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    G. Cruz - 757 E Twain Ave Las Vegas NV

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    avent55
    This document summarizes the financial details of a multi-unit residential property located in Las Vegas, NV that is being offered for sale. Key details include a purchase price of $359,800, current annual gross rent of $46,500, and projected leveraged annual returns of 13.39% IRR and 11.65% MIRR over an 8 year holding period. The 8 unit property is described as needing some minor renovations but being in an area with nearby schools.

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    G. Cruz - 757 E Twain Ave Las Vegas NV

    Uploaded by

    avent55
    16 views1 page
    This document summarizes the financial details of a multi-unit residential property located in Las Vegas, NV that is being offered for sale. Key details include a purchase price of $359,800, current annual gross rent of $46,500, and projected leveraged annual returns of 13.39% IRR and 11.65% MIRR over an 8 year holding period. The 8 unit property is described as needing some minor renovations but being in an area with nearby schools.

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    G. Cruz_757 E Twain Ave Las Vegas NV

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    This document summarizes the financial details of a multi-unit residential property located in Las Vegas, NV that is being offered for sale. Key details include a purchase price of $359,800, current annual gross rent of $46,500, and projected leveraged annual returns of 13.39% IRR and 11.65% MIRR over an 8 year holding period. The 8 unit property is described as needing some minor renovations but being in an area with nearby schools.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    16 views1 page

    G. Cruz - 757 E Twain Ave Las Vegas NV

    Uploaded by

    avent55
    This document summarizes the financial details of a multi-unit residential property located in Las Vegas, NV that is being offered for sale. Key details include a purchase price of $359,800, current annual gross rent of $46,500, and projected leveraged annual returns of 13.39% IRR and 11.65% MIRR over an 8 year holding period. The 8 unit property is described as needing some minor renovations but being in an area with nearby schools.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 1

    Great Cash Flow Property

    757 E Twain Avenue


    Las Vegas, NV 89169
    Purchase/Offer Price $359,800 10.95%
    Downpayment $359,800 7.74
    Initial Capital Improvements and Reserves $0 $52.85
    Total Closing Costs $0 $44,975
    Additional Upfront Fee to Buyer (Optional) $0
    Total Cash Investment $359,800
    Current / First Year Gross Rent $46,500
    Current / First Year Operating Expenses $4,302
    Vacancy, Concessions, Management Fees $2,790
    Current / First Year Net Operating Income $39,408
    Projected Holding Period 8 years
    Terminal Cap Rate Assumed 9.60%
    Projected Resale Price $471,533
    Projected Leveraged IRR of Investment * 13.39%
    Projected Leveraged MIRR of Investment * 11.65%
    Projected Cumulative Cash-on-Cash Return * 217.20%
    Selected Projected Financial Measures Year 1 Year 12 Year 25 Year 40
    Annual Cash-on-Cash Return * 10.95% N/A N/A N/A
    Cumulative Cash-on-Cash Return (ROI) * 10.95% N/A N/A N/A
    DCR N/A N/A N/A N/A
    LTV 0.00% N/A N/A N/A
    Return on Equity * 9.60% N/A N/A N/A
    Economic Occupancy % 100% N/A N/A N/A
    Effective Rent per sq foot $6.42 N/A N/A N/A
    * All figures pre-tax and based on 2014 financial reports
    * Figures do not account for insurance and initial property improvements
    Las Vegas, NV 89108
    New $19000 roof was installed 5 years ago
    Notes/Description of Property:
    Property has no landscaping. Empty washer/dryer room
    downstairs.
    To Insert a Picture here, click inside this box with
    your mouse, then click on "INSERT PIC" button on
    the right and select the picture
    702-758-3086
    mdavent@cashpropertystore.com
    www.cashpropertystore.com
    Unit Mix:
    8 Units: 2 Bed Rooms and 2 Baths
    Prepared by: Michael Avent
    The Cash Property Store
    Contact Info: 6489 Assembly Drive
    $/Sq Foot
    $/Unit
    Notes on Area:
    1 Middle School and 3 Elementary Schools within 1
    mile.
    Recently remodeled unit for $4000
    Add value by adding washer/dryer in empty laundry room
    Add value by increasing rent to compete with current market asking price
    Gross Rent Multiplier
    A/C recently repaired for $1500
    Capitalization Rate
    0.00%
    2.00%
    4.00%
    6.00%
    8.00%
    10.00%
    12.00%
    14.00%
    Cash-on-Cash vs. ROE
    Cash-on-Cash
    Return (pre-tax)
    Return on Equity
    (pre-tax)
    Reports and Projections Courtesy of Rental Valuator Real Estate Analysis Software - www.RentalValuator.com

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