four plex presentationc...Colorado Springs, CO 80918 4 4 Buildings / 73 Units Located in the...
Transcript of four plex presentationc...Colorado Springs, CO 80918 4 4 Buildings / 73 Units Located in the...
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Project Location
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, 152 Unit Fourplex and Townhome Development (N. Academy and Vickers)
, 390 lot Single Family Development (NE of Shoup Rd. and Vollmer Rd.)
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, 112 Unit Fourplex Development
Colorado Springs, CO 80920
, 152 Unit Fourplex and Townhome
Colorado Springs, CO 80918
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Buildings / 73 Units
Located in the esteemed School District 20
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• Gated Community
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Projected ROI/ Cash Flow for Villas at Northgate 6 Sales Price 1,400,000.00$ 1,400,000.00$
Monthly Rental Income per unit: $2,500.00 $2,300.00
Income
Gross Monthly Rental Income $10,000.00 9,200.00$
Other Income
Gross Monthly Income $10,000.00 9,200.00$
Expenses
Property Taxes 375.00$ 375.00$
Insurance 300.00$ 300.00$
Other - HOA 300.00$ 300.00$
Maintenance/Repairs 5% 500.00$ 460.00$
Vacancy Allowance 3% 300.00$ 276.00$
Less total expenses 1,775.00$ 1,711.00$
Less Debt Service (25% dn,3.875% IR, 30 yrs) 4,937.49$ 4,937.49$
Net Monthly Cash Flow $3,287.51 2,551.51$
Net Annual Cash Flow 39,450.13$ 30,618.13$
Cap Rate 7.1% 6.4%
Note: 1. Rents pay off Asset.
2. Add Appreciation and Tax Benefits
This information is deemed reliable, but not guaranteed. Buyer to verify all information.
Individual Tax situations differ. Check with your CPA to verify.
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7 Comparable quality 3 Bed, 2 Bath rentals
available in Northgate ➢ Bella Springs Apartments, 1050 Milano Point. 3 Bed, 2 Bath
1337 Sq Ft. Starts at $2,202 per month.
➢ Allison Valley Apartments, 11320 New Voyager Heights.3
Bed, 2 Bath 1334 Sq Ft. $1,936-2,351 per month.
➢ Talon Hill Apartment Homes, 1640 Peregrine Vista Heights. 3
Bed, 2 Bath, 1339 Sq Ft. $1,705-5169 per month.
NOTE ADDITIONS FOR ALL PER MONTH: Garage ($100-125 PER CAR),
250’ Storage Unit is $245, according to Cube Smart self-storage
website
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Two Story Elevations
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Two-Story Floor Plans- Main Level
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Two-Story Floor Plans- Upper Level
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Lot layout
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Pictures of Earth tone Color Scheme
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a
s Description of Unit Interior
Features
➢ Choice of Color Scheme, Gray shown to left
➢ Granite Countertops
➢ Stainless Steel appliances
➢ Fireplace in Living Room
➢ High/Vaulted Ceilings
➢ 3 Bedrooms
➢ 2.5 Bath
➢ Approximately 1470 sq ft finished living space and
730 sq ft unfinished basement with a standard unit
➢ 2 car garage
➢ Full sized washer and dryer
➢ Brushed-Nickel light fixtures
Options (Additional Cost)
➢ Will be able to alter/upgrade flooring (as shown on
pages 12 and 13), countertops, or appliances
➢ Will be able to completely finish basement which
totals to about 2200 sq ft of finished space
➢ Double sink (as shown on page 12)
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