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RE/MAX Horizons Realty Premiere Investment Team Features:

Oak Tree Apartments!

Portfolio Sale Of Three Complexes In Northwest FL And South AL!!!


	Highlights
	Current appraisal in for $1,650,000! Located in the heart of Tillmans Corner! Overgone renovations in the past two years! Property has incredible occupancy!

Financial Summary:

Item	Actual

Scheduled Gross Income	$278,339.00
Vacancy	$13,917.00
Effective Gross Income	$270,526.00

Operating Expense	$0.00
Expense/Unit	$1,870.00
Maintenance	$27,052.00
Taxes	$9,006.00
Insurance	$9,540.00
Other Expenses	$74,031
Total Expenses	$119,629

Net Operating Income	$150,897.00
Debt Service	$98,692.00
Other Capital Costs	$0.00
Pre Tax Cash Flow	$52,205.00

Currency: USD

Financing

Type	Amount	Rate	Term	Due	Annual Debt Service

Proposed	$1,163,636	7.0%	25 yr	7 yr	$98,692

Unit Mix Information

Description	No. Units	Avg. SF	Avg. Mo. Rent	Avg. Mo. Rent/SF

two bedroom one bath	40	813	$ 395.00	$ 0.49
one bedroom one bath	24	587	$ 340.00	$ 0.58

Oak Tree Page 3

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Copyright © 2002 Horizons Realty, INC.
Last modified: 09/24/2002