David Terbeek presents financial information for a multi-family property located at 16107 Arcade in Cleveland, OH. The current purchase price is $50,000. Recent renovations include new electric boxes, furnaces, water heaters, and windows. Current management has stabilized occupancy. The finances show a monthly net cash flow of $855 under current terms, increasing to $989 with a few minor adjustments such as a tax petition and exterior painting. Terbeek at Re/Max Haven Realty sees upside potential from raising rents on the rehabbed units.

1. Financials were created by D Terbeek based on
information provided by seller.
Current Proposed Current Proposed
Purchase Price 50,000 50,000 GRM: 2.61 2.61
Cap Rate: 20.5% 23.7%
Scheduled Gross Rent 19,140 19,140 Exp ratio: 28.9% 19.8%
Cash on cash: 72.2% 88.4%
Less Vacancy (10%) (957) (957)
Less taxes (2,594) (856) *Petition filed Jan '09
Less water/sewer (840) (1,020) *Gross up for 100% occ
Less gas (water heater only) (480) (600) *Gross up for 100% occ
Less electricty ‐ ‐
Less insurance (900) (720) *Rate going down upon exterior painting
Less Management (1,914) (1,914)
Less other expenses (1,200) (1,200) *$30/mon contract for lawn
Net Operating Income (NOI) 10,255 11,873
Monthly net cash flow 855 989
Downpayment (20%) 10,000 10,000
Debt Service at 6.5% 3,034 3,034
Annual Cashflow 7,221 8,839
Suite Mix / Average Rent:
3 Bedroom:
16107 Arcade, Cleveland OH
3 Bedroom:
2 Bedroom: 4 $399
1 Bedroom:
Efficiency:
Recent Capital Improvements:
Recent rehab to include new electric boxes, newer furnaces & HWT
All suites rehabbed in last couple years
All newer windows
Security features including lighting and security doors on exterior
3 Stove, 2 refrigerators are owned by property
*Last improvement needed is exterior paint quoted at $3,000
Presented by:
David Terbeek, ABR, CDPE, MBA
216‐926‐2900
www.ClevelandROI.com
Dave@ClevelandROI.com
Re/Max Haven Realty

2. 16107 Arcade, Cleveland OH
David Terbeek at Re/Max Haven Realty presents 16107 Arcade, Cleveland OH.
Situated in the North Collinwood area this asset has been significantly updated
www.ClevelandROI.com
Presented by:
David Terbeek, ABR, CDPE, MBA
Re/Max Haven Realty
216‐926‐2900
Dave@ClevelandROI.com
David Terbeek at Re/Max Haven Realty presents 16107 Arcade, Cleveland OH.
Situated in the North Collinwood area, this asset has been significantly updated
in the last few years to include all new mechanics & windows. The cosmetics are
almost all complete. Current management has stabalized the property. Rents
are slightly low providing upside for new management.