80 Door Package, Lima, OH 45804

Property Description

80-Door Portfolio Summary -- NW Ohio Acquisition Price: $9,999,315.00 ($124,991.00 / door) Asset Mix: 79 buildings / 80 doors (78 single-family homes + 1 duplex) Occupancy: 95% stabilized (5% vacancy rate) Financial & Return Metrics: Average Rent / Door: $1,170.04/month Gross Monthly Income: $93,603.20 Gross Annual Income: $1,123,238.40 Expense Ratio: 28.78% Net Operating Income (NOI): $799,945.27 / year Cap Rate: 8.00% Estimated Annual Debt Service: $636,101.28 Debt Service Coverage Ratio (DSCR): 1.26 Net Monthly Cash Flow: $13,635.67 Annual Cash Flow: $163,628.04 Pre-Value-Add, Cash-on-Cash Return (CoC): 6.55% Key Upside: In-place cash flow from day one with ~95% occupancy. Major value-add potential: While many of the units are stabilized, many units sit below market rent, offering immediate revenue expansion on lease renewals and operational mark-to-market.