FORECLOSURE ACQUISITION BINDER Christian Chase - Foreclosure Agent at Chase Real Estate 630-527-0095 Office 630-484-5534 Mobile christian.chase@mychaseagent.com www.ChaseForeclosure.com
Property Address:
5542 W Celebrity
City:
Hanover Park
Zip:
60133
After Rehab Value (ARV):
145,000
Purchase Price:
84,989
Rehab Estimate:
17,500
Rental Estimate:
1,295
INVESTMENT STRATEGY FOR SUBJECT PROPERTY Rehab and Sell Rehab and Rent
ATTACHED DOCUMENTATION Pro Forma Rehab & Sell Pro Forma Rehab & Rent Comparative Market Appraisal
NOTES:
Flip or Rent! Cash flow close to $400.00 per month AFTER cash out!
Print Form
Mortgage payment (interest only) Taxes Insurance Association Dues Utilities Monthly carrying costs
PROFIT CALCULATION Selling price: Less: Purchase price Less: Rehab Less: Carrying costs Less: Commission Less: Closing costs on purchase Less: Closing costs on sell Profit: Rate of return on money invested
$391.30 $330.75 $33.33 $0.00 $50.00 $805.38
INPUTS: Appraised value Selling price Purchase Price Annual Taxes Monthly Association Dues Rehab Homeowner's Insurance Closing costs on purchase Interest rate during rehab Loan amount during rehab (85% loan) Points paid on loan
$145,000.00 -$84,989.00 -$17,500.00 -$4,026.92 -$4,350.00 -$3,000.00 -$2,000.00 $29,134.08 78.2%
Summary: Down payment (85% loan) Rehab Closing costs on purchase Carrying costs Total dollars required:
FOR DEMONSTRATION PURPOSES ONLY - RESULTS NOT GUARANTEED
$145,000.00 $145,000.00 $84,989.00 $3,969.00 $0.00 $17,500.00 $400.00 $3,000.00 6.50% 72,240.65 0.00
$12,748.35 $17,500.00 $3,000.00 $4,026.92 $37,275.27
Interest only payment Taxes Insurance Association Dues Total Payment less: Rent Cash Flow
Rehab Period $391.30 $330.75 $33.33 $0.00 $755.38
APPRECIATION CALCULATION Appreciation Percentage Initial Appraised Value
3.00% $145,000.00
End of Yr 1 Value End of Yr 2 Value End of Yr 3 Value
$149,350.00 $153,830.50 $158,445.42
PROFIT CALCULATION Cash Inflow Selling Price Yr. 3 3 Years of Cash Flow Subtotal of Inflows Cash Outflow Less: Commission on Sale Less: Closing Costs on Sale Less: 3 Yrs of Repairs Less: Carrying Costs Less: Back-end Rehab Subtotal of Outflows Gross Inflow Less: Current Loan Gross Profit Less: Money in Property Less: Deposit Returned Profit:
Rental Period $543.75 $330.75 $33.33 $0.00 $907.83 $1,295.00 $387.17
Interest rate during rehab Interest rate during rental period Loan amount during rehab (85% loan) Loan amount during rental period Points paid on loan
Money tied up: Appraised value: Cash out % New loan amount Minus original loan
$158,445.42 $13,938.00 $172,383.42 -$4,753.36 -$3,000.00 -$1,800.00 -$2,723.50 -$4,000.00 -$16,276.86 $156,106.55 -$108,750.00 $47,356.55 -$2,764.92 -$1,295.00 $43,296.64
INPUTS Appraised value Selling price Purchase Price Annual Taxes Monthly association dues Rehab Homeowner's Insurance Section 8 Rent
(90 days to sell)
Points on refi Closing costs on refi Cash out Upfront money Money in property during rental period
$145,000.00 $145,000.00 $84,989.00 $3,969.00 $0.00 $17,500.00 $400.00 $1,295.00 6.50% 6.00% $72,240.65 $108,750.00
$145,000.00 75% $108,750.00 -$72,240.65 $36,509.35 1 -$2,000.00 $34,510.35 $37,275.27 $2,764.92
* Investor retains tax write offs for mortgage interest and depreciation, property taxes FOR DEMONSTRATION PURPOSES ONLY - RESULTS NOT GUARANTEED
