RESIDENTIAL PORTFOLIO
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This document provides information on a portfolio of 38 single-family residential investment properties located within 30 miles of downtown Atlanta, Georgia. It includes an introduction to the investment opportunity in the Atlanta housing market, the investment being offered, 5-year financial projections forecasting returns of 8.99% annually and 53.77% cumulatively, and summaries of 3 sample properties in the portfolio with details like address, year built, bedrooms/bathrooms, area, asking price, annual income, insurance costs and property taxes.
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RESIDENTIAL PORTFOLIO
- 1. PORTFOLIO OF SELECTED SINGLE FAMILY RESIDENTIAL PROPERTIES ` `
- 2. Preliminary Statement Portfolio Of Selected Single Family Residential Properties | i This Summary is being furnished by Rothschild Capital, L.P. solely for use of the recipient and may not be copied or distributed to other persons. This document does not contain a complete statement of all information which might be relevant. Further information will be provided upon request. All information contained herein is preliminary and subject to change. While Rothschild Capital has no reason to believe that any of the information provided herein, or in subsequent information updates delivered, contains any material inaccuracies, neither Rothschild Capital nor its officers, directors, employees, agents or representatives make any representation or warranty, express or implied, (a) as to the accuracy of information from third-party sources included herein, (b) as to the validity of the assumptions contained herein or (c) that the actual performance of the project will be consistent with the projections included herein. All articles and related documents are never considered to be a solicitation for any purpose, in any form or content. Upon reading the articles and information herein, you hereby acknowledge this warning and disclaimer. All information provided is for informational purposes only, and shall not be relied upon as personal financial advice. Any reference to a specific strategy is only to assist in learning, and shall NEVER be relied upon when making future decisions.
- 3. Table of Contents Portfolio Of Selected Single Family Residential Properties | ii I. Introductionββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββ1 II. Investment Opportunityβββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββ2 III. Investment Offerβββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββ3 IV. Financial Projectionsβββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββ4 V. Portfolio of Selected Propertiesββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββ5 VI. Portfolio Rent Rollββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββ18
- 4. Introduction Portfolio Of Selected Single Family Residential Properties | 1 othschild Capital LP is a fully integrated and internally managed real estate investment company formed to acquire distressed or underperforming real estate assets. . We view the broad markets to help us use debt and equity in order to recapitalize and restructure existing real estate portfolios. Rothschild Capital LP also can assist strategic partners with debt and equity investments to acquire distressed real estate portfolios that have undertaken a thorough due diligence process. We believe that there is an excess demand for single family home rentals, driven by a fundamental imbalance between the supply of homes for rent and increasing consumer demand. Limited supply is evidenced by continuing low vacancy rates in multi-family properties across the United States. According to the JBREC, total renter households are expected to increase 22 % from 2010-2015. Assuming a lag in the supply of housing and with other variables held constant, substantial increase in demand for homes to rent and put upward pressure on house prices rental occupancy level and rental prices. R
- 5. Investment Opportunity Portfolio Of Selected Single Family Residential Properties | 2 The Atlanta metropolitan area is the most populous metro area in the State of Georgia and the ninth- largest metropolitan statistical area in the United States. Atlantaβs economic, cultural, and demographic center is Atlanta, Georgiaβs capital and largest city. The Atlanta Combined Statistical area spans 39 counties in Northern Georgia and has an estimated population in excess of 5.5 million people. Atlanta is the second largest metropolitan region in the Southeast and ranks fourth in the number of Fortune 500 companies. Atlanta experienced some of the largest residential property price declines following the subprime crisis of 2008 which created an unprecedented opportunity for investors to secure residential property well below replacement value. However, the Atlanta real estate market currently shows strong signs of recovery with the National Association of Realtors noting that the Atlanta residential market has experienced a 14.75 percent increase in the median house price since 2012 and a dramatic decrease in median number of days dwellings remain listed for sale. Atlanta is a top 10 city for housing markets in the country for investing in single family homes. Job growth, particularly in lower paying jobs, population growth and relatively low home prices are factors in making investments in single family homes as rental properties are nearly risk free opportunity. It is within this backdrop that Rothschild Capital has selected a portfolio of 38 very high quality single family residential investment properties contained within this offering. All homes feature Rothschildβs signature level of renovation which includes fresh paint, new floor coverings and all new appliances. In addition, every home needing HVAC units and other major repairs were meticulously repaired to like-new status if not replaced. Rothschild Capital is proud to place its name on this selected portfolio of investment properties currently made available to its investment partners. For further information, please feel free to contact Rothschildβs Acquisition Department at 415-992-9120 or at info@rothschildcapital1.com. Note: There is significant additional information available to potential investors including, though not limited to: floor plans, photos, lease summaries, property inspections, and other information.
