Property Update: Cash Flow Triplex For Sale 7.5% Cap Rate

0 views
Skip to first unread message

lendinghound.com

unread,
Jun 24, 2008, 7:59:28 PM6/24/08
to TampaBayRealEstateInvestors
Great income properties can be difficult to find especially with
instant equity! This is a fantastic property to add to your portfolio
especially with all the changes in first time home buyer financing.
This property has been made available to our group under the following
conditions $140k buyer to pay closing costs 30 day close with 0
concessions. Currently listed for $159,900 this is an excellent
opportunity to own a great cash flow investment at 7.5% Cap Rate!

YR.1 PV Yr Mon Inc NOI Csh Fl Yr Csh
Fl Mon Csh Fl Yr Csh Fl Equity
1 $154,000 $1,295 $10,514 $131 $1,572 $224 $2,692 $0 $43,174
2 $169,400 $1,360 $11,137 $183 $2,196 $281 $3,374 $0 $59,916
3 $186,340 $1,428 $11,789 $237 $2,847 $341 $4,086 $0 $78,383
4 $204,974 $1,499 $12,470 $294 $3,529 $402 $4,829 $0 $98,743
5 $225,471 $1,574 $13,182 $353 $4,240 $467 $5,604 $0 $121,186

Capitalization rate at purchase 7.5%
Expense ratio year 1 32.3%
Debt service coverage year 1 1.18
Price rent multiple at purchase 9.0
Payment rate (5-year) 9.36%
Deferred interest rate (5-year) 0.00%
Deferred interest as % of appreciation 0.00%

Thanks,
William Green
Business Development Loan Officer
Cell: (208) 703-7307
Email: wil...@hsmfinance.com
Office: (208) 955-0661
Fax: (208) 377-3810

Call Susan

unread,
Jul 9, 2008, 10:01:05 AM7/9/08
to TampaBayRealEstateInvestors
Is this property still available? I have a client that may be
interested. What is the address and how do I get some pictures?

Thank you

Susan Gaddis
727-403-9070
> Email:        will...@hsmfinance.com

lendinghound.com

unread,
Aug 7, 2008, 6:28:38 PM8/7/08
to TampaBayRealEstateInvestors
Please contact me directly wil...@lendinghound.com or call (800)
769-0264 We have lots of opportunities accross the nation
> > Fax:              (208) 377-3810- Hide quoted text -
>
> - Show quoted text -
Reply all
Reply to author
Forward
0 new messages