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East Hollywood Fourplex 1710 N 17 Ave | Hollywood, FL 33020

JOHN DEMARCO, ACP954-678-8733JohnDeMarco@Remax.net

Great income opportunity, huge earnings potential➢

Tropical paradise in East Hollywood A+++ location➢

Fully renovated property➢

Booked for several months from now➢

9.48% capitalization rate➢

RE/MAX 5 STAR REALTY4151 Hollywood BlvdHollywood, FL 33020(954) 361-0000

INVESTMENT DETAILS1710 N 17 Ave | Hollywood, FL 33020

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

Analysis

Analysis Date October 2017

Property

Property East Hollywood Fourplex

Property Address 1710 N 17 AveHollywood, FL 33020

Year Built 1970

Financial Information

Down Payment $194,700

Closing Costs $4,700

Purchase Information

Property Type MultiFamily

Purchase Price $625,000

Units 4

Total Rentable Sq. Ft. 3,053

Loans

Type Debt Term Amortization Rate Payment LO Costs

Fixed $454,300 20 years 20 years 4.0% $2,753 $4,543

Income & Expenses

Gross Operating Income $87,174

Monthly GOI $7,265

Total Annual Expenses ($27,915)

Monthly Expenses ($2,326)

Contact Information

John DeMarco, ACP

954-678-8733

JohnDeMarco@Remax.net

P. 2

EXECUTIVE SUMMARY1710 N 17 Ave | Hollywood, FL 33020

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

Acquisition Costs

Purchase Price, Points and Closing Costs $634,243

Investment - Cash $203,943

First Loan $454,300

Investment Information

Purchase Price $625,000

Price per Unit $156,250

Price per Sq. Ft. $204.72

Income per Unit $25,050

Expenses per Unit ($6,979)

Income, Expenses & Cash Flow

Gross Scheduled Income $100,200

Total Vacancy and Credits ($13,026)

Operating Expenses ($27,915)

Net Operating Income $59,259

Debt Service ($33,036)

Cash Flow Before Taxes $26,223

Financial Indicators

Cash on Cash Return Before Taxes 12.86%

Debt Coverage Ratio 1.79

Capitalization Rate 9.48%

Gross Rent Multiplier 6.24

Gross Income / Square Feet $32.82

Gross Expenses / Square Feet ($9.14)

Operating Expense Ratio 32.02%

P. 3

PROPERTY DESCRIPTION1710 N 17 Ave | Hollywood, FL 33020

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

     Great 4 unit building located in desirable east Hollywood Florida. Excellent location only 1 mile from famousHollywood Beach and closed proximity to Downtown Hollywood. Property is currently being run and managed  primarilyas an AirBnB weekly / monthly rental property. Fully renovated property and exquisite landscaping make it a greatinvestment opportunity. Beautiful private yard with fire pit, hot tub and a zen garden and much more. The property iscurrently booked with reservation 2 years from now. Tenants enjoy a lounge on the back yard which is truly a tropicalparadise. 

      The units consist of 2 large 2 bedrooms and 2 studios.           

      This property is currently grossing $100,200 per year, netting $59,259. This NOI provides an investor with a verystrong 9.48% capitalization rate. 

    Property is easy to show for all appointments call listing agent in advance. 

P. 4

PROPERTY PHOTOS1710 N 17 Ave | Hollywood, FL 33020

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

Unit 1 Living Room Unit 1 Dining Room

Unit 3 Bedroom Unit 3 Bedroom

Unit 2 Dining Area Unit 2 Kitchen

P. 5

1710 N 17 Ave | Hollywood, FL 33020

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

Reviews (216) Reviews From Guests

Joshua: Amazing hosts. Great house, super comfortable and cozy. 10 minutes from the beach, 15 minutes from FLL and about 45 minutes from Miami. Definitely recommend. From Philadelphia, PA · June 2017 · Serghei: We will definitely stay again!!!! From Watertown, MA · May 2017 · Olga: Our first Airbnb experience was awesome! We loved the apartment (for 4 people); it was very neat, spacious, and quiet. The location was great - we loved how close it was to Hollywood beach! All needed accessories were provided. The garden outside was beautiful, and the grill was a great addition! I would definitely stay here again in the future. The only downside we found was the WiFi - with 4 people using phones/computers, it was pretty slow. Otherwise, everything was wonderful and convenient. Thank you for showing us South Florida's best! :)

Response from Sandy & Ed: Thank you Olga for your awsome review. I want to inform you that we upgraded our WiFi router so it can handle multiple users. We do provide Comcast high speed Internet and it is working great. Ed and Sandy From Columbus, OH · May 2017 ·

