woodcliff condos

Woodcliff Condos

Turn-Key Real Estate with Big Back End Profit PotentialProperty Discount: 31% off of the Appraised Value

Fully Rehabbed and Occupied with Lease Option Buyers42% - 73% First Year Cash on Cash Return

14.74 Cap Rate

Investor Overview

• Whitehall Schools ($78 Million in New Schools)• Across from Country Club• Beside Indoor/Outdoor Driving Range• Backs up to a park with Playgrounds, 4 Baseball

Diamonds, 4 Soccer Fields, Basketball Courts • Beside High end car dealer• Close to I-270• Public Transportation Right out front of the

complex• Close to Easton Town Center• Close to Mt. Carmel East

Great Location:

Investor Overview

• New Windows, Kitchens, Bathrooms, Flooring, Paint, Furnace, Hot Water Tanks, Electric Panel

• Updated plumbing and electric• Flooring: Mostly Ceramic Tile and Hardwood

Floors – Durable• More than $1.5 Million in new construction in

the complex to date

Great Construction:

Investor Overview• Great Monthly Cash-flow• Huge $15,000 (+) Back End• $2000 Cash at Closing• Incredible Return on Investment

Great Financials:

Great Purchase Terms:• $45,000• $2000 Cash Back at Closing for Lease Option

Buyer’s Option Fee• 4.75-5.25%• 15-25 year Amortization• 15%-25% down Options

Investor Overview• $700 per month• $1500-$3000 Down• $64,900 Purchase Price• $100 Monthly Credit contingent upon the

tenant/buyer attending our HUD Certified Home Buyers Program

• Lease Options have a high conversion because of Credit Coaching Classes.

Great Lease Option Buyer:

Prepared by Brian M Hopkins Inc.

4236 Nipigon Dr. Columbus OH 43207

Appraisal of $64,596March 8, 2012

$78 Million in New Schools

Monthly Income $700.00Monthly ExpensesTaxes $40.00Insurance $15.00Condo HOA $60.00Vacancy $21.00Management Fee $21.00TOTAL Monthly Expenses $157.00

Monthly Cash Flow $543.001st Mort. (75%): ($33K @ 5% 20 yrs.) $217.79Monthly Cash Flow after Debt Service $325.21Yearly Cash Flow after Debt Service $3902.52

Condo with 25% DownCash Flow

*Disclaimer: Returns based upon the projected numbers in this example and may be subject to change.

$64,900 (Lease Option Sales Price)Less: $2,000 (Lease Option Resident Option Fee)Less: $2,400 ($100 Monthly Rent Credit)= $60,500

$45,000 (Purchase Price)Less: $2,000 (Option Fee)=$43,000 (Acquisition Cost to Investor after Credit)

Net Proceeds at Sale = $17,500 Profit

Condo with 25% DownProperty Sale

$11,250 Down Payment$2000 Cash Back at Closing$9,250 Cash Out of Pocket

$3,902.52 First Year Cash-flow42% First Year Cash on Cash Return

*Disclaimer: Returns based upon the projected numbers in this example and may be subject to change.

Monthly Income $700.00Monthly ExpensesTaxes $40.00Insurance $15.00Condo HOA $60.00Vacancy $21.00Management Fee $21.00TOTAL Monthly Expenses $157.00

Monthly Cash Flow $543.001st Mort. (75%): ($33K @ 5% 20 yrs.) $252.43Monthly Cash Flow after Debt Service $290.57Yearly Cash Flow after Debt Service $3486.84

Condo with 15% DownCash Flow

*Disclaimer: Returns based upon the projected numbers in this example and may be subject to change.

$64,900 (Lease Option Sales Price)Less: $2,000 (Lease Option Resident Option Fee)Less: $2,400 ($100 Monthly Rent Credit)= $60,500

$45,000 (Purchase Price)Less: $2,000 (Option Fee)=$43,000 (Acquisition Cost to Investor after Credit)

Net Proceeds at Sale = $17,500 Profit

Condo with 15% DownProperty Sale

$6,750 Down Payment$2000 Cash Back at Closing$4,750 Cash Out of Pocket

$3,486.84 First Year Cash-flow73% First Year Cash on Cash Return

*Disclaimer: Returns based upon the projected numbers in this example and may be subject to change.