- 6. Investment Offer Portfolio Of Selected Single Family Residential Properties | 3 Investment Assets: A portion of Rothschild Capitalβs Atlanta Single Family Residential Portfolio is being offered. The properties are either single family detached or townhome properties. The properties age is 1980 to present and each property has a minimum of three bedrooms, two bathroom as well as a minimum of 1,000 square feet. Rental rates in the area are particularly high in relation to the acquisition price of the asset and produces yields that meet expectations of individual investors and investment funds alike. Asset Location: The properties in the portfolio are all located within 30 miles of the central Atlanta business district and are close to amenities such as shopping, dining, health facilities and major highways. The propertiesβ locations are chosen due to their favorable supply and demand imbalances that support further growth in home prices. These locations were severely affected by the financial crisis but have strong market drivers going forward due to domestic migration and overall improvement in the market. Potential Investment: The purchase price of the portfolio of Rothschild Capital turn-key investment properties is $3,888,500. Indebtedness: The projections contained herein assume a non-leveraged position involving 100% equity. Projected Returns: Assuming the projections herein perform in substantial accord with the assumptions anticipated, the following returns should be expected: an annual internal rate of return above 8%, and cumulatively over 53% over 5 years as shown on the projections next page following. NOTE: All properties can be purchased in bulk or separately.
- 7. Financial Projections Portfolio Of Selected Single Family Residential Properties | 4 PROPERTY LEVEL End of Year 1 2 3 4 5 End of Month Dec Dec Dec Dec Dec MONTHLY INCOME STATEMENT Income Revenue 37,648 38,401 39,169 39,952 40,751 Expense (9,864) (10,040) (10,219) (10,402) (10,588) Insurance (1,935) (1,974) (2,014) (2,055) (2,096) Property Taxes (3,035) (3,096) (3,159) (3,223) (3,288) Property Management (3,765) (3,840) (3,917) (3,995) (4,075) Association Fees 0 0 0 0 0 Commissions on Turn-Over 0 0 0 0 0 Closing Cost 0 0 0 0 0 Interest Expense 0 0 0 0 0 Vacancy (1,129) (1,129) (1,129) (1,129) (1,129) Net Income 27,784 28,361 28,950 29,550 30,163 Add: Interest Expense 0 0 0 0 0 EBITDA 27,784 28,361 28,950 29,550 30,163 Monthly Debt Repayment 0 0 0 0 0 Debt Paid Down 0 0 0 0 0 Free Cash Flow 27,784 28,361 28,950 29,550 30,163 BALANCE SHEET House Value 3,966,987 4,047,058 4,128,745 4,212,081 4,297,099 Retained Cash 333,945 674,830 1,022,792 1,377,973 1,740,517 Asset 4,300,932 4,721,888 5,151,537 5,590,054 6,037,616 Debt 0 0 0 0 0 Equity (3,926,500) 4,300,932 4,721,888 5,151,537 5,590,054 6,037,616 IRR - 5 Year 8.99% 5 Year Cumulative 53.77% NOTE: The above projections are based on current actual performance of the selected portfolio of assets as well as reasonable market based assumptions of future economic results. While Rothschild Capital has made every effort to ensure the accuracy of these projections, it cannot guarantee such results. It is expected the investor(s) will undertake its own due diligence regarding this selected portfolio of assets prior to purchasing.
