1 lebrun - loopnet€¦ · 1 lebrun 14 units tenants pay electric. two fourth ﬂoor studio, 6 one...

Property Report

1 Lebrun

United States

Presented by:

Chris GrecoGreco Real Estate

252 North St.Buffalo, New York 14201

Office: 716-884-3500Mobile: 716-570-7600

Fax: [email protected]

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation to determine accuracy.Greco Real Estate 252 North St. Buffalo New York 14201 716-884-3500 office/ 716-393-2660 Fax / 716-570-7600 Cell 1

Overview1 Lebrun

United States

Chris Greco716-884-3500

[email protected]

Purchase InfoTotal Number of Units 14Purchase Price $1,040,000Initial Cash Invested $208,000

Income Analysis Monthly AnnualNet Operating Income $6,064 $72,766Cash Flow $1,786 $21,435

Financial MetricsCap Rate (Purchase Price) 7.0%Cash on Cash Return (Year 1) 10.3%Internal Rate of Return (Year 10) 22.0%Sale Price (Year 10) $1,397,673

1 Lebrun14 UnitsTenants pay electric.Two fourth floor studio, 6 one bedroom one bath and 6 two bedroom one bath.Landlord pays common area electric, heating gas, and hot water.Coin operated laundry in basement (2 Sets).We have turned all 14 units since ownership with various upgrades to kitchens and baths.

Greco Real Estate 252 North St. Buffalo New York 14201 716-884-3500 office/ 716-393-2660 Fax / 716-570-7600 Cell 2

Purchase Analysis1 Lebrun

United States


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Purchase InfoPurchase Price $1,040,000- First Mortgage -$832,000- Second Mortgage -$0= Downpayment $208,000+ Buying Costs $0+ Initial Improvements $0= Initial Cash Invested $208,000Total Number of Units 14Cost per Unit $74,286Average Monthly Rent per Unit $762

Mortgages First SecondLoan-To-Cost Ratio 80% 0%Loan-To-Value Ratio 80% 0%Loan Amount $832,000 $0Loan Type AmortizingTerm 25 YearsInterest Rate 3.75%Payment $4,277.57 $0.00

Financial Metrics (Year 1)Annual Gross Rent Multiplier 8.1Operating Expense Ratio 40.6%Debt Coverage Ratio 1.42Cap Rate (Purchase Price) 7.0%Cash on Cash Return 10.3%

AssumptionsAppreciation Rate 3.0%Vacancy Rate 5.0%Income Inflation Rate 3.0%Expense Inflation Rate 3.0%LTV for Refinance 70.0%Selling Costs $72,800

Income Monthly AnnualGross Rent $10,670 $128,040Vacancy Loss -$534 -$6,402Laundry $80 $960Operating Income $10,216 $122,598

Expenses (% of Income) Monthly AnnualInsurance (2%) -$246 -$2,946Management Fees (5%) -$511 -$6,130Taxes (11%) -$1,125 -$13,500Utilities (8%) -$780 -$9,360Water (3%) -$338 -$4,053Snow & Lawn (2%) -$250 -$3,000Reserve for Replacement (3%) -$306 -$3,678Rubbish (1%) -$86 -$1,035Maintenance (5%) -$511 -$6,130Operating Expenses (41%) -$4,153 -$49,832

Net Performance Monthly AnnualNet Operating Income $6,064 $72,766- Mortgage Payments -$4,278 -$51,331- Year 1 Improvements -$0 -$0= Cash Flow $1,786 $21,435


Buy and Hold Projection1 Lebrun

United States


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Income Year 1 Year 2 Year 3 Year 5 Year 10 Year 20 Year 30Gross Rent $128,040 $131,881 $135,838 $144,110 $167,063 $224,519 $301,735Vacancy Loss -$6,402 -$6,594 -$6,792 -$7,206 -$8,353 -$11,226 -$15,087Laundry $960 $989 $1,018 $1,080 $1,253 $1,683 $2,262Operating Income $122,598 $126,276 $130,064 $137,985 $159,963 $214,976 $288,910

