1200 Portland Avenue

Property Information:
Zoned: Double
Current use: Double up and down
Apartment 1: 2/1
Apartment 2: 2/1
Square Feet: 1924
CofO: Yes and transferable
Occupied: Both rented
Repairs: None

Balance Sheet:
$ (61,000.00) Contract Price
$ (2,000.00) Assignment Fee
$ (0.00) Estimated Repairs
$ (1,500.00) Estimated Closing Costs
$ (64,500.00) Total Investment
$ 79,000.00 FMV
$ 14,500.00 Equity

Income Statement:
$ 1,300.00 Current Rent ($650/ea)
$ 300.00 Potential Rent for Garage
$ (160.00) Property Management (10% of Gross)
$ (32.00) ***Optional Powerteam Consulting (2% of Gross)
$ (80.00) Vacancy Allottment (5% of Gross)
$ (80.00) Repair Allottment (5% of Gross)
$ (284.67) Estimated Payment (80% ltv, 7%, 30yr)
$ (232.42) Estimated Taxes
$ (50.00) Estimated Insurance
$ 680.92 Estimated Monthly Cash Flow

First Year Cash on Cash Return:
$ (12,200.00) Down Payment (20% of Contract Price)
$ (2,000.00) Assignment Fee
$ (0.00) Estimated Repairs
$ (1,500.00) Estimated Closing Costs
$ (15,700.00) Estimated Insurance
$8,171.00 Total Estimated Annual Cash Flow
52% First Year COC Return

***The optional powerteam consulting service is ideal for investors looking for a truly passive investment or for out of town investors who can't keep an eye on their properties. Investors who choose this service have the security of knowing someone is truly watching out for their interests. We create a fiduciary responsibility to the investor by entering into a contractual arrangment completely separate from all other contracts. We will ensure the selected property management company is doing its job, contracters aren't over charging, and the tenant is not damaging the property. We become the investors "feet" on the ground and represent the investor locally.