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Property Report
Jamestown portfolio
United States
Presented by:
Chris GrecoGreco Real Estate
252 North St.Buffalo, New York 14201
Office: 716-884-3500Mobile: 716-570-7600
Fax: [email protected]
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation to determine accuracy.Greco Real Estate 252 North St. Buffalo New York 14201 716-884-3500 office/ 716-393-2660 Fax / 716-570-7600 Cell 1
OverviewJamestown portfolio
United States
Chris Greco716-884-3500
Purchase InfoTotal Number of Units 4Purchase Price $4,800,000Initial Cash Invested $960,000
Income Analysis Monthly AnnualNet Operating Income $37,896 $454,755Cash Flow $18,154 $217,843
Financial MetricsCap Rate (Purchase Price) 9.5%Cash on Cash Return (Year 1) 22.7%Internal Rate of Return (Year 10) 31.7%Sale Price (Year 10) $6,450,799
Greco Real Estate 252 North St. Buffalo New York 14201 716-884-3500 office/ 716-393-2660 Fax / 716-570-7600 Cell 2
Purchase AnalysisJamestown portfolio
United States
Chris Greco716-884-3500
Purchase InfoPurchase Price $4,800,000- First Mortgage -$3,840,000- Second Mortgage -$0= Downpayment $960,000+ Buying Costs $0+ Initial Improvements $0= Initial Cash Invested $960,000Total Number of Units 4Cost per Unit $1,200,000Average Monthly Rent per Unit $19,654
Mortgages First SecondLoan-To-Cost Ratio 80% 0%Loan-To-Value Ratio 80% 0%Loan Amount $3,840,000 $0Loan Type AmortizingTerm 25 YearsInterest Rate 3.75%Payment $19,742.64 $0.00
Financial Metrics (Year 1)Annual Gross Rent Multiplier 5.1Operating Expense Ratio 46.4%Debt Coverage Ratio 1.92Cap Rate (Purchase Price) 9.5%Cash on Cash Return 22.7%
AssumptionsAppreciation Rate 3.0%Vacancy Rate 10.0%Income Inflation Rate 3.0%Expense Inflation Rate 3.0%LTV for Refinance 70.0%Selling Costs $336,000
Income Monthly AnnualGross Rent $78,617 $943,404Vacancy Loss -$7,862 -$94,340Operating Income $70,755 $849,064
Expenses (% of Income) Monthly AnnualInsurance (3%) -$1,848 -$22,182Management Fees (6%) -$4,245 -$50,944Taxes (11%) -$8,130 -$97,561Utilities (15%) -$10,604 -$127,250Snow & Lawn (0%) -$292 -$3,500Reserve for Replacement (3%) -$2,123 -$25,472Rubbish (1%) -$617 -$7,400Maintenance (7%) -$5,000 -$60,000Operating Expenses (46%) -$32,859 -$394,309
Net Performance Monthly AnnualNet Operating Income $37,896 $454,755- Mortgage Payments -$19,743 -$236,912- Year 1 Improvements -$0 -$0= Cash Flow $18,154 $217,843
Greco Real Estate 252 North St. Buffalo New York 14201 716-884-3500 office/ 716-393-2660 Fax / 716-570-7600 Cell 3
Buy and Hold ProjectionJamestown portfolio
United States
Chris Greco716-884-3500
Income Year 1 Year 2 Year 3 Year 5 Year 10 Year 20 Year 30Gross Rent $943,404 $971,706 $1,000,857 $1,061,810 $1,230,928 $1,654,265 $2,223,193Vacancy Loss -$94,340 -$97,171 -$100,086 -$106,181 -$123,093 -$165,426 -$222,319Operating Income $849,064 $874,536 $900,772 $955,629 $1,107,835 $1,488,838 $2,000,874
Expenses Year 1 Year 2 Year 3 Year 5 Year 10 Year 20 Year 30Insurance -$22,182 -$22,847 -$23,533 -$24,966 -$28,942 -$38,896 -$52,273Management Fees -$50,944 -$52,472 -$54,046 -$57,338 -$66,470 -$89,330 -$120,052Taxes -$97,561 -$100,488 -$103,502 -$109,806 -$127,295 -$171,074 -$229,909Utilities -$127,250 -$131,068 -$135,000 -$143,221 -$166,032 -$223,134 -$299,873Snow & Lawn -$3,500 -$3,605 -$3,713 -$3,939 -$4,567 -$6,137 -$8,248Reserve for Replacement -$25,472 -$26,236 -$27,023 -$28,669 -$33,235 -$44,665 -$60,026Rubbish -$7,400 -$7,622 -$7,851 -$8,329 -$9,655 -$12,976 -$17,439Maintenance -$60,000 -$61,800 -$63,654 -$67,531 -$78,286 -$105,210 -$141,394Operating Expenses -$394,309 -$406,138 -$418,322 -$443,798 -$514,483 -$691,423 -$929,214
Income Analysis Year 1 Year 2 Year 3 Year 5 Year 10 Year 20 Year 30Net Operating Income $454,755 $468,398 $482,449 $511,831 $593,352 $797,415 $1,071,660- Mortgage Payments -$236,912 -$236,912 -$236,912 -$236,912 -$236,912 -$236,912 -$0- Improvements -$0 -$0 -$0 -$0 -$0 -$0 -$0= Cash Flow $217,843 $231,486 $245,538 $274,919 $356,440 $560,504 $1,071,660Cap Rate (Purchase Price) 9.5% 9.8% 10.1% 10.7% 12.4% 16.6% 22.3%Cap Rate (Market Value) 9.2% 9.2% 9.2% 9.2% 9.2% 9.2% 9.2%Cash on Cash Return 22.7% 24.1% 25.6% 28.6% 37.1% 58.4% 111.6%Return on Equity 18.2% 16.0% 14.4% 12.3% 9.5% 7.4% 9.2%
