30 5.0%

155,000.00 Monthly Mortgage Payment (PI):.......$ Annual Interest:.................................$

3,220.93 29,650.50

Annual Principal:...............................$ Total Annual Debt Service:...............$

9,000.65 38,651.15

Cash Flow and ROITotal Monthly Cash Flow:..................$ 1,873.07 (before taxes/after debt services)Total Annual Cash Flow:....................$ 22,476.84 (before taxes/after debt services) Cash on Cash Return (ROI):.............. 14.50%