- 8. Portfolio of Selected Properties Portfolio Of Selected Single Family Residential Properties | 5 Property Features 233 Holly Creek Way Woodstock, GA 30188 Year Built BR/BA Area 1984 3/2 1604 Asking Price 154,000 Gross Annual Income 14,664 Insurance 600 Taxes 1,227 Property Features 1850 Winding Creek Lane Marietta, GA 30064 Year Built BR/BA Area 1982 3/2 1518 Asking Price 130,000 Gross Annual Income 14,868 Insurance 600 Taxes 1,198 Property Features 3170 Beaver Drive Douglasville, GA 30135 Year Built BR/BA Area 1982 4/3 1335 Asking Price 95,000 Gross Annual Income 12,420 Insurance 600 Taxes 1,200
- 9. Portfolio of Selected Properties Portfolio Of Selected Single Family Residential Properties | 6 Property Features 4289 Westglen Road Ellenwood, GA 30294 Year Built BR/BA Area 1998 3/2 1176 Asking Price 80,000 Gross Annual Income 10,620 Insurance 600 Taxes 1,100 Property Features 3539 Weathered Wood Drive Ellenwood, GA 30294 Year Built BR/BA Area 1980 3/2 1826 Asking Price 90,000 Gross Annual Income 11,436 Insurance 600 Taxes 500 Property Features 5009 Gracehill Road Lithonia, GA 30038 Year Built BR/BA Area 1985 3/2.5 1370 Asking Price 80,000 Gross Annual Income 10,848 Insurance 600 Taxes 700
- 10. Portfolio of Selected Properties Portfolio Of Selected Single Family Residential Properties | 7 Property Features 3027 Mill Trace Douglasville, GA 30135 Year Built BR/BA Area 1984 3/2 1258 Asking Price 79,000 Gross Annual Income 11,316 Insurance 600 Taxes 1,000 Property Features 1085 Lakeside Circle Covington, GA 30016 Year Built BR/BA Area 2002 3/2 1300 Asking Price 75,000 Gross Annual Income 10,428 Insurance 600 Taxes 1,000 Property Features 3241 Grand Central Drive Snellville, GA 30078 Year Built BR/BA Area 1980 3/2 1260 Asking Price 94,000 Gross Annual Income 12,588 Insurance 600 Taxes 1,500
- 11. Portfolio of Selected Properties Portfolio Of Selected Single Family Residential Properties | 8 Property Features 6955 Old Bethsaida Way Riverdale, GA 30296 Year Built BR/BA Area 1995 3/2 1416 Asking Price 94,000 Gross Annual Income 11,628 Insurance 600 Taxes 1,238 Property Features 6532 Mitchell Lane Mableton, GA 30126 Year Built BR/BA Area 1980 4/2 1469 Asking Price 108,000 Gross Annual Income 12,528 Insurance 600 Taxes 664 Property Features 1111 Oakwood Manor Cove Decatur, GA 30032 Year Built BR/BA Area 1991 3/2.5 1700 Asking Price 94,000 Gross Annual Income 11,364 Insurance 600 Taxes 1,200
- 12. Portfolio of Selected Properties Portfolio Of Selected Single Family Residential Properties | 9 Property Features 6091 Castleton Lane Forest park, GA 30297 Year Built BR/BA Area 1993 3/2 1290 Asking Price 77,000 Gross Annual Income 10,032 Insurance 600 Taxes 700 Property Features 6148 Pine Dale Lane Douglasville, GA 30135 Year Built BR/BA Area 1981 5/3 1577 Asking Price 110,000 Gross Annual Income 12,636 Insurance 600 Taxes 938 Property Features 842 River Glen Place Riverdale, GA 30296 Year Built BR/BA Area 1989 3/2 1446 Asking Price 75,000 Gross Annual Income 10,200 Insurance 600 Taxes 125
- 13. Portfolio of Selected Properties Portfolio Of Selected Single Family Residential Properties | 10 Property Features 135 Bond Drive Ellenwood, GA 30294 Year Built BR/BA Area 1996 3/2 1210 Asking Price 87,000 Gross Annual Income 10,392 Insurance 600 Taxes 600 Property Features 2827 Snapfinger Manor Decatur, GA 30035 Year Built BR/BA Area 2003 3/2.5 1461 Asking Price 68,500 Gross Annual Income 10,548 Insurance 600 Taxes 135 Property Features 5395 Robertson Path Lithonia, GA 30038 Year Built BR/BA Area 1990 3/2 1630 Asking Price 88,000 Gross Annual Income 11,328 Insurance 600 Taxes 1,394
