beautiful belleville home
TRANSCRIPT
Beautiful Belleville Home
321 N. 41st. St.
Belleville, Il 62226
You will Love this Cozy Beautiful Belleville Home in nice neighborhood,3 bed2 bathroom, lovely basement with fireplace, with additional room or office
space. Just after the kitchen is a nice closed in sunroom!!
Darion Robinson-BeY
ST.LOUIS
3146263136
FLIGHT REPUBLIC LLC d/b/a FRP
10148 W.FLORISSANT AVE, SUITE 200, DELLWOOD MISSOURI 63136
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MARKETING SHEET (HOLD)
321 N. 41st. St.Belleville, Il 62226
Presented by:
Darion Robinson-BeYFLIGHT REPUBLIC LLC d/b/a FRP
www.flightrepublicproperties.com
Property Address:
Property City, State,
Notes:
Bedrooms: 3 Baths: 2 SqFt: 2,183 Built: 1950
This property has already been rehabbed however there is very light touch ups that are neededfor this property, as you will see in the pictures. There are no appliances in this property.
Project Description
Purchase Price
After-Repair Value (ARV)
Total Financing CostsTotal Project Cost BasisTotal Amount FinancedTotal Cash Commited
124,000.00
% of ARV
3,000.00
-
83,000.00
-
83,000.00
15,000.00
65,000.00 52%
12%
2%
0%
67%
Total Holding and Closing Costs (not inc. Refi)
PURCHASE/REHAB ASSUMPTIONS
Rehab Costs
Living Room Living Room leads to another living room/ dining room
PROJECTED RESULTS
Projected Monthly Net Operating Income
Projected Monthly Expenses
Projected Monthly Rent (net of vacancy)
Cap Rate Based on Cost BasisCap Rate Based on ARV
900.00 Projected New Loan Amount (for Refi)
Cash-Out at Refi (net of closing costs)
Cash Left in the Deal after Refi
Monthly Cash Flow (before-tax)
105,400.00
Cash-on-Cash Return (before-tax)
9.7%
6.5%
0 Months
4 Months
670.00
230.00
19,238.00
-
18,600.00
(31.23)
infinite
0.96
102,238.00
Profit at Refi
Equity Left in the Deal after Refi
DCR of New Loan
Assuming 7% Rate and 30 Year Amortization4 Months
Assumed Time to Complete Refi
Total Time between Acquisition and Refi
Assumed Time to Complete Rehab
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CASH FLOW SUMMARY (HOLD)
Month 0 3 4 5 6 7 821PurchaseClosing CostsOrig/Disc Points and Loan Closing CostsHolding Costs
Interest (Paid or Accrued)Total Cash Spent in Period
Cumulative Cost Basis
Refinance: New Loan AmountClosing Costs on New LoanPayOff Existing LoanCash Out at Refi
(65,000)
(1,500)
(375)(375) (375)(375)
0
(3,750)
0
(3,750)(3,750)
00
(3,750)
(66,500)
(74,750)
(4,125)
(70,625)
(4,125)(4,125)
(83,000)(78,875)
(4,125)
(66,500)
105,400
(3,162)
0
102,238
19,238
Belleville Property321 N. 41st. St.
Belleville, Il 62226 3146263136FLIGHT REPUBLIC LLC d/b/a FRP
Darion Robinson-BeY
Profit to Investor at Refi
Cumulative Financed 00 0 00
69.53%Return on Cash Investment (annualized)0Cash Tied up in Deal
18,600Equity Left in Deal
Rehab Draws/Expenses
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COMPARABLE SALES REPORT
321 N. 41st. St.Belleville, Il 62226
Presented by:Darion Robinson-BeY
FLIGHT REPUBLIC LLC d/b/a FRP3146263136
Property Address:Property City, State, ZIP:
Notes:
Bedrooms: 3 Baths: 2 SqFt: 2,183 Built: 1950
Hot Deal Jump on it Fast !!!!!
1904 Stevens St Belleville IL
Property Address:
3 2 1,711 05/22/2017 143,000
Beds Baths Sq.Ft. Date Sold Sales Price Notes
1,120 132,0001 04/10/2017317 S 30th St Belleville IL
2,400 128,5002 09/01/2017320 Cambridge Dr Belleville IL
3 1,750 125,0002728 Foster Dr Belleville IL 06/01/2017
3 1,292 107,00011812 Jay Ave Swansea IL 04/03/2017
105,00039 Justice Dr Belleville IL 24 1,344 05/31/2017
2,402 102,50009/18/201743531 Sheridan Ave Belleville IL 3
1820 W Belle St Belleville IL 1,758 102,0002 1 07/12/2017
2,052 100,0003 10/31/2017229 N Cape Ct BELLEVILLE IL
1,226 96,5002 05/22/201717 Glen Grv Belleville IL
Beautiful Sunroom
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
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ADDITIONAL PICTURES
Fully renovated Bathroom with jet bathtub The Master Bath has a walk in shower only
Master Bedroom brand new ceiling fan Master Bedroom
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ADDITIONAL PICTURES
2nd upstairs Bedroom 2nd upstairs Bedroom
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REHAB BUDGET
Belleville Property
Lump Sum Budget: 15000.00
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