About 80 Door Package
80-Door Portfolio Summary -- NW Ohio
Acquisition Price: $9,999,315.00 ($124,991.00 / door)
Asset Mix: 79 buildings / 80 doors (78 single-family homes + 1 duplex)
Occupancy: 95% stabilized (5% vacancy rate)
Financial & Return Metrics:
Average Rent / Door: $1,170.04/month
Gross Monthly Income: $93,603.20
Gross Annual Income: $1,123,238.40
Expense Ratio: 28.78%
Net Operating Income (NOI): $799,945.27 / year
Cap Rate: 8.00%
Estimated Annual Debt Service: $636,101.28
Debt Service Coverage Ratio (DSCR): 1.26
Net Monthly Cash Flow: $13,635.67
Annual Cash Flow: $163,628.04
Pre-Value-Add, Cash-on-Cash Return (CoC): 6.55%
Key Upside:
In-place cash flow from day one with ~95% occupancy.
Major value-add potential: While many of the units are stabilized, many units sit below market rent, offering immediate revenue expansion on lease renewals and operational mark-to-market.
