3544 Portillo Rd., Spring Hill, FL 34608

Investors: Value add opportunity. Solid block building built in 1988 below market value in Class-B neighborhood. Eight 2 bedroom and 1 bathroom units of 795 sqft. Each unit has private interior laundry closet able to fit full size W/D. Eight dedicated electric meters for each unit and a ninth meter for exterior lighting of the property. Eight dedicated water meters for easy cash flow management with tenants having their own accounts. Dedicated central HVAC for each unit. All residences have a private and secure storage closet on an outdoor patio. Private parking for tenants and guests. Currently 3/8 units occupied. 3 on lease – $575, $500, 3rd is month 2 month at $500. Rehab: $30,000 ARV: $430,000 _______________________________ Analysis at 100% occ @ market rents of $575 Rents IN: 55200 Expense OUT: 6560 – tax 4100 – insurance (estimate) 4416 – management (8%) optional 2760 – vacancy/repairs (5%) Totals: 37364 / $430,000 = 8.6% cap. ARV $430,000 with market cap of 8.6%