- 14. Portfolio of Selected Properties Portfolio Of Selected Single Family Residential Properties | 11 Property Features 5575 Stewart Woods Drive Douglasville, GA 30135 Year Built BR/BA Area 1993 3/2.5 1904 Asking Price 135,000 Gross Annual Income 14,688 Insurance 600 Taxes 600 Property Features 10365 Briarbay Drive Jonesboro, GA 30238 Year Built BR/BA Area 1987 3/2.5 1065 Asking Price 75,000 Gross Annual Income 9,924 Insurance 600 Taxes 715 Property Features 2235 Clinchfield Court Snellville, GA 30078 Year Built BR/BA Area 1984 3/3 1292 Asking Price 115,000 Gross Annual Income 13,356 Insurance 600 Taxes 1,300
- 15. Portfolio of Selected Properties Portfolio Of Selected Single Family Residential Properties | 12 Property Features 2174 Cobb Creek Drive Decatur, GA 30032 Year Built BR/BA Area 1992 4/3 2596 Asking Price 128,000 Gross Annual Income 13,896 Insurance 600 Taxes 500 Property Features 7503 Congregation Street Fairburn, GA 30213 Year Built BR/BA Area 2007 3/2.5 1848 Asking Price 118,000 Gross Annual Income 13,980 Insurance 600 Taxes 746 Property Features 105 Whitehead Drive Covington, GA 30016 Year Built BR/BA Area 1999 3/2 1300 Asking Price 78,000 Gross Annual Income 10,500 Insurance 600 Taxes 500
- 16. Portfolio of Selected Properties Portfolio Of Selected Single Family Residential Properties | 13 Property Features 1228 West Wylie Bridge Road Woodstock, GA 30188 Year Built BR/BA Area 1992 3/2 1244 Asking Price 132,000 Gross Annual Income 13,872 Insurance 600 Taxes 1,245 Property Features 11901 Fairway Overlook Fayetteville, GA 30215 Year Built BR/BA Area 1998 3/2 1533 Asking Price 115,000 Gross Annual Income 11,424 Insurance 600 Taxes 1149 Property Features 2617 Wicklow Way Powder Springs, GA 30127 Year Built BR/BA Area 1988 3/2 1677 Asking Price 130,000 Gross Annual Income 14,112 Insurance 600 Taxes 993
- 17. Portfolio of Selected Properties Portfolio Of Selected Single Family Residential Properties | 14 Property Features 634 Ridge Way Lithonia, GA 30058 Year Built BR/BA Area 1993 3/2 1612 Asking Price 77,000 Gross Annual Income 10,200 Insurance 600 Taxes 1,186 Property Features 323 Rodgers Court SE Conyers, GA 30094 Year Built BR/BA Area 1980 4/2 1430 Asking Price 82,000 Gross Annual Income 10,800 Insurance 600 Taxes 500 Property Features 1963 Oakleaf Lane Lithia Springs, GA 30122 Year Built BR/BA Area 1993 3/2 1774 Asking Price 108,000 Gross Annual Income 12,600 Insurance 600 Taxes 1,378
- 18. Portfolio of Selected Properties Portfolio Of Selected Single Family Residential Properties | 15 Property Features 4450 Carriage Park Drive Lithonia, GA 30038 Year Built BR/BA Area 1998 3/2.5 2304 Asking Price 118,000 Gross Annual Income 13,800 Insurance 600 Taxes 754 Property Features 2470 Sherrie Lane SW Conyers, GA 30094 Year Built BR/BA Area 1988 3/2.5 2000 Asking Price 114,000 Gross Annual Income 13,800 Insurance 600 Taxes 2,000 Property Features 3956 Wintersweet Drive Decatur, GA 30034 Year Built BR/BA Area 1989 3/2.5 1838 Asking Price 94,000 Gross Annual Income 12,000 Insurance 600 Taxes 1,000
- 19. Portfolio of Selected Properties Portfolio Of Selected Single Family Residential Properties | 16 Property Features 3105 Springside Crossing Decatur, GA 30034 Year Built BR/BA Area 1990 3/2 1317 Asking Price 85,000 Gross Annual Income 10,800 Insurance 600 Taxes 881 Property Features 6160 Forrest Avenue Union City, GA 30291 Year Built BR/BA Area 2000 3/2 1260 Asking Price 77,000 Gross Annual Income 9,900 Insurance 600 Taxes 240 Property Features 6258 Leverett Drive Lithonia, GA 30038 Year Built BR/BA Area 1987 3/2.5 1274 Asking Price 79,000 Gross Annual Income 10,200 Insurance 600 Taxes 1,459
