Cash Flow Single Family Homes for Investors

Key Value Indicators (Neutral Assumptions)   Actuals     Purchase Price: $64,900     CAP rate 9.05%     GRM 5.16     $/Sq. Ft.: $68.39     …

Key Value Indicators (Neutral Assumptions)
 
Actuals
 
 
Purchase Price:
$64,900
 
 
CAP rate
9.05%
 
 
GRM
5.16
 
 
$/Sq. Ft.:
$68.39
 
 
$/Unit:
$64,900
 
 
 
No tax benefits included
 
 
EXPECTED ANNUAL CASH FLOW
8.24%
 
 
TOTAL ROI annualized
50-55%
 
 

 

 

 

 

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About the Subject Property
We are acquiring the property at the steep discount of 82% from its previous loan amount of $355,500. In other words, we are acquiring the property for roughly $0.18 cents on the dollar.  To further underscore the discount at which we are getting this asset, it is over 60% lower than were the property sold in 1989. Back in 1989, it sold for $101,000. 
 
This subject property is a 3 bedroom, one bathroom single family home duet located in Antioch’s rapidly developing region. The immediate vicinity is a warm residential community with single family residences. We are able to obtain the property at a deep discount to comparable homes. On a price per square foot, the property is well below replacement value. 
 
The property is conveniently situated near many main transportation thoroughfares and public transportation hubs. The subject property is 0.25 miles away from highway 4 and in close proximity to the Amtrak train station.  Highlighting its central location, within a one mile radius, three different shopping malls are located.  
 
Property Highlights:
  • No Rent Control
  • Very Significant Rental Upside
  • Low vacancy area
  • Large Lot
To request information regarding this investment opportunity, and others we currently have, please contact us!
Cynthia Alvarez
Lakeside Investment Company
P: 510.740.1442
 
 
Cynthia@LakesideCompany.com
 
 
 



 

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