Aiko: Sandy and Ed were very good with communicating, making sure that I didn't have any questions or there is no issues. There were very kind and flexible. The place is clean, quiet, a little small but has everything you need,

P. 6

1710 N 17 Ave | Hollywood, FL 33020

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

and the garden is just beautiful. Grocery stores were close by, and even whole food was not too far that I could get some good bread and other items. Tarks, a local oyster bar(my favorite) is around the corner, and the beach is 5 mins away. We had such a wonderful time staying at their place. From Baltimore, MD · May 2017 · Richard: Very quiet and clean. Lots of privacy. Low key. Will def rent again. From Miami, FL · May 2017 · Javier: Great place! Located near everything you need, was not disappointed whatsoever! From Clermont, FL · May 2017 · Collin: This place is amazing, I'll definitely come back. Very homey and comfortable Lore & Gio: My husband and I spent a weekend at Sandy and Ed's place. The place was clean, good A/C and WiFi signal. Great amenities. We had a romantic dinner at their beautiful patio which make us feel we were at a bistro in Paris. The place had everything we need and they welcomed our doggie Luna. Alan: The location was very quiet and safe. It was close within 10 miles of Fort Lauderdale and Pompano Beach, where we spent most of our time. The neighborhood was nice and the outdoor space is welcoming. Highly recommend to anyone wishing to stay in this area! Ted: This is a really cute place, an oasis in Hollywood. And it's equipped with everything from crockpot and blender in the kitchen down to Q-tips and cotton balls in the bathrooms. The rooms are spacious comfortable and well organized. There is storage and closet space. It's very private once inside the private patios. It's convenient to beaches, shopping, restaurants, jai alai, thoroughbred racing, and Casino's. This is a great value and we will definitely be back! Thanks so much Ed and Sandy for this great Airbnb. We loved it! December 2016

P. 7

MAPS AND AERIALS1710 N 17 Ave | Hollywood, FL 33020

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection byand/or with the appropriate professionals.

P. 8

DEMOGRAPHICS1710 N 17 Ave | Hollywood, FL 33020

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

Population 1 Mile 3 Mile 5 Mile

Male 10,054 (50.73 %) 55,258 (48.90 %) 118,615 (48.43 %)

Female 9,763 (49.27 %) 57,746 (51.10 %) 126,290 (51.57 %)

Total Population 19,817 113,004 244,905

Age Breakdown 1 Mile 3 Mile 5 Mile

Ages 0-4 791 (3.99 %) 4,791 (4.24 %) 11,275 (4.60 %)

Ages 5-9 1,057 (5.33 %) 6,110 (5.41 %) 14,497 (5.92 %)

Ages 10-14 977 (4.93 %) 5,692 (5.04 %) 13,724 (5.92 %)

Ages 15-19 883 (4.46 %) 5,309 (4.70 %) 13,087 (5.34 %)

Ages 20-24 907 (4.58 %) 5,310 (4.70 %) 12,934 (5.28 %)

Ages 25-29 953 (4.81 %) 5,455 (4.83 %) 12,896 (5.27 %)

Ages 30-34 1,091 (5.51 %) 5,938 (5.25 %) 13,284 (5.42 %)

Ages 35-39 1,320 (6.66 %) 6,832 (6.05 %) 14,603 (5.96 %)

Ages 40-44 1,574 (7.94 %) 7,889 (6.98 %) 16,436 (6.71 %)

Ages 45-49 1,767 (8.92 %) 8,762 (7.75 %) 17,993 (7.35 %)

Ages 50-54 1,765 (8.91 %) 8,736 (7.73 %) 17,936 (7.32 %)

Ages 55-59 1,596 (8.05 %) 8,286 (7.33 %) 16,923 (6.91 %)

Ages 60-64 1,326 (6.69 %) 7,428 (6.57 %) 15,214 (6.21 %)

Ages 65-69 1,086 (5.48 %) 6,409 (5.67 %) 13,085 (5.34 %)

Ages 70-74 823 (4.15 %) 5,370 (4.75 %) 11,036 (4.51 %)

Ages 75-79 614 (3.10 %) 4,407 (3.90 %) 9,083 (3.71 %)

Ages 80-84 412 (2.08 %) 3,369 (2.98 %) 7,022 (2.87 %)

Ages 85+ 875 (4.42 %) 6,911 (6.12 %) 13,877 (5.67 %)