- 20. Portfolio of Selected Properties Portfolio Of Selected Single Family Residential Properties | 17 Property Features 3922 West Wood Path Stone Mountain, GA 30083 Year Built BR/BA Area 1983 3/2 1430 Asking Price 75,000 Gross Annual Income 10,200 Insurance 600 Taxes 1,150 Property Features 4784 White Oak Trail Stone Mountain, GA 30088 Year Built BR/BA Area 1983 4/2 2080 Asking Price 85,000 Gross Annual Income 11,880 Insurance 600 Taxes 1,045
- 21. Portfolio Rent Roll Portfolio Of Selected Single Family Residential Properties | 18 # Unit Asking Price Rent Insurance Tax Year Built BR/BA Area Lease From Lease To 1 233 Holly Creek Way 154,000 14,664 600 1,227 1984 3/2 1,604 Vacant 2 1850 Winding Creek Lane 130,000 14,868 600 1,198 1982 3/2 1,518 Vacant 3 3170 Beaver Drive 95,000 12,420 600 1,200 1982 4/3 1,335 Vacant 4 4289 Westglen Road 80,000 10,620 600 1,100 1998 3/2 1,176 Vacant 5 3539 Weathered Wood Drive 90,000 11,436 600 500 1980 3/2 1,826 Vacant 6 5009 Gracehill Road 80,000 10,848 600 700 1985 3/2.5 1,370 Vacant 7 3027 Mill Trace 79,000 11,316 600 1,000 1984 3/2 1,258 Vacant 8 1085 Lakeside Circle 75,000 10,428 600 1,000 2002 3/2 1,300 Vacant 9 3241 Grand Central Drive 94,000 12,588 600 1,500 1980 3/2 1,260 Vacant 10 6955 Old Bethsaida Way 94,000 11,628 600 1,238 1995 3/2 1,416 Vacant 11 6532 Mitchell Lane 108,000 12,528 600 664 1980 4/2 1,469 Vacant 12 1111 Oakwood Manor Cove 94,000 11,364 600 1,200 1991 3/2.5 1,700 Vacant 13 6091 Castleton Lane 77,000 10,032 600 700 1993 3/2 1,290 Vacant 14 6148 Pine Dale Lane 110,000 12,636 600 938 1981 5/3 1,577 Vacant 15 842 River Glen Place 75,000 10,200 600 125 1989 3/2 1,446 Vacant 16 135 Bond Drive 87,000 10,392 600 600 1996 3/2 1,210 Vacant 17 2827 Snapfinger Manor 68,500 10,548 600 135 2003 3/2.5 1,461 Vacant 18 5395 Robertson Path 88,000 11,328 600 1,394 1990 3/2 1,630 Vacant 19 5575 Stewart Woods Drive 135,000 14,688 600 600 1993 3/2.5 1,904 Vacant 20 10365 Briarbay Drive 75,000 9,924 600 715 1987 3/2.5 1,065 Vacant 21 2235 Clinchfield Court 115,000 13,356 600 1,300 1984 3/3 1,292 Vacant 22 2174 Cobb Creek Drive 128,000 13,896 600 500 1992 4/3 2,596 Vacant 23 7503 Congregation Street 118,000 13,980 600 746 2007 3/2.5 1,848 Vacant 24 105 Whitehead Drive 78,000 10,500 600 500 1999 3/2 1,300 Vacant 25 1228 West Wylie Bridge Road 132,000 13,872 600 1,245 1992 3/2 1,244 Vacant 26 11901 Fairway Overlook 115,000 11,424 600 1,149 1998 3/2 1,533 Vacant 27 2617 Wicklow Way 130,000 14,112 600 993 1988 3/2 1,677 Vacant 28 634 Ridge Way 77,000 10,200 600 1,186 1993 3/2 1,612 2014/06/01 2015/05/31
- 22. Portfolio Rent Roll Portfolio Of Selected Single Family Residential Properties | 19 # Unit Asking Price Rent Insurance Tax Year Built BR/BA Area Lease From Lease To 29 323 Rodgers Court SE 82,000 10,800 600 500 1980 4/2 1,430 2014/07/25 2015/07/31 30 1963 Oakleaf Lane 108,000 12,600 600 1,378 1993 3/2 1,774 2014/04/26 2015/04/30 31 4450 Carriage Park Drive 118,000 13,800 600 754 1998 3/2.5 2,304 2014/06/14 2015/06/30 32 2470 Sherrie Lane SW 114,000 13,800 600 2,000 1988 3/2.5 2,000 2014/07/10 2015/07/30 33 3956 Wintersweet Drive 94,000 12,000 600 1,000 1989 3/2.5 1,838 2014/07/14 2015/07/31 34 3105 Springside Crossing 85,000 10,800 600 881 1990 3/2 1,317 2014/08/29 2015/08/31 35 6160 Forrest Avenue 77,000 9,900 600 240 2000 3/2 1,260 - 2014/12/31 36 6258 Leverett Drive 79,000 10,200 600 1,459 1987 3/2.5 1,274 2014/06/01 2015/05/31 37 3922 West Wood Path 75,000 10,200 600 1,150 1983 3/2 1,430 2014/06/01 2015/05/31 38 4784 White Oak Trail 85,000 11,880 600 1,045 1983 4/2 2,080 2014/06/01 2015/05/31
- 23. PORTFOLIO OF SELECTED SINGLE FAMILY RESIDENTIAL PROPERTIES