EAC Community Weekly Newsletter

106 Forsyth dr.

106 Forsyth dr.
Chapel hill, NC, 27517

This property is a duplex which is 2 bedroom 1 bathroom on each side.
Property is in great condition, and needs just basic updates to modernize the appearance.
Property is less than 7 miles from UNC & Duke Campus.
Property has the potential to be a great student rental.

2 bedroom 1 bath each side by side
1456 sqft
.35 acres
Built 1985

PROPERTY DETAILS
  Ground Partner Name: Daniel Jimenez    
  Class Of Property: Duplex Year Built: 1985
  Square Footage 1456 Lot Size: .35 acres
  Occupied Yes # Of Units 2
  Bedrooms 4 Bathrooms 2

PURCHASE DETAILS
  Purchase Price $150,000.00 Wholesale Fee $3,159.57
  Closing Costs: $750.00 After Repair Value: $235,000.00
  Rehab Costs: $10,000.00 % Of ARV 68.4
  Total Funds Required $163,909.57 Rent As A % Of All In Cost 1.25

INCOME/CASH FLOW INFORMATION
  Monthly Rent: $2,050.00 Annual Rent: $24,600.00
  Other Income Monthly: Other Income Annually: $0.00
  Monthly Vacancy Expense: $205.00 Annual Vacancy Expense: $2,460.00
  Monthly Management Expense: $184.50 Annual Management Expense: $2,214.00
  Monthly Net Rent $1,845.00 Annual Net Rent $22,140.00
  Monthly CAPEX Expense: $184.50 Annual CAPEX Expense $2,214.00
  Monthly Repairs/Maintenance: $184.50 Annual Repairs/Maintenance: $2,214.00
  Monthly Tax Calculation: $250.00 Annual Taxes: $3,000.00
  Monthly Insurance Premium: $75.00 Annual Insurance Premium: $900.00
  Monthly NOI: $966.50 Annual NOI: $11,598.00

ROI FOR INVESTOR
  Monthly Return On Investment: $869.85 Annual Return On Investment: $10,438.20
  ROI % For Investor: 6.37    

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