8 SFR home Bulk sale in SWFL. (southwest Florida)
Price $1M
For 8 SINGLE FAMILY homes, 100% rented to Buyers with LEASE OPTIONS!
One of the homes comps out at $250,000 to 300,000 in a gulf access community.
Current NOI approximation $65,000
All homes 100% rehabbed in 2010
SWFL 6.5 Cap rate in place with an 11.8% IRR over 10 year hold.
All homes 100% rehabbed in 2010
SWFL 6.5 Cap rate in place with an 11.8% IRR over 10 year hold.
ROI 128%. or 8.6 % per year
NOI $65,000 to Proforma of $73k
NOI $65,000 to Proforma of $73k
Retail Market Value $1.4M
Future value:
Future value:
Total BTCF Income $ 730,000 in 10 years of Net cash income
Selling Price: 2,000,000 to 2,500,000 Year 10 Conservative
Selling Costs: 90,000 Broker fees/ commissions
Net Proceeds: 1,910,000
Mortgage Balance: 0
Before-tax Reversion: 1,910,000
Taxes due on sale: 284,100
After-Tax reversionEq 1,625,900
Minus cost equity - 1,030.000
sum = $595,900 Profit sale if the asset sells 500ks more add 430k to this 1.25M
Plus Income + 730,000 Profit Income
Total Profit 1,325,910 or $1,755,000
ROI 128.7%
Annualized return 8.6% per year
confidential for principlas only. No Brokers REQUEST CONFIDENTIALITY AGREEMENT
Mike Rivera,
Investment Real Estate Analyst
Naples Fl
206-350-8675
MikeRivera AT Embarqmail.com
Mike Rivera, Ferrer & Associates
Investment Real Estate Analyst
Naples Fl
206-350-8675
MikeRivera AT Embarqmail.com
Mike Rivera, Ferrer & Associates
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