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PROPERTY OVERVIEW

Here's what everyone's been looking for! Under $50K Townhouse Units:
 
Rented, Turnkey, POS Inspection Compliant and in a very attractive location.
 
We are seeing a potential for 10-20% near-term rental increases,
as there is nothing available for rent at this quality and excellent location for under $1,000. 
 
Location! Location! Location! Very close proximity to the
Thistledown Racino Entertainment Complex, & new AMAZON Fulfillment Center.
 
Well maintained community,  mix of owners & long term renters.
 
**These will be available for 2 weeks ONLY. Anything not sold will be moved to long term hold portfolio**
 

**60 Country Lane #5

Direct Price: $45K


  • 2bd/ 948 sf
  • Monthly Rent: $800
  • HOA Fee: $244
    • Covers Water/Sewer, ext. maint., landscaping & building insurance
  • Leased through March '22

Projected Year 1 Core Financials (for estimation purposes only)

Monthly Rent: $800

Gross Annual Income: $9,600

 

Property Tax: $931

Property Mgmt: $960

Annual HOA: $2,928

Maint. Placeholder: $300

 

 

Projected NOI: $4,481

 

Cap Rate: 9.96%

 

(Based on Core Metrics - For Estimation Purposes Only)

**64 Country Lane #5

Direct Price: $42K


  • 2bd/ 948 sf
  • Monthly Rent: $750
  • HOA Fee: $243
    • Covers Water/Sewer, ext. maint., landscaping & building insurance
  • Leased through Nov '21

Projected Year 1 Core Financials (for estimation purposes only)

Monthly Rent: $750

Gross Annual Income: $9,000

 

Property Tax: $948

Property Mgmt: $900

Annual HOA: $2,928

Maint. Placeholder: $300

 

 

Projected NOI: $3,924

 

Cap Rate: 9.34%

 

(Based on Core Metrics - For Estimation Purposes Only)

**66 Country Lane #4

Direct Price: $39K


  • 2bd/ 948 sf
  • Monthly Rent: $629 (subsidized 100%)
  • HOA Fee: $244 
    • Covers Water/Sewer, ext. maint., landscaping & building insurance
  • M2M/ subsidy exp. July '22

Projected Year 1 Core Financials (for estimation purposes only)

Monthly Rent: $629

Gross Annual Income: $7,548

 

Property Tax: $941

Property Mgmt: $755

Annual HOA: $2,929

Maint. Placeholder: $300

 

 

Projected NOI: $2,624

 

Cap Rate: 6.73%

 

(Based on Core Metrics - For Estimation Purposes Only)

**66 Country Lane #7

Direct Price: $43K


  • 2bd/ 948 sf
  • Monthly Rent: $750
  • HOA Fee: $235
      • Covers Water/Sewer, etx. maint., landscaping & building insurance
    • Leased through Oct '21

Projected Year 1 Core Financials (for estimation purposes only)

Monthly Rent: $750

Gross Annual Income: $9,000

 

Property Tax: $941

Property Mgmt: $900

Annual HOA: $2,820

Maint. Placeholder: $300

 

 
Projected NOI: $4,039

 

Cap Rate: 9.39%

 

(Based on Core Metrics - For Estimation Purposes Only)

**70 Country Lane #1

Direct Price: $42K


  • 3bd/ 1,116 sf
  • Monthly Rent: $750
  • HOA Fee: $235 
    • Covers Water/Sewer, ext. maint., landscaping & building insurance
  • Lease is M2M

Projected Year 1 Core Financials (for estimation purposes only)

Monthly Rent: $750

Gross Annual Income: $9,000

 

Property Tax: $1,052

Property Mgmt: $900

Annual HOA: $2,820

Maint. Placeholder: $300

 

Projected NOI: $3,928

 

Cap Rate: 9.35%

 

(Based on Core Metrics - For Estimation Purposes Only)

**78 Country Lane #6

Direct Price: $43K


  • 2bd/ 948 sf
  • Monthly Rent: $750
  • HOA Fee: $235 
    • Covers Water/Sewer, ext. maint., landscaping & building insurance
  • Leased through Jan '22

Projected Year 1 Core Financials (for estimation purposes only)

Monthly Rent: $750

Gross Annual Income: $9,000

 

Property Tax: $941

Property Mgmt: $990

Insurance: $150

Annual HOA: $2,820

Maint. Placeholder: $300

 

Projected NOI: $4,039

 

Cap Rate: 9.39%

 

(Based on Core Metrics - For Estimation Purposes Only)

Disclaimer: The estimated analysis are presented in good faith and in no way represent a commitment on the part of the Seller(s), or any affiliate thereof, to provide the returns indicated herein. Please be sure to understand the risks associated with investing in real estate and make appropriate assumptions; while 1-year (3rd party) warranties are typically offered as a mitigator for certain expense risks, they should not be a replacement for normal rental property assumptions. Any promotions or other marketing statements must be included in the transactional paperwork associated with the property in order to be valid. Please be sure to conduct your own due diligence and seek your own professional advice.



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