P. 9

DEMOGRAPHICS1710 N 17 Ave | Hollywood, FL 33020

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

Household Income 1 Mile 3 Mile 5 Mile

Median Income $32,205 $47,141 $46,906

Less than $10,000 958 4,511 9,397

$10,000 -$14,999 648 3,276 6,248

$15,000 - $19,999 724 3,972 6,819

$20,000 -$24,999 790 2,858 6,451

$25,000 - $29,999 730 3,909 7,087

$30,000 - $34,999 626 2,909 6,240

$35,000 - $39,999 585 2,767 5,765

$40,000 - $44,999 585 3,000 5,756

$45,000 - $49,999 417 2,398 4,939

$50,000 - $59,999 652 4,377 8,352

$60,000 - $74,999 829 4,676 10,069

$75,000 - $99,999 568 5,313 11,000

$100,000 - $124,999 636 3,388 6,411

$125,000 - $149,999 180 1,627 3,483

$150,000 - $199,999 154 1,509 3,269

Greater than $200,000 192 1,734 4,351

Housing 1 Mile 3 Mile 5 Mile

Housing Units 11,824 70,207 139,409

Occupied Units 9,727 54,146 107,915

Owner Occupied Units 4,249 28,677 63,774

Renter Occupied Units 5,478 25,469 44,141

Vacant Units 2,097 16,061 31,494

Race Demographics 1 Mile 3 Mile 5 Mile

Population Non Hispanic White 15,512 84,058 177,780

Population Black 3,258 22,251 50,549

Population Am In/Ak Nat 6 44 467

P. 10

UNIT MIX REPORT1710 N 17 Ave | Hollywood, FL 33020

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

Units Type Approx. SqFt Avg. Rents Monthly Mkt Rents Monthly

1 Residential 2/2 1000 $2,500 $2,500 $2,500 $2,5001 Studio 600 $1,800 $1,800 $1,800 $1,8001 Residential 2/1 1000 $2,400 $2,400 $2,400 $2,4001 Studio 453 $1,650 $1,650 $1,650 $1,6504 3,053 $8,350 $8,350

UNIT MIX UNIT MIX SQUARE FEET

● Residential 2/2

● Studio

● Residential 2/1

● Studio

● Residential 2/2

● Studio

● Residential 2/1

● Studio

UNIT MIX INCOME UNIT MIX MARKET INCOME

● Residential 2/2

● Studio

● Residential 2/1

● Studio

● Residential 2/2

● Studio

● Residential 2/1

● Studio

P. 11

DETAILED GENERAL EXPENSES1710 N 17 Ave | Hollywood, FL 33020

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection byand/or with the appropriate professionals.

Description Year 1 Year 2 Year 3 Year 4 Year 5

Total Expenses ($27,915) ($28,175) ($28,437) ($28,702) ($28,969)

Accounting ($750) ($750) ($750) ($750) ($750)

Advertising ($3,000) ($3,030) ($3,060) ($3,091) ($3,122)

Building Insurance ($1,700) ($1,717) ($1,734) ($1,752) ($1,769)

General Supplies ($1,200) ($1,212) ($1,224) ($1,236) ($1,249)

Maintenance ($3,600) ($3,636) ($3,672) ($3,709) ($3,746)

Management Fees ($8,000) ($8,080) ($8,161) ($8,242) ($8,325)

Taxes - Real Estate ($2,585) ($2,611) ($2,637) ($2,663) ($2,690)

Trash Removal ($1,200) ($1,200) ($1,200) ($1,200) ($1,200)

Utilities - Water ($2,040) ($2,060) ($2,081) ($2,102) ($2,123)

Utility - Electricity ($3,000) ($3,030) ($3,060) ($3,091) ($3,122)

Utility - Landscaping ($840) ($848) ($857) ($865) ($874)

P. 12

CUMULATIVE WEALTH ANALYSIS1710 N 17 Ave | Hollywood, FL 33020

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection byand/or with the appropriate professionals.

Year 1 2 3 4 5

$29,000

$58,000

$87,000

$116,000

$145,000

$174,000

$203,000

$232,000

$261,000

$290,000

Legend

Equity (loan reduction) Equity (appreciation) CASH FLOW (a/t)

P. 13

CASH FLOW ANALYSIS1710 N 17 Ave | Hollywood, FL 33020

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection byand/or with the appropriate professionals.