Commercial Investor Returns

Returns Based on 25% Down (20.6% Down)# of Units Purchased

Monthly Cash Flow

Annual Cash Flow

Investment (25% Down)

Cash Back at Closing

Total Investment

1st Year Cash on Cash Return

1 $325.21 $3,902.52 $11,250.00 $2,000.00 $9,250.00 42%

25 $8,130.25 $97,563.00 $281,250.00 $50,000.00 $231,250.00 42%

50 $16,260.50 $195,126.00 $562,500.00 $100,000.00 $462,500.00 42%

75 $24,390.75 $292,689.00 $843,750.00 $150,000.00 $693,750.00 42%

100 $32,521.00 $390,252.00 $1,125,000.00 $200,000.00 $925,000.00 42%

150 $48,781.50 $585,378.00 $1,687,500.00 $300,000.00 $1,387,500.00 42%

200 $65,042.00 $780,504.00 $2,250,000.00 $400,000.00 $1,850,000.00 42%

*Disclaimer: Returns based upon the projected numbers in this example and may be subject to change.

Commercial Investor Returns

Returns Based on 15% Down (10.6% Down)# of Units Purchased

Monthly Cash Flow

Annual Cash Flow

Investment (15% Down)

Cash Back at Closing

Total Investment

1st Year Cash on Cash Return

1 $290.57 $3,486.84 $6,750.00 $2,000.00 $4,750.00 73%

25 $7,264.25 $87,171.00 $168,750.00 $50,000.00 $118,750.00 73%

50 $14,528.50 $174,342.00 $337,500.00 $100,000.00 $237,500.00 73%

75 $21,792.75 $261,513.00 $506,250.00 $150,000.00 $356,250.00 73%

100 $29,057.00 $348,684.00 $675,000.00 $200,000.00 $475,000.00 73%

150 $43,585.50 $523,026.00 $1,012,500.00 $300,000.00 $712,500.00 73%

200 $58,114.00 $697,368.00 $1,350,000.00 $400,000.00 $950,000.00 73%

*Disclaimer: Returns based upon the projected numbers in this example and may be subject to change.

Commercial Investor Returns

Back End Profit Potential# of Units Purchased Net Proceeds at Sale

1 $17,500.0025 $437,500.0050 $875,000.0075 $1,312,500.00

100 $1,750,000.00150 $2,625,000.00200 $3,500,000.00

*Disclaimer: Returns based upon the projected numbers in this example and may be subject to change.

Our Bank OptionsCliff Lanthorn - Vice President - The Commercial Savings Bank 937 High St. Suite 201Worthington, Oh 43085 Office: 614-430-9780

Fax: 614-430-9781clifford.lanthorn@csbanking.com

Terms: 25% Down, 4.75% - 5.25 %, 5/1 ARM, 20 year AM, 5 Condo Limit, Will allow seller carry of 15%

Mary Ann Potter Lewis – V.P. Commercial & Portfolio Lending – First Bexley Bank 2680 E Main St. Bexley, OH. 43209 Office: 614 237 8000 Cell: 614 620 7335

Fax: 614 231 3032mapl@firstbexleybank.com

Terms: 25% Down, 4.75% - 5.25%, 5/1 ARM, 25 Year AM, No restrictions on number allowed, Will allow seller carry of 15%

Julie Grefe – Commercial Lender – Friendly Bremen Bank 521 E. Main St. Lancaster, OH 43130

Office: 740 687 3920Julie.grefe@friendlybremenbank.com

Terms: 15% down, 4.75% - 5.25%, 5/1 ARM, 20 year AM, No restrictions on number allowed, Will not allow seller carry.

John Steele – Commercial Lender – Cooper State Bank 6950 East Main Street Reynoldsburg, OH 43068 Office: 614 408 0375 Cell: 614 408 0265 Terms: 20% Down, 4.75% - 5.25%, 1/3/5

ARMWe do not have a preference on which bank you use, however, these banks are already familiar with

our project and have expressed interest in funding this project to other investors.

Our lease Option Qualifying Rules

• Job Time: 1 Year• Gross Income: $2100 Verified• No evictions, foreclosures or bankruptcies in last 24 months• No back owed child support• No Back owed taxes• No Lawsuits in last 24 months• No Felonies in last 60 months• No Gun charges in last 5 years• No Soliciting Charges in last 36 months• No Drug charges in last 36 months• No Assault or domestic violence in last 36 months

These are the guidelines we follow when we are qualifying the lease option candidates

Traffic CountBroad Street – Outside of the Model unit

Hamilton Road (at corner of Broad & Hamilton)

Local ID: 33 003EDirection: 2-WayLocated on: Broad St.Count: 25,475 (2011)

Local ID: 33 003NDirection: 2-WayLocated on: Hamilton Rd.Count: 19,389 (2011)

Jeff Kowalczuk- 614-390-DEALwww.ColumbusWholesaleProperties.com