Townhouse Style Multi-Family

$29,040 NOI	0.6 DSCR	3% Cap	-8% ROI

$850,000

Townhouse Style Multi-Family

30 Howard Street, Waterbury, CT

6 Units . $141,667/unit

$850,000

Connor Wenchell

VC Property Group

Call

Est. $5,773 /mo

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Description Income Loan Terms

$29,040 NOI	0.6 DSCR	3% Cap	-8% ROI

% Proforma : % Proforma 50%	Parking Off Street
Property Type Type Multifamily	Heating Electic
Buildings 1	Hot Water Electic
Parcel(s)	Sewer Public
Year Built 1989	Water Public
Occupancy Occ. 100%	Trash City Pick-up
Sqft 5888 sqft	Utility Split Tenant Paid
Lot Size 11761 acres	Sprinklers No

Highlights

1.5 Bathrooms
Attached Garages/Basements
In Unit Washer/Dryer Hookups

All units have the same layout consisting of two bedrooms, one and a half bathrooms, and a porch. Despite the attractive unit mixes, they are rented for only 50% of the current market value . Half of the units have semi-finished basements in place of an attached garage, but all units have laundry hookups on that bottom most level. The proforma rents in place will yield over a 15% return on investment assuming an $850,000 purchase price, 75% loan-to-value, 25 year amortization, and a 6.5% interest rate.

$29,040 NOI	0.6 DSCR	3% Cap	-8% ROI

Rental Income	Current	Proforma
1 2 Bed, 2 Bath	900	$
2 2 Bed, 2 Bath	900	$
3 2 Bed, 2 Bath	900	$
4 2 Bed, 2 Bath	900	$
5 2 Bed, 2 Bath	900	$
6 2 Bed, 2 Bath	900	$
Total	$5,400	$10800
Operating Expenses Annualized
Property Taxes	$15,664	$
Insuarance	$5,400	$
HOA	$	$
Electic	$200	$
Heating	$	$
Water/Sewer	$3,600	$
Trash	$	$
Vacancy	$3,240	$
Maintenance	$3,078	$
Management	$3,078	$
Other	$1,500	$
Total	$ 35,760	$ 35,760

	Current	Proforma
Sale Price	$850,000	$
Loan Term	25
Rate	6.5%	%
LTV	70	%
P&I	$4,017	$4,017


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VC Property Group

Connor Wenchell

VC Property Group

Call

Connor Wenchell

VC Property Group

Townhouse Style Multi-Family

Product Description

Loan Matcher