80 Door Package
Property Description
80-Door Portfolio Summary -- NW Ohio Acquisition Price: $9,999,315.00 ($124,991.00 / door) Asset Mix: 79 buildings / 80 doors (78 single-family homes + 1 duplex) Occupancy: 95% stabilized (5% vacancy rate) Financial & Return Metrics: Average Rent / Door: $1,170.04/month Gross Monthly Income: $93,603.20 Gross Annual Income: $1,123,238.40 Expense Ratio: 28.78% Net Operating Income (NOI): $799,945.27 / year Cap Rate: 8.00% Estimated Annual Debt Service: $636,101.28 Debt Service Coverage Ratio (DSCR): 1.26 Net Monthly Cash Flow: $13,635.67 Annual Cash Flow: $163,628.04 Pre-Value-Add, Cash-on-Cash Return (CoC): 6.55% Key Upside: In-place cash flow from day one with ~95% occupancy. Major value-add potential: While many of the units are stabilized, many units sit below market rent, offering immediate revenue expansion on lease renewals and operational mark-to-market.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $9,999,315 |
| No. of Units: | 80 |
| Opportunity Zone: | No |
| Price per unit: | $124,991 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-WCAROH-311652
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