Loan Analysis Year 1 Year 2 Year 3 Year 5 Year 10 Year 20 Year 30Market Value $4,944,000 $5,092,320 $5,245,090 $5,564,516 $6,450,799 $8,669,334 $11,650,860- Loan Balance -$3,745,475 -$3,647,343 -$3,545,468 -$3,329,908 -$2,714,800 -$1,078,601 -$0= Equity $1,198,525 $1,444,977 $1,699,622 $2,234,607 $3,735,998 $7,590,733 $11,650,860Loan-to-Value Ratio 75.8% 71.6% 67.6% 59.8% 42.1% 12.4% 0.0%Potential Cash-Out Refi -$284,675 -$82,719 $126,095 $565,253 $1,800,759 $4,989,933 $8,155,602
Sale Analysis Year 1 Year 2 Year 3 Year 5 Year 10 Year 20 Year 30Equity $1,198,525 $1,444,977 $1,699,622 $2,234,607 $3,735,998 $7,590,733 $11,650,860- Selling Costs -$346,080 -$356,462 -$367,156 -$389,516 -$451,556 -$606,853 -$815,560= Proceeds After Sale $852,445 $1,088,515 $1,332,466 $1,845,091 $3,284,442 $6,983,879 $10,835,300+ Cumulative Cash Flow $217,843 $449,329 $694,867 $1,229,797 $2,844,138 $7,481,200 $15,712,361- Initial Cash Invested -$960,000 -$960,000 -$960,000 -$960,000 -$960,000 -$960,000 -$960,000= Net Profit $110,289 $577,844 $1,067,333 $2,114,888 $5,168,581 $13,505,080 $25,587,661Internal Rate of Return 11.5% 29.2% 33.3% 34.2% 31.7% 29.0% 28.4%Return on Investment 11% 60% 111% 220% 538% 1,407% 2,665%
Greco Real Estate 252 North St. Buffalo New York 14201 716-884-3500 office/ 716-393-2660 Fax / 716-570-7600 Cell 4
GraphsJamestown portfolio
United States
Chris Greco716-884-3500
25
$70,000
$40,000
$10,000
$80,000
$50,000
$20,000
$90,000
$60,000
$30,000
$0155 3020100
Year
Monthly Cash Flow
25
$4,000,000
$8,000,000
$12,000,000
$2,000,000
$6,000,000
$10,000,000
$0155 3020100
Year
Loan Balance + Equity = Market Value
25
35%
30%
15%
25%
10%
5%
20%
0%155 3020100
Year
Internal Rate of Return (IRR)
Greco Real Estate 252 North St. Buffalo New York 14201 716-884-3500 office/ 716-393-2660 Fax / 716-570-7600 Cell 5
Rent RollJamestown portfolio
United States
Chris Greco716-884-3500
Unit Description Square Feet Units of This Type Rent (Per Unit)95 Liberty 0 1 $9,044 Per Month
100 Lakeview 0 1 $7,750 Per Month
101 Lakeview 0 1 $4,720 Per Month
Cam/Jeff/Par/Pris 0 1 $57,103 Per Month
Totals for Year 1Total Number of Units 4Total Area (Sum of Units) 0 Square FeetTotal Rent (Sum of Units) $78,617 Per Month, $943,404 Per Year
Greco Real Estate 252 North St. Buffalo New York 14201 716-884-3500 office/ 716-393-2660 Fax / 716-570-7600 Cell 6
PhotosJamestown portfolio
United States
Chris Greco716-884-3500
Greco Real Estate 252 North St. Buffalo New York 14201 716-884-3500 office/ 716-393-2660 Fax / 716-570-7600 Cell 7
PhotosJamestown portfolio
United States
Chris Greco716-884-3500
Greco Real Estate 252 North St. Buffalo New York 14201 716-884-3500 office/ 716-393-2660 Fax / 716-570-7600 Cell 8
PhotosJamestown portfolio
United States
Chris Greco716-884-3500
Greco Real Estate 252 North St. Buffalo New York 14201 716-884-3500 office/ 716-393-2660 Fax / 716-570-7600 Cell 9
PhotosJamestown portfolio
United States
Chris Greco716-884-3500
Greco Real Estate 252 North St. Buffalo New York 14201 716-884-3500 office/ 716-393-2660 Fax / 716-570-7600 Cell 10
PhotosJamestown portfolio
United States
Chris Greco716-884-3500
Greco Real Estate 252 North St. Buffalo New York 14201 716-884-3500 office/ 716-393-2660 Fax / 716-570-7600 Cell 11
PhotosJamestown portfolio
United States
Chris Greco716-884-3500
Greco Real Estate 252 North St. Buffalo New York 14201 716-884-3500 office/ 716-393-2660 Fax / 716-570-7600 Cell 12
PhotosJamestown portfolio
United States
Chris Greco716-884-3500
Greco Real Estate 252 North St. Buffalo New York 14201 716-884-3500 office/ 716-393-2660 Fax / 716-570-7600 Cell 13
PhotosJamestown portfolio
United States
Chris Greco716-884-3500
Greco Real Estate 252 North St. Buffalo New York 14201 716-884-3500 office/ 716-393-2660 Fax / 716-570-7600 Cell 14
