Property Description

80-Door Portfolio Summary -- NW OhioAcquisition Price: $9,999,315.00 ($124,991.00 / door)Asset Mix: 79 buildings / 80 doors (78 single-family homes + 1 duplex)Occupancy: 95% stabilized (5% vacancy rate)Financial & Return Metrics:Average Rent / Door: $1,170.04/monthGross Monthly Income: $93,603.20 Gross Annual Income: $1,123,238.40 Expense Ratio: 28.78%Net Operating Income (NOI): $799,945.27 / yearCap Rate: 8.00%Estimated Annual Debt Service: $636,101.28 Debt Service Coverage Ratio (DSCR): 1.26Net Monthly Cash Flow: $13,635.67Annual Cash Flow: $163,628.04 Pre-Value-Add, Cash-on-Cash Return (CoC): 6.55%Key Upside:In-place cash flow from day one with ~95% occupancy.Major value-add potential: While many of the units are stabilized, many units sit below market rent, offering immediate revenue expansion on lease renewals and operational mark-to-market.

Property Features

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