9-Plex Bell Rd LaFayette GA
Basics
- Category: Pending
- Type: MULTI-FAMILY
- Status: Under Construction
Proforma
- Monthly Income: $9,200
- Monthly Cash Flow: $2,352.21
- Cash on Cash Return (COC): 9.3%
- Cap Rate: 9.3%
- ROI: 19.8%
- Projected Down Payment: 25%
- Projected Closing Costs: 3%
- Loan Term: 30 Years
- Interest Rate: 6.5%
Description
-
Description:
46 Bell
- Unit 1- 2 bed 1.5 bath
- Unit 2- 2 bed 1.5 bath
- Unit 3- 2 bed 1.5 bath
- Unit 4- 2 bed 1.5 bath
56 Bell
- Unit a- 2 bed 2 full bath
- Unit b- 2 bed 1.5 bath
- Unit c- 2 bed 1.5 bath
- Unit d- 2 bed two full bath
- Unit e- 3 bed 1 bath basement
8 of the 9 units are leased currently. The vacant unit is left that way so we can update and push rental rates up 30%. Estimated $15,000 in repairs per door will be needed in order to increase rents. 6 of the 9 AC units are newer than 2016 and all water heaters are newer than 2016. New metal roof on the 5 unit and new shingle roof replaced last year on 4 unit. Newer windows throughout, brick foundation, both units are tied into the sewer. NO HOA. INSTANT EQUITY...This is a CASH COW that you will want to pass down to your posterity.
9.3% CAP
19.8% ROI
16.1% IRR
$9,200 gross monthly income and $2,352.21 estimated NET monthly income.
Ask an Agent About This Home
**All financial information is deemed reliable but not guaranteed. Performance & Projections are estimated and subject to change. The provider shall be held harmless if returns are not met. All Investments have risks and Investors are urged to perform their own due diligence. Cash flow assumptions are based off of a financed purchase with a conventional 30 year fixed mortgage rate at 6% and 25% down payment. Cash flow amounts are estimated and are subject to change.