We have our 1st 3 properties under contract and I'm wondering what the best way is to present the information to the investor buyer.
My first thought is to have it formatted like this:
704 Park Drive - Daytona Beach
4 bdrm/2 bath - Single Family Residence
Cash Price - $31,000.00
ARV - $46,000.00
Equity Gain - $15,000.00
Income:
Monthly Rent - $1000.00
Annual Rent - $12,000.00
Annual Expenses:
Vacancy Allowance - ($1200.00)
Est. Insurance - ($460.00)
Taxes - ($570.00)
Total Annual Expenses: ($2230.00)
Annual Net Income: $9770.00
ROI: 31%
Would it make sense to add a line that says what the ROI is on the equity gain in the above property it is 33%?
This one is already rented. Would the term be ARV? or Est. Market Value since there are no repairs required?
Is ROI the right term for the net income of the rent or is that cap rate?
Should there be more details about the property? Sq Ft? Parking?
So Many Questions.
Thanks for your help!
...Dwight
If you will make the necessary effort you can develop any talent.
~ Wallace D. Wattles
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I see that some time has pass. How did those 3 properties turn out?