Description Year 1 Year 2 Year 3 Year 4 Year 5

GROSS SCHEDULED INCOME $100,200 $105,210 $110,471 $115,994 $121,794

Turnover Vacancy ($13,026) ($13,677) ($14,361) ($15,079) ($15,833)

Total Operating Expenses ($27,915) ($28,175) ($28,437) ($28,702) ($28,969)

NET OPERATING INCOME $59,259 $63,358 $67,672 $72,213 $76,991

Loan Payment ($33,036) ($33,036) ($33,036) ($33,036) ($33,036)

NET CASH FLOW (b/t) $26,223 $30,322 $34,637 $39,177 $43,956

Cash On Cash Return b/t 12.86% 14.87% 16.98% 19.21% 21.55%

* b/t = before taxes;a/t = after taxes

P. 14

FINANCIAL INDICATORS1710 N 17 Ave | Hollywood, FL 33020

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection byand/or with the appropriate professionals.

Description Year 1 Year 2 Year 3 Year 4 Year 5

Gross Rent Multiplier 6.48 6.17 5.87 5.60 5.33

Capitalization Rate 9.48% 10.14% 10.83% 11.55% 12.32%

Cash On Cash Return b/t 12.86% 14.87% 16.98% 19.21% 21.55%

Cash On Cash Return a/t 12.86% 14.87% 16.98% 19.21% 21.55%

Debt Coverage Ratio 1.79 1.92 2.05 2.19 2.33

Gross Income per Sq. Ft. $32.82 $34.46 $36.18 $37.99 $39.89

Expenses per Sq. Ft. ($9.14) ($9.23) ($9.31) ($9.40) ($9.49)

Net Income Multiplier 10.95 10.24 9.59 8.99 8.43

Operating Expense Ratio 32.02% 30.78% 29.59% 28.44% 27.34%

Loan To Value Ratio 67.67% 65.24% 62.71% 60.08% 57.35%

* b/t = before taxes; a/t = after taxes

P. 15

EQUITY VS. DEBT1710 N 17 Ave | Hollywood, FL 33020

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection byand/or with the appropriate professionals.

Year 1 2 3 4 5

$44,000

$88,000

$132,000

$176,000

$220,000

$264,000

$308,000

$352,000

$396,000

$440,000

Legend

Equity Loan Principal Balance

P. 16

INVESTMENT RETURN ANALYSIS1710 N 17 Ave | Hollywood, FL 33020

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection byand/or with the appropriate professionals.

Description Year 1 Year 2 Year 3 Year 4 Year 5

Cash Flow - To Date $26,223 $56,546 $91,183 $130,360 $174,316

Net Resale Proceeds $204,354 $214,386 $225,060 $236,402 $248,677

Invested Capital ($203,943) ($203,943) ($203,943) ($203,943) ($203,943)

Net Return on Investment $26,635 $66,989 $112,300 $162,819 $219,050

Internal Rate of Return 13.06% 16.16% 17.59% 18.56% 19.33%

Modified IRR 13.06% 15.26% 15.75% 15.80% 15.71%

NPV (cash flow + reversion) $32,120 $78,198 $129,233 $185,476 $247,193

PV (NOI + reversion) $708,259 $771,617 $839,289 $911,503 $988,494

* a/t = after taxes; Modified IRR = Modified Internal Rate of Return; PV = Present Value; NPV = Net Present Value; NOI = Net Operating Income

P. 17

OPERATING INCOME ANALYSIS1710 N 17 Ave | Hollywood, FL 33020

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection byand/or with the appropriate professionals.

Year 1 2 3 4 5

$11,000

$22,000

$33,000

$44,000

$55,000

$66,000

$77,000

$88,000

$99,000

$110,000

Legend

GROSS OPERATING INCOME NET OPERATING INCOME NET CASH FLOW (b/t)

P. 18

LOCATION MAP1710 N 17 Ave | Hollywood, FL 33020

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

P. 19

CITY OF HOLLYWOOD

From the sand to the city, Hollywood is Broward County’s hot spot.

2

Advantages of Hollywood, Florida

• The Clean Beaches Council, a

national coastal group in

Washington DC, has presented its

first-ever "Most Innovative Beach"

awards to Broward County’s

Hollywood Beach.

• Hollywood Beach is among the first

in Florida to be designated Blue

Wave Beaches, a distinction that

places them among the nations

cleanest, safest and most user-

friendly beaches.

• Characterized by quaint sidewalk

cafés, brick-lined walks, and six

blocks of unique boutiques, shops,

art galleries and dozens of

excellent restaurants along

Hollywood Boulevard and Harrison

Street, this pedestrian-friendly

environment is the perfect place to

enjoy South Florida.

• Hollywood Beach features a one-

of-a-kind oceanfront promenade

called the Hollywood Beach

Boardwalk that stretches nearly

two and a half miles along the

Atlantic.

