REO in Northside - Rehab Valuator Westcliffe Ave Private Funding Reque… · After-Repair Value...
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3220 Pump Rd #169 Richmond, VA 23233 804-991-xxxx [email protected] www.RehabValuator.com All-Brick cape in great location! Located in close proximity to VCU and MCV campuses Well-taken care of property with vinyl windows, hardwoods, fenced yard. Property needs HVAC and cosmetic improvementsw Opportunity for lender to earn great rate of return, secured by solid property! Evolve Acquisitions, LLC REO in Northside 3710 Westcliff Ave Richmond, VA 23222 TO INSERT PIC HERE, CLICK WITH YOUR MOUSE INSIDE THIS BOX, THEN CLICK THE "INSERT PICS" BUTTON ON THE RIGHT AND SELECT THE PICTURE Daniil Kleyman Exclusively Presented By:
Transcript of REO in Northside - Rehab Valuator Westcliffe Ave Private Funding Reque… · After-Repair Value...
3220 Pump Rd #169
Richmond, VA 23233
804-991-xxxx
www.RehabValuator.com
All-Brick cape in great location!
Located in close proximity to VCU and MCV campuses
Well-taken care of property with vinyl windows, hardwoods, fenced yard.
Property needs HVAC and cosmetic improvementsw
Opportunity for lender to earn great rate of return, secured by solid property!
Evolve Acquisitions, LLC
REO in Northside
3710 Westcliff Ave
Richmond, VA 23222
TO INSERT PIC HERE, CLICK WITH YOUR MOUSE INSIDE THIS BOX, THEN CLICK THE "INSERT
PICS" BUTTON ON THE RIGHT AND SELECT THE PICTURE
Daniil Kleyman
Exclusively Presented By:
PURCHASE/LOAN ASSUMPTIONS % of ARV Timeline Assumptions:
After-Repair Value (ARV) $140,000.00
Purchase Price $57,000.00 41% 2 Months
Rehab Cost $27,500.00 20% 4 Months
Total Loan Amount * $84,500.00 60% Total Time: 6 Months
* Total loan amount may include deferred and accrued interest and or/points
Interest Rate Offered to Lender: 8.0%
All-brick house in great shape! Previous owners took good care of
this one. Fenced yard, tankless gas water heater, hardwood floors.
There are 2 full baths which will help resale value and appeal.
Required work includes new HVAC, kitchen, baths, other cosmetics.
Other Notes: Amount of short-term loan required equals 60% of projected
"after-repair value" of the property, providing the private lender
with a lot of cushion. Recent comps indicate a sale in the $130-
$135k range. Private lender will get 1st deed of trust on the prope-
rty and be paid at the time of sale
Total Interest Income $3,288
Points, Fees $0
Total Income to Lender $3,288
Cash-on-Cash Return (annualized) 7.78%
Internal Rate of Return (annualized) 8.82%
Square Feet: 1600 www.RehabValuator.com
Year Built: 1920 [email protected]
Bedrooms: 4 Evolve Acquisitions, LLC
Baths: 2 804-991-xxxx
Opportunity to earn an ~8% Secured Return!
Property Street Address: 3710 Westcliff Ave Presented By:
Property City, State, Zip: Richmond, VA 23222 Daniil Kleyman
Time to Complete Rehab:
Time to Complete Sale:
All-brick, solid structure! 4 bedrooms, 2 full baths!
PROJECTED FINANCIAL RESULTS FOR LENDER:
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Project Description:
Interest Rate Offered to Lender: 8.00% Total Interest Income 3,288
Points, Fees -
Total Loan Amount: 84,500 Total 3,288
Cash-on-Cash Return (annual) 7.78%
IRR (annualized) 8.82%
Month 0 1 2 3 4 5 6 7 8
Purchase (57,000)
Origination/Discount Points
Rehab Draws (13,750) (13,750)
Interest on Loan (Paid) 380 380 380 380 380 380
Interest on Loan (Deferred)
Interest on Draws (Paid) 92 183 183 183 183 183
Interest on Draws (Deferred)
Total Loan Balance (57,000) (70,750) (84,500) (84,500) (84,500) (84,500) (84,500)
Payback of the Loan 84,500
Cashflows Out -57,000 -13,750 -13,750
Cashflows In 472 563 563 563 563 85,063
Net -57,000 -13,278 -13,187 563 563 563 85,063
Month 9 10 11 12 13 14 15 16
Origination/Discount Points
Rehab Draws
Interest on Loan (Paid)
Interest on Loan (Deferred)
Interest on Draws (Paid)
Interest on Draws (Deferred)
Total Loan Balance
Payback of the Loan
Cashflows Out
Cashflows In
Net
17 18 19 20 21 22 23 24
Origination/Discount Points
Rehab Draws
Interest on Loan (Paid)
Interest on Loan (Deferred)
Interest on Draws (Paid)
Interest on Draws (Deferred)
Total Loan Balance
Payback of the Loan
Cashflows Out
Cashflows In
Net
CASH FLOWS TO LENDER
REO in Northside Daniil Kleyman
3710 Westcliff Ave Evolve Acquisitions, LLC
Richmond, VA 23222 804-991-xxxx
www.RehabValuator.com
Address Beds Baths Sq Ft Date Sold Sales Price Notes:
1 4 2.5 1800 9/1/2011 $156,000
2 4 2 1750 10/15/2011 $142,000
3 4 2.5 1623 6/2/2011 $147,000
4 4 1.5 1702 10/3/2011 $140,000
5 4 2 1560 10/15/2011 $168,000
6 4 2.5 1440 11/29/2011 $127,000
7 4 2.5 1272 12/5/2011 $168,000
8 4 1.5 1574 12/5/2011 $141,000
Year Built: 1920 [email protected]
Baths: 2 804-991-xxxx
Square Feet: 1600 www.RehabValuator.com
3710 Westcliff Ave Presented By:
Property City, State, Zip: Richmond, VA 23222 Daniil Kleyman
Bedrooms: 4 Evolve Acquisitions, LLC
1521 Northside Ave
Comparable Sales Report For 3710 Westcliff Ave
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Comp 6
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Comp 7
Property Street Address:
Fully Renovated
Decent Shape
4808 Chamberlay Ave 23227
1256 Main St 23227
1774 Grace St 23226
3614 North Ave
1605 Cliff Ave
2905 2nd Ave
3112 4th Ave
Fully Renovated
Fully Renovated
Good Condition
Decent Shape
Fully Renovated
Partial Reno
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Comp 2
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Comp 4
www.RehabValuator.com
Bedroom Bath (needs updating)
Bedroom 2 Spacious Backyard
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Kitchen (needs updating) Tankless Gas Water Heater!
3710 Westcliff Ave Richmond, VA 23222
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Living Room Dining Room
