38 single family assets msa atlanta ga

PORTFOLIO OF SELECTED

SINGLE FAMILY RESIDENTIAL PROPERTIES

` `

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.

Table of Contents

Portfolio Of Selected Single Family Residential Properties | ii

I. Introduction∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙1

II. Investment Opportunity∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙2

III. Investment Offer∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙3

IV. Financial Projections∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙4

V. Portfolio of Selected Properties∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙5

VI. Portfolio Rent Roll∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙18

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

Investment Opportunity


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. Atlanta’s economic, cultural, and

demographic center is Atlanta, Georgia’s 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 Rothschild’s

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

Rothschild’s Acquisition Department at 415-992-9120 or at [email protected].

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.

Investment Offer


Investment Assets: A portion of Rothschild Capital’s 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 properties’

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.

Financial Projections


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.

Portfolio of Selected Properties


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


1982 3/2 1518



Insurance 600

Taxes 1,198

Property Features

3170 Beaver Drive

Douglasville, GA 30135


1982 4/3 1335

Asking Price 95,000


Insurance 600

Taxes 1,200



Property Features

4289 Westglen Road

Ellenwood, GA 30294


1998 3/2 1176

Asking Price 80,000


Insurance 600

Taxes 1,100

Property Features

3539 Weathered Wood Drive

Ellenwood, GA 30294


1980 3/2 1826

Asking Price 90,000


Insurance 600

Taxes 500

Property Features

5009 Gracehill Road

Lithonia, GA 30038


1985 3/2.5 1370

Asking Price 80,000


Insurance 600

Taxes 700



Property Features

3027 Mill Trace



1984 3/2 1258

Asking Price 79,000


Insurance 600

Taxes 1,000

Property Features

1085 Lakeside Circle

Covington, GA 30016


2002 3/2 1300

Asking Price 75,000


Insurance 600

Taxes 1,000

Property Features

3241 Grand Central Drive

Snellville, GA 30078


1980 3/2 1260

Asking Price 94,000


Insurance 600

Taxes 1,500



Property Features

6955 Old Bethsaida Way

Riverdale, GA 30296


1995 3/2 1416

Asking Price 94,000


Insurance 600

Taxes 1,238

Property Features

6532 Mitchell Lane

Mableton, GA 30126


1980 4/2 1469



Insurance 600

Taxes 664

Property Features

1111 Oakwood Manor Cove

Decatur, GA 30032


1991 3/2.5 1700

Asking Price 94,000


Insurance 600

Taxes 1,200



Property Features

6091 Castleton Lane

Forest park, GA 30297


1993 3/2 1290

Asking Price 77,000


Insurance 600

Taxes 700

Property Features

6148 Pine Dale Lane



1981 5/3 1577



Insurance 600

Taxes 938

Property Features

842 River Glen Place

Riverdale, GA 30296


1989 3/2 1446

Asking Price 75,000


Insurance 600

Taxes 125



Property Features

135 Bond Drive

Ellenwood, GA 30294


1996 3/2 1210

Asking Price 87,000


Insurance 600

Taxes 600

Property Features

2827 Snapfinger Manor

Decatur, GA 30035


2003 3/2.5 1461

Asking Price 68,500


Insurance 600

Taxes 135

Property Features

5395 Robertson Path

Lithonia, GA 30038


1990 3/2 1630

Asking Price 88,000


Insurance 600

Taxes 1,394



Property Features

5575 Stewart Woods Drive



1993 3/2.5 1904



Insurance 600

Taxes 600

Property Features

10365 Briarbay Drive

Jonesboro, GA 30238


1987 3/2.5 1065

Asking Price 75,000


Insurance 600

Taxes 715

Property Features

2235 Clinchfield Court

Snellville, GA 30078


1984 3/3 1292



Insurance 600

Taxes 1,300



Property Features

2174 Cobb Creek Drive

Decatur, GA 30032


1992 4/3 2596



Insurance 600

Taxes 500

Property Features

7503 Congregation Street

Fairburn, GA 30213


2007 3/2.5 1848



Insurance 600

Taxes 746

Property Features

105 Whitehead Drive

Covington, GA 30016


1999 3/2 1300

Asking Price 78,000


Insurance 600

Taxes 500



Property Features

1228 West Wylie Bridge Road

Woodstock, GA 30188


1992 3/2 1244



Insurance 600

Taxes 1,245

Property Features

11901 Fairway Overlook

Fayetteville, GA 30215


1998 3/2 1533



Insurance 600

Taxes 1149

Property Features

2617 Wicklow Way

Powder Springs, GA 30127


1988 3/2 1677



Insurance 600

Taxes 993



Property Features

634 Ridge Way

Lithonia, GA 30058


1993 3/2 1612

Asking Price 77,000


Insurance 600

Taxes 1,186

Property Features

323 Rodgers Court SE

Conyers, GA 30094


1980 4/2 1430

Asking Price 82,000


Insurance 600

Taxes 500

Property Features

1963 Oakleaf Lane

Lithia Springs, GA 30122


1993 3/2 1774



Insurance 600

Taxes 1,378



Property Features

4450 Carriage Park Drive

Lithonia, GA 30038


1998 3/2.5 2304



Insurance 600

Taxes 754

Property Features

2470 Sherrie Lane SW

Conyers, GA 30094


1988 3/2.5 2000



Insurance 600

Taxes 2,000

Property Features

3956 Wintersweet Drive

Decatur, GA 30034


1989 3/2.5 1838

Asking Price 94,000


Insurance 600

Taxes 1,000



Property Features

3105 Springside Crossing

Decatur, GA 30034


1990 3/2 1317

Asking Price 85,000


Insurance 600

Taxes 881

Property Features

6160 Forrest Avenue

Union City, GA 30291


2000 3/2 1260

Asking Price 77,000


Insurance 600

Taxes 240

Property Features

6258 Leverett Drive

Lithonia, GA 30038


1987 3/2.5 1274

Asking Price 79,000


Insurance 600

Taxes 1,459



Property Features

3922 West Wood Path

Stone Mountain, GA 30083


1983 3/2 1430

Asking Price 75,000


Insurance 600

Taxes 1,150

Property Features

4784 White Oak Trail

Stone Mountain, GA 30088


1983 4/2 2080

Asking Price 85,000


Insurance 600

Taxes 1,045

Portfolio Rent Roll


# 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

Portfolio Rent Roll


# 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

PORTFOLIO OF SELECTED

SINGLE FAMILY RESIDENTIAL PROPERTIES

38 single family assets msa atlanta ga

Real Estate