• The Hollywood Trolley provides a

public transportation service to

improve mobility, enhance the

visitor experience and ease

parking demand and traffic

congestion.

• The easy ocean access and

village-like feel make this a can't

miss destination with numerous

highly-rated restaurants, small

inns and hotels.

3

Suspendisse elementum rhoncus velit. Nulla turpis

metus, faucibus nec, dignissim at, cursus in,

tortor. Hollywood, Florida is ideally located between two major

international airports. The Fort Lauderdale/Hollywood

International Airport is just a short 10-minute drive, and

the Miami International Airport is located just 30

minutes South. Hollywood is a popular driving

destination, which is easily accessible from several major

Interstates and highways such as I-95, I-75 and Florida’s

Turnpike. Port Everglades, the world’s premier cruise

port is located just 10 minutes away, serves nearly 20

cruise lines. Additionally, the Hollywood Trolley makes

getting around Hollywood Beach and Downtown a

breeze. Visitors and residents can board the trolley at

more than a dozen convenient locations near Hollywood's

major activity and parking areas. Hollywood stands at

the most advantageous location, where everything is

located no more than a 10-minute drive. According to

the United States Census Bureau, the city has a total

area of 30.8 square miles (80 km2), of which 27.34

square miles (71 km2) is land and 3.46 square miles

(9 km2) is water (11.23%). Hollywood is located in

southeastern Broward County, and includes

approximately 5 to 6 miles of Atlantic Ocean beach,

interrupted briefly by a portion deeded to Dania Beach.

Location

4

Population/Demographics

The city's age demographic shows a mixed population

with 21.3% under the age of 18, 7.0% from 18 to 24,

31.3% from 25 to 44, 23.1% from 45 to 64, and 17.3%

who were 65 years of age or older. The median age was

39 years. For every 100 females there were 94.1 males.

For every 100 women age 18 and over, there were 90.9

men. As of 2000, Hollywood had the seventy-fifth highest

percentage of Cuban residents in the U.S., at 4.23% of

the city's population,[17] and the sixty-fifth highest

percentage of Colombian residents in the US, at 2.26%

of the city's population. It also had the fifty-seventh

highest percentage of Peruvian residents in the US, at

1.05% of the city's population and the twentieth highest

percentage of Romanian residents in the US, at 1.1% of

the its population. As of 2000, speakers of English as

a first language accounted for 66.94% of

residents, Spanish accounted for 21.62%, French made

up 2.06%, French Creole consisted of 1.32% of the

population. The median income for a household in the

city was $40,714, and the median income for a family

was $55,849.

5

The Art and Culture Center of

Hollywood presents contemporary

gallery exhibitions, live stage

performances and high-quality

education programs for adults and

children. The Center fosters a

creative environment where new and

challenging work can flourish

through programs that reflect the

highest standards of artistry and

diversity. The Downtown Hollywood

Mural Project’s mission is to

beautify and add culture the

Downtown area. You can often watch

the creation of a new mural during

the Third Saturday ArtWalk.

At Hollywood’s Boardwalk you can

find unique shopping, beachfront

restaurants and bars in addition

to yearlong activities and live

music. With oceanfront hotels

and resorts, you will find the

perfect accommodation for a

weekend getaway or staycation.

he Hollywood Beach Boardwalk,

a 2.5-mile-long pedestrian

promenade, bustles with joggers,

skaters, cyclists and old-

fashioned charm, a mere four

steps from the beach's western

edge.

Downtown Hollywood has various

options for any budget and taste.

The growing arts and culture hub

includes grand murals, art

installments, galleries and the

unique ArtsPark at Young Circle,

which hosts weekly activities for

families, foodies, art enthusiasts,

locals and visitors alike. It

includes a 10-acre family friendly

park, outdoor musical

performances, festivals, visual

art, fountains, free glass blowing

demonstrations, beautiful

landscapes, sidewalk cafes in the

area.

Hollywood Attractions

The Hollywood Community Redevelopment Center

Hollywood CRA: Our Mission

THE MISSION OF THE HOLLYWOOD CRA IS TO ELIMINATE SLUMS AND BLIGHT BY:

1) Stimulating private investment and economic growth

2) Upgrading the public infrastructure and public spaces

3) Mobilizing community stakeholders 4) Partnering with the City of Hollywood and Other

Government Agencies

5) Providing leadership for the CRA Districts

For more information on the city of Hollywood, please visit:

• http://www.floridashollywood.org/default.aspx

• http://www.hollywoodcra.org/index.aspx?nid=94

• http://hollywoodchamber.org/