realnex investment analysis software · hilltop manor pro forma summary 1101 n 48th ave omaha, ne...
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Hilltop Manor
1101 N 48th Ave, Omaha, NE 68132
Jake Denker
Executive Vice President
4029687664
NE#20140150
209 S 19th Street, Suite 675Omaha, Nebraska 681924023175697 (p)www.sagecapitalinvestments.com
Asking Price: $1,402,500●
Immediate upside with rentincreases
●
Hardwood Floors in Units●
Can be purchased as part of a140 unit Portfolio
●
Mix of One, Two, and Threebedroom units
●
Real Estate Investment DetailsHilltop Manor
1101 N 48th AveOmaha, NE 68132
Jake Denker4029687664
Analysis
Analysis Date April 2017
Property
Property Hilltop Manor
Property Address 1101 N 48th AveOmaha, NE 68132
Year Built 1961
Financial Information
All Cash
Purchase Information
Property Type MultiFamily
Purchase Price $1,402,500
Units 33
Total Rentable Sq. Ft. 20,208
Loans
Type Debt Term Amortization Rate Payment LO Costs
All Cash
Income & Expenses
Gross Operating Income $213,840
Monthly GOI $17,820
Total Annual Expenses ($100,146)
Monthly Expenses ($8,346)
Contact Information
Jake Denker
4029687664
NE#20140150
The calculations and data presented are deemed to be accurate, but not guaranteed. They are intended for the purpose of illustrative projectionsand analysis. The information provided is not intended to replace or serve as substitute for any legal, accounting, investment, real estate, tax orother professional advice, consultation or service. The user of this software should consult with a professional in the respective legal, accounting,tax or other professional area before making any decisions.
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Property PhotosHilltop Manor
1101 N 48th AveOmaha, NE 68132
Jake Denker4029687664
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Pro Forma SummaryHilltop Manor
1101 N 48th AveOmaha, NE 68132
Jake Denker4029687664
UNIT MIX & ANNUAL SCHEDULED INCOME
Type Units Actual Total Market Total
0+1 2 $4,350 $8,700 $6,000 $12,000
1+1 13 $5,063 $65,820 $6,300 $81,900
2+1 12 $7,070 $84,840 $7,800 $93,600
3+1 6 $8,060 $48,360 $9,540 $57,240
TOTALS 33 $207,720 $244,740
ANNUALIZED INCOMEActual Market
Gross Potential Rent $207,720 $244,740
Less: Vacancy $0 ($12,237)
Misc. Income $6,120 $18,000
Effective Gross Income $213,840 $250,503
Less: Expenses ($100,146) ($102,396)
Net Operating Income $113,694 $148,107
ANNUALIZED EXPENSES
Actual MarketProperty Management Fee $10,692 $12,237
Accounting $500 $500
Advertising $750 $755
Building Insurance $11,260 $11,260
General Supplies $11,996 $12,000
Grounds Maintenance $3,600 $3,600
Alarm and Security $487 $487
Janitorial $1,250 $1,250
Legal $425 $425
Maintenance $4,626 $4,626
Bank Fees $356 $356
Repairs $3,420 $3,500
Taxes - Real Estate $25,860 $26,000
Trash Removal $1,200 $1,200
Utility - Electricity $2,664 $2,700
Utility - Water/Sewer/Gas $21,060 $21,500
Total Expenses $100,146 $102,396
Expenses Per RSF $4.96 $5.07
Expenses Per Unit $3,035 $3,103