Expenses Year 1 Year 2 Year 3 Year 5 Year 10 Year 20 Year 30Insurance -$2,946 -$3,034 -$3,125 -$3,316 -$3,844 -$5,166 -$6,942Management Fees -$6,130 -$6,314 -$6,503 -$6,899 -$7,998 -$10,749 -$14,446Taxes -$13,500 -$13,905 -$14,322 -$15,194 -$17,614 -$23,672 -$31,814Utilities -$9,360 -$9,641 -$9,930 -$10,535 -$12,213 -$16,413 -$22,057Water -$4,053 -$4,175 -$4,300 -$4,562 -$5,288 -$7,107 -$9,551Snow & Lawn -$3,000 -$3,090 -$3,183 -$3,377 -$3,914 -$5,261 -$7,070Reserve for Replacement -$3,678 -$3,788 -$3,902 -$4,140 -$4,799 -$6,449 -$8,667Rubbish -$1,035 -$1,066 -$1,098 -$1,165 -$1,350 -$1,815 -$2,439Maintenance -$6,130 -$6,314 -$6,503 -$6,899 -$7,998 -$10,749 -$14,446Operating Expenses -$49,832 -$51,327 -$52,866 -$56,086 -$65,019 -$87,380 -$117,432


Buy and Hold Projection1 Lebrun

United States


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Income Analysis Year 1 Year 2 Year 3 Year 5 Year 10 Year 20 Year 30Net Operating Income $72,766 $74,949 $77,198 $81,899 $94,943 $127,596 $171,478- Mortgage Payments -$51,331 -$51,331 -$51,331 -$51,331 -$51,331 -$51,331 -$0- Improvements -$0 -$0 -$0 -$0 -$0 -$0 -$0= Cash Flow $21,435 $23,618 $25,867 $30,568 $43,613 $76,265 $171,478Cap Rate (Purchase Price) 7.0% 7.2% 7.4% 7.9% 9.1% 12.3% 16.5%Cap Rate (Market Value) 6.8% 6.8% 6.8% 6.8% 6.8% 6.8% 6.8%Cash on Cash Return 10.3% 11.4% 12.4% 14.7% 21.0% 36.7% 82.4%Return on Equity 8.3% 7.5% 7.0% 6.3% 5.4% 4.6% 6.8%

Loan Analysis Year 1 Year 2 Year 3 Year 5 Year 10 Year 20 Year 30Market Value $1,071,200 $1,103,336 $1,136,436 $1,205,645 $1,397,673 $1,878,356 $2,524,353- Loan Balance -$811,520 -$790,258 -$768,185 -$721,480 -$588,207 -$233,698 -$0= Equity $259,680 $313,078 $368,251 $484,165 $809,466 $1,644,658 $2,524,353Loan-to-Value Ratio 75.8% 71.6% 67.6% 59.8% 42.1% 12.4% 0.0%Potential Cash-Out Refi -$61,680 -$17,923 $27,321 $122,471 $390,164 $1,081,151 $1,767,047

Sale Analysis Year 1 Year 2 Year 3 Year 5 Year 10 Year 20 Year 30Equity $259,680 $313,078 $368,251 $484,165 $809,466 $1,644,658 $2,524,353- Selling Costs -$74,984 -$77,234 -$79,551 -$84,395 -$97,837 -$131,485 -$176,705= Proceeds After Sale $184,696 $235,845 $288,701 $399,770 $711,629 $1,513,173 $2,347,648+ Cumulative Cash Flow $21,435 $45,054 $70,921 $129,672 $320,875 $928,640 $2,178,614- Initial Cash Invested -$208,000 -$208,000 -$208,000 -$208,000 -$208,000 -$208,000 -$208,000= Net Profit -$1,868 $72,899 $151,622 $321,441 $824,504 $2,233,813 $4,318,262Internal Rate of Return -0.9% 17.0% 21.7% 23.6% 22.0% 19.4% 18.2%Return on Investment -1% 35% 73% 155% 396% 1,074% 2,076%


Graphs1 Lebrun

United States


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25

$14,000

$10,000

$6,000

$2,000

$12,000

$8,000

$4,000

$0155 3020100

Year

Monthly Cash Flow

25

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

$0155 3020100

Year

Loan Balance + Equity = Market Value

25

10%

15%

25%

5%

20%

0%155 3020100

Year

Internal Rate of Return (IRR)


Rent Roll1 Lebrun

United States


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Unit Description Square Feet Units of This Type Rent (Per Unit)1 0 1 $865 Per Month

2 0 1 $785 Per Month








10 0 1 $695 Per Month

11 0 1 $815 Per Month

12 0 1 $775 Per Month

13 0 1 $795 Per Month

14 0 1 $685 Per Month

Totals for Year 1Total Number of Units 14Total Area (Sum of Units) 0 Square FeetTotal Rent (Sum of Units) $10,670 Per Month, $128,040 Per Year


1 lebrun - loopnet€¦ · 1 lebrun 14 units tenants pay electric. two fourth ﬂoor studio, 6 one...

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