3 20

$90,539

NOI

1.68

DSCR

10%

Cap

36%

ROI

NOI
$90,539
DSCR
1.68
Cap
10%
ROI
36%
$900,000
7 Units on 2 Contiguous Parcels

Torrington, CT

Portfolio. $143 psf

$900,000

Connor Wenchell

VC Property Group

Est. $6,125 /mo

Get Pre-Approved
Description Income Loan Terms

$85,739

NOI

1.59

DSCR

10%

Cap

14%

ROI

% Proforma : % Proforma
96%
Parking
Off Street
Property Type Type
Portfolio
Heating
Natural Gas
Buildings
3
Hot Water
Natural Gas
Parcel(s)
2
Sewer
Public
Year Built
1900
Water
Public
Occupancy Occ.
100%
Trash
City Pick-up
Sqft
6273 sqft
Utility Split
T/O Paid
Lot Size
20037 acres
Sprinklers
No
Highlights
  • Contiguous parcels
  • Central parking
  • Separate covered garage
  • Some high end finishes

This compound consists of three properties on two contiguous parcels including a single family, two family, and a four family. All properties are fully occupied and bankable at entry assuming an $799,000 purchase price, 75% LTV, 30 year amortization, and an interest rate of 7%. A few property highlights include ease of management, attractive unit mixes, and ample parking that exceeds the desired 1:1 ratio. All three structures must be sold as a package, but can be separated into two separate loans depending on operator preference.

Property Snapshot
96% Proforma
Property Type
Portfolio
Building(s)
3
Sqft
6273 sqft
Parcel(s)
2
Lot Size
20037 acres
Year Built
1900
Property Description

This compound consists of three properties on two contiguous parcels including a single family, two family, and a four family. All properties are fully occupied and bankable at entry assuming an $799,000 purchase price, 75% LTV, 30 year amortization, and an interest rate of 7%. A few property highlights include ease of management, attractive unit mixes, and ample parking that exceeds the desired 1:1 ratio. All three structures must be sold as a package, but can be separated into two separate loans depending on operator preference.

Property Features
Utilities & Systems
Heating
Natural Gas
Hot Water
Natural Gas
Water
Public
Sewer
Public
Trash
City Pick-up
Electric
$5400
Site Amenities
Parking
Off Street
Unit Amenities
N/A
Residential Income
Current vs Proforma
1 Bed, 1 Bath
$1,300
1 Bed, 1 Bath
$1,300
1 Bed, 1 Bath
$1,300
1 Bed, 1 Bath
$1,300
4 Bed, 2 Bath
$2,000
4 Bed, 1 Bath
$1,800
3 Bed, 1 Bath
$1,800
Monthly
$10,800
$11,200
Annual
$129,600
$134,400
Operating Expenses
Annualized
Property Taxes
$11,211
Insurance
$8,400
HOA
$0
Electric
$5,400
Heating
$3,600
Water / Sewer
$4,200
Trash
$0
Vacancy
$3,210
Maintenance
$3,045
Management
$3,045
Others
$1,750
Total Expenses
$43,861
$43,861
Loan Terms
Scenario Builder
Sale Price
$900,000
Loan Term
30
Rate
7%
LTV
75%
P&I
$4,491
$4,491
Request loan quote from VC Property Group.
Connor Wenchell
Connor Wenchell
VC Property Group

Connor Wenchell


VC Property Group