**Actual income based off Rent Roll. ProForma (Market) based off rent comps with 5% vacancyrate.**
INVESTMENT SUMMARY
Price: $1,402,500
Year Built: 1961
Units: 33
Price/Unit: $42,500
RSF: 20,208
Price/RSF: $69.40
Lot Size: 41,382 sf
Floors: 3
Cap Rate: 8.11%
Market Cap Rate: 10.56%
GRM: 6.56
Market GRM: 5.34
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Unit Rent RollHilltop Manor
1101 N 48th AveOmaha, NE 68132
Jake Denker4029687664
Unit Description Approx. Sq. Ft. Current Rent Pro Forma Rent Comments
1 2+1 600 $585 $650
2 1+1 524 $455 $525
3 2+1 600 $585 $650
4 1+1 524 $0 $525 VACANT
5 1+1 524 $480 $525
6 2+1 600 $585 $650
7 1+1 524 $455 $525
8 2+1 600 $565 $650
9 3+1 900 $650 $795
10 0+1 350 $350 $500
11 3+1 900 $650 $795
12 3+1 900 $650 $795
14 1+1 524 $375 $525
15 2+1 600 $600 $650
16 1+1 524 $470 $525
17 2+1 600 $610 $650
18 1+1 524 $485 $525
19 3+1 900 $700 $795
20 1+1 524 $465 $525
21 2+1 600 $585 $650
22 1+1 524 $455 $525
23 2+1 600 $585 $650
24 3+1 900 $715 $795
25 0+1 350 $375 $500
26 2+1 700 $585 $650
27 1+1 524 $455 $525
28 2+1 600 $600 $650
29 1+1 524 $465 $525
30 3+1 900 $665 $795
31 1+1 524 $470 $525
32 2+1 600 $600 $650
33 1+1 524 $455 $525
34 2+1 600 $585 $650
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DemographicsHilltop Manor
1101 N 48th AveOmaha, NE 68132
Jake Denker4029687664
Population Characteristic 1 Mile 3 Mile 5 Mile
AGES 0-4 1,679 11,013 21,926
AGES 5-9 1,915 12,489 24,980
AGES 10-14 1,578 10,368 21,064
AGES 15-19 1,405 9,421 19,348
AGES 20-24 1,376 9,497 19,052
AGES 25-29 1,464 9,979 19,242
AGES 30-34 1,632 10,538 19,580
AGES 35-39 1,770 10,855 19,757
AGES 40-44 1,825 10,867 19,876
AGES 45-49 1,779 10,605 19,691
AGES 50-54 1,627 9,800 18,536
AGES 55-59 1,454 8,771 16,861
AGES 60-64 1,170 7,337 14,402
AGES 65-69 825 5,657 11,486
AGES 70-74 560 4,201 8,828
AGES 75-79 326 3,040 6,514
AGES 80-84 155 2,019 4,441
AGES 85+ 279 3,912 8,304
Household Income 1 Mile 3 Mile 5 Mile
Median Household Income $35,150 $36,087 $38,903
< $10000 1,388 7,727 12,222
$10000-$14999 796 4,634 8,598
$15000-$19999 473 3,857 7,473
$20000-$24999 647 4,879 8,512
$25000-$29999 618 4,672 8,172
$30000-$34999 661 4,211 7,748
$35000-$39999 366 3,682 6,979
$40000-$44999 475 3,323 6,984
$45000-$49999 207 2,549 5,490
$50000-$60000 769 4,668 9,785
$60000-$74000 958 5,788 12,241
$75000-$99999 958 5,526 11,374
$100000-$124999 453 2,207 5,068
$125000-$149999 227 967 2,412
$150000-$199999 326 1,047 2,091
> $200000 418 985 2,252
Race Characteristic 1 Mile 3 Mile 5 Mile
Non Hispanic White 16,557 96,179 199,814
Population Black 3,398 35,034 51,954
Population Am In/AK Nat 51 463 918
Characteristic Housing 1 Mile 3 Mile 5 Mile
Housing Units 10,601 67,629 126,833
Occupied Housing Units 9,438 59,722 114,175
Owner Occupied Housing Units 4,538 29,496 61,989
Renter Occupied Housing Units 4,900 30,226 52,186
Vacant Housing Units 1,163 7,907 12,658
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Location MapHilltop Manor
1101 N 48th AveOmaha, NE 68132
Jake Denker4029687664
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