{"id":1382,"date":"2012-07-25T14:07:27","date_gmt":"2012-07-25T14:07:27","guid":{"rendered":"http:\/\/nihongo-de-columbus.com\/?p=1382"},"modified":"2024-03-04T14:24:55","modified_gmt":"2024-03-04T14:24:55","slug":"%e3%80%90investment-property%e3%80%91summit-view-woods","status":"publish","type":"post","link":"https:\/\/xpat-homes.com\/expat\/voices\/inv-play-by-play\/%e3%80%90investment-property%e3%80%91summit-view-woods\/","title":{"rendered":"\u3010Investment Property\u3011Summit View Woods"},"content":{"rendered":"

\"\"<\/a><\/p>\n

Gary’s first investment property was a four unit apartment building. \u00a0The building needed constant upkeep and it took a lot of creativity to collect rents from tenants. \u00a0After capital improvement back into the building, there had been no cash flow. \u00a0He was looking for a property that generates cash flow and is somewhat handsfree.
\nI presented this opportunity to Gary in July 2012. \u00a0A family moving from Michigan wanted to write a two year lease to this 4 Bed\/2.5 Bath\/2 Car Garage house in Powell. \u00a0The husband’s employer pays them housing allowance equal to the rent they are willing to pay. \u00a0According to the 10 year financial forecast I created, the CAP Rate (NOI) is 8%, cash flow $6,000-7,000 and the payoff comes in the 3rd year. \u00a0It is in Dublin school district and Chapman Elementary School is within walking distance!<\/p>\n

Gary made an offer to the property on July 6, 2012. \u00a0After 6 days and 6 counter offers, he went into a contract for the price that satisfied him and the return numbers. \u00a0However, toughest part of negotiation was still awaiting him. \u00a0The tenant asked him to raise the rent by $50 to include mowing : )<\/p>\n

After an inspection, remedy request, negotiation, all the things Gary requested are repaired by the Seller. \u00a0The tenants moved in happily.<\/p>\n

\u30104 Bed\/2.5 Bath\/2 Car Garage Single Family Home in Powell\u3011
\n10 year forecast of the investment
\nnet operating income around $16,500\/year
\ncap rate\/year (NOI) \u00a08%
\npay off comes in the 3rd year<\/p>\n","protected":false},"excerpt":{"rendered":"

Gary’s first investment property was a four unit apartment building. \u00a0The building needed constant upkeep and it took a lot of creativity to collect rents from tenants. \u00a0After capital improvement back into the building, there had been no cash flow. \u00a0He was looking for a property that generates cash flow and is somewhat handsfree. I presented this opportunity to Gary in July 2012. \u00a0A family moving from Michigan wanted to write a two year lease to this 4 Bed\/2.5 Bath\/2 Car Garage house in Powell. \u00a0The husband’s employer pays them housing allowance equal to the rent they are willing to pay. \u00a0According to the 10 year financial forecast I created, the CAP Rate (NOI) is 8%, cash flow $6,000-7,000 and the payoff comes in the 3rd year. \u00a0It is in Dublin school district and Chapman Elementary School is within walking distance! Gary made an offer to the property on July 6, 2012. \u00a0After 6 days and 6 counter offers, he went into a contract for the price that satisfied him and the return numbers. \u00a0However, toughest part of negotiation was still awaiting him. \u00a0The tenant asked him to raise the rent by $50 to include mowing : ) After an inspection, remedy request, negotiation, all the things Gary requested are repaired by the Seller. \u00a0The tenants moved in happily. \u30104 Bed\/2.5 Bath\/2 Car Garage Single Family Home in Powell\u3011 10 year forecast of the investment net operating income around $16,500\/year cap rate\/year (NOI) \u00a08% pay off comes in the 3rd […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"class_list":["post-1382","post","type-post","status-publish","format-standard","hentry","category-inv-play-by-play"],"_links":{"self":[{"href":"https:\/\/xpat-homes.com\/expat\/wp-json\/wp\/v2\/posts\/1382","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/xpat-homes.com\/expat\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/xpat-homes.com\/expat\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/xpat-homes.com\/expat\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/xpat-homes.com\/expat\/wp-json\/wp\/v2\/comments?post=1382"}],"version-history":[{"count":4,"href":"https:\/\/xpat-homes.com\/expat\/wp-json\/wp\/v2\/posts\/1382\/revisions"}],"predecessor-version":[{"id":30154,"href":"https:\/\/xpat-homes.com\/expat\/wp-json\/wp\/v2\/posts\/1382\/revisions\/30154"}],"wp:attachment":[{"href":"https:\/\/xpat-homes.com\/expat\/wp-json\/wp\/v2\/media?parent=1382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xpat-homes.com\/expat\/wp-json\/wp\/v2\/categories?post=1382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xpat-homes.com\/expat\/wp-json\/wp\/v2\/tags?post=1382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}