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The Enclave at Copper Creek

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The Enclave at Copper Creek

  1. 1. The EnclaveThe Enclave at Copper Creekat Copper Creek Presented byPresented by Real Estate, LLCReal Estate, LLC
  2. 2. Stillwater’s Newest Real EstateStillwater’s Newest Real Estate Investment OpportunityInvestment Opportunity Each Enclave unit consists of four (4) one bedroom, high amenity,Each Enclave unit consists of four (4) one bedroom, high amenity, 750 square foot apartments.750 square foot apartments. Each Enclave unit consists of two (2) stories with two (2) apartments onEach Enclave unit consists of two (2) stories with two (2) apartments on each leveleach level Handicapped/ADA compliant apartments availableHandicapped/ADA compliant apartments available Each Enclave unit is professionally managed and maintained by C-StarEach Enclave unit is professionally managed and maintained by C-Star Property Management, Stillwater, OklahomaProperty Management, Stillwater, Oklahoma
  3. 3. TheThe Place toPlace to livelive in Stillwater!in Stillwater! Located on 12Located on 12thth Street Just West of WalnutStreet Just West of Walnut One Mile To The OSU CampusOne Mile To The OSU Campus Gated CommunityGated Community Wooded AreaWooded Area Seven Blocks To The Stillwater Medical CenterSeven Blocks To The Stillwater Medical Center One Mile To Stillwater's Growing DowntownOne Mile To Stillwater's Growing Downtown Optimized Floor PlanOptimized Floor Plan Professional Property ManagementProfessional Property Management
  4. 4. Optimized One Bedroom FloorOptimized One Bedroom Floor PlansPlans Spacious Floor Plan (750 SF)Spacious Floor Plan (750 SF) Wood FlooringWood Flooring Granite Counter TopsGranite Counter Tops Energy Star Appliances With MicrowaveEnergy Star Appliances With Microwave Washer and Dryer Connections in Each UnitWasher and Dryer Connections in Each Unit Ceiling FansCeiling Fans Patio’s or Balconies With Each UnitPatio’s or Balconies With Each Unit
  5. 5. Financing Package AvailableFinancing Package Available Financing Package Available Through OklahomaFinancing Package Available Through Oklahoma National BankNational Bank 30 Year Fixed Rate Mortgage30 Year Fixed Rate Mortgage 25% Down25% Down 5% Interest5% Interest
  6. 6. Do You Have a Student AttendingDo You Have a Student Attending OSU?OSU? The Enclave at Copper Creek Offers an Excellent HousingThe Enclave at Copper Creek Offers an Excellent Housing Alternative for Parents of OSU Students.Alternative for Parents of OSU Students. Purchase an Enclave 4-Plex, Your Student Lives in One ofPurchase an Enclave 4-Plex, Your Student Lives in One of the Units, Lease the Other Threethe Units, Lease the Other Three Using The Above Method Your Student's Housing CostsUsing The Above Method Your Student's Housing Costs While at OSU Can be Drastically ReducedWhile at OSU Can be Drastically Reduced
  7. 7. The Enclave atThe Enclave at Copper CreekCopper Creek Financial ProspectusFinancial Prospectus The information contained on this website and from anyThe information contained on this website and from any communication related to this website is for informationalcommunication related to this website is for informational purposes only. C-Star Real Estate makes no claims orpurposes only. C-Star Real Estate makes no claims or guarantees regarding income, return on investment orguarantees regarding income, return on investment or success of any financial venturesuccess of any financial venture
  8. 8. Investor FinancialInvestor Financial ProspectusProspectus
  9. 9. Financial AssumptionsFinancial Assumptions Purchase PricePurchase Price $280,000.00$280,000.00 Down Payment 25%Down Payment 25% $ 70,000.00$ 70,000.00 $ 70,000.00$ 70,000.00 Loan AmountLoan Amount $210,000.00$210,000.00 ESTIMATED CLOSING COSTESTIMATED CLOSING COST Loan Fees 1%Loan Fees 1% $ 2,100.00$ 2,100.00 Appraisal FeesAppraisal Fees $ 500.00$ 500.00 TitleTitle $ 765.00$ 765.00 AbstractingAbstracting $ 200.00$ 200.00 SurveySurvey $ 200.00$ 200.00 Misc. Closing CostMisc. Closing Cost $ 250.00$ 250.00 ESTIMATED CLOSING COSTESTIMATED CLOSING COST $ 4,015.00$ 4,015.00 $ 4,015.00$ 4,015.00 TOTAL CASH INVESTMENTTOTAL CASH INVESTMENT $ 74,015.00$ 74,015.00 ASSUMPTIONS:ASSUMPTIONS: 3% Yearly Rent Increase3% Yearly Rent Increase 3% Yearly Expense Increase3% Yearly Expense Increase 3% Yearly Appreciation3% Yearly Appreciation LOAN ASSUMPTIONSLOAN ASSUMPTIONS 5% Interest Rate5% Interest Rate 30 Year Amortization30 Year Amortization
  10. 10. ProformaProforma Income Monthly Year 1 Year 2 Year 3 Year 4 Year 5 Gross Rent potential* 2,600 31,200 32,136 33,100 34,093 35,115 Vacancy Rate (5%) ( 1,560) ( 1,606) ( 1,655) ( 1,704) ( 1,755) Forfeited Deposits 300 400 500 600 Net Rental Income 29,640 30,830 31,845 32,888 33,960 Expenses Management Fee (6%) 1,778 1,849 1,910 1,973 2,037 Taxes/Insurance 4,200 4,326 4,455 4,589 4,727 Utilities 480 494 509 524 540 Common Area Fee 150 1,800 1,854 1,909 1,966 2,205 Mktg/Adv 300 309 318 327 337 Maintenance 300 900 1,100 1,500 2,000 Total Expenses 8,858 9,733 10,203 10,881 11,668 Cash Flow 20,781 21,096 21,641 22,006 22,291 * All decimals dropped in this proforma* All decimals dropped in this proforma
  11. 11. ProformaProforma Year 1 Year 2 Year 3 Year 4 Year 5 Loan Payment (5%, 30 Year Interest 10,429 10,271 10,104 9,929 9,745 Principal 3,098 3,256 3,423 3,598 3,782 Total 13,527 13,577 13,527 13,527 13,527 Income After Debt 7,253 7,568 8,113 6,478 8,763 Cash on Cash Return (%) 9.80 10.23 10.96 11.46 11.64 Return including Principal 13.99 14.63 15.59 16.32 16.95 Reduction Loan Balance 206,901 203,644 200,221 196,623 192,840 Property Value at 3% Appreciation 288,400 297,052 305,963 315,142 324,596 Estimated Equity 81,498 93,407 105,742 118,519 131,756
  12. 12. For Further Information RegardingFor Further Information Regarding The Enclave At Copper CreekThe Enclave At Copper Creek contactcontact Larry BrownLarry Brown C-Star Real EstateC-Star Real Estate 409 South Duck409 South Duck Stillwater, OklahomaStillwater, Oklahoma 405-533-3800 (office)405-533-3800 (office) 405-564-3109 (cell)405-564-3109 (cell)

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