Comparative Market Analysis Property At: 5542 W CELEBRITY CIR Prepared For: Chase Investor
Prepared By: Christian Chase Chase Real Estate, LLC
Office Phone: (630) 527-0095 Direct Line: (630) 527-0095 Personal Fax Number: (630) 701-1030 Email: christian.chase@mychaseagent.com
Prepared By: Christian Chase Chase Real Estate, LLC
Subject Property
Street Number: 5542 Compass Point: W Street Name: CELEBRITY Street Suffix: CIR City: Hanover Park State: Illinois Zip Code: 60133 Total # Of Rooms: 5 Bedrooms: 3 Bathrooms: 1 Lot Size: Less Than .25 Acre Type of House: 1 Story Living Room Size: 12X17 Master Bedroom Size: 11X12 Basement: Slab Garage Type: 1 Car Garage Parking: None/Not Applicable Age: 26-50 Years Exterior Building Type: Aluminum/Vinyl/Steel Siding Elementary Sch Dist: 20 High Sch Dist: 108
Prepared By: Christian Chase Chase Real Estate, LLC
Comparables Subject Property
5542 W CELEBRITY CIR Address: Hanover Park, Illinois 60133
Comp #1
Adjustment Comp #2
Adjustment Comp #3
Adjustment
5316 W CINEMA DR Hanover Park, Illinois 60133
5425 SINATRA LN Hanover Park, Illinois 60133
1600 BEVERLY CT Hanover Park, Illinois 60133
MLS #:
07403680
07092798
07401836
Status:
CLSD
CLSD
CLSD
$119, 900
$174, 900
$144, 900
$125, 000 (F)
$140, 000 (S)
$145, 000 (F)
List Price: Sold Price:
03/23/2010
12/23/2009
03/15/2010
Total # Of Rooms: 5
Closed Date:
6
8
8
Bedrooms - Above Grade: 3
3
4
4
Total Full/Half Baths: 1
1
2
2
Subdivision:
Greenbrook
Lot Size: Less Than .25 Acre
Less Than .25 Acre
Less Than .25 Acre
.25-.49 Acre
1 Story
1 Story
Split Level
Living Room Size: 12X17
17X12
14X12
18X14
Master Bedroom Size: 11X12
13X11
13X12
12X16
Ranch
Ranch
Slab
None
Approx Sq Ft: Type of House: 1 Story Dining Room:
Model: Basement: Slab Garage Type: 1 Car Garage Parking: None/Not Applicable Age: 26-50 Years Aluminum/Vinyl/Steel Exterior Building Type: Siding Elementary Sch Dist: 20 High Sch Dist: 108 Short Sale/Foreclosed/Court Approved:
Partial, Finished
Attached, 2.5 Car Garage, Attached, 1 Car Garage, Garage Door Opener(s) Garage Door Opener(s) (Auto), Transmitter(s) (Auto)
Attached, 2 Car Garage
Off Street
None/Not Applicable
Off Street, On-Site
26-50 Years
26-50 Years
Frame
Cedar
Aluminum/Vinyl/Steel Siding
46
46
20
46
46
108
F Total Adjustments:
Adjusted Price:
Prepared By: Christian Chase Chase Real Estate, LLC
$15000 S
$15000 F
$15000
$15000
$15000
$15000
$140000
$155000
$160000
Comparables (continued) Subject Property
5542 W CELEBRITY CIR Address: Hanover Park, Illinois 60133
Comp #4
Adjustment Comp #5
Adjustment Comp #6
Adjustment
5505 Crosby CT Hanover Park, Illinois 60133
2024 STAIRWAY DR Hanover Park, Illinois 60133
5880 Danforth CT Hanover Park, Illinois 60133
MLS #:
07438888
07405425
07282341
Status:
CLSD
CLSD
CLSD
List Price:
$182, 000
$165, 000
$174, 500
Sold Price:
$162, 000
$163, 000
$166, 000 (F)
04/23/2010
03/23/2010
12/17/2009
Total # Of Rooms: 5
Closed Date:
7
7
8
Bedrooms - Above Grade: 3
3
4
4
Total Full/Half Baths: 1
2
2
2
The Trend
The Trend
Greenbrook
Less Than .25 Acre
Less Than .25 Acre
Less Than .25 Acre
1 Story
Split Level
Subdivision: Lot Size: Less Than .25 Acre Approx Sq Ft:
1500
Type of House: 1 Story
1 Story
Dining Room:
Separate
Separate
Living Room Size: 12X17
14X12
12X18
22X14
Master Bedroom Size: 11X12
23X12
11X13
16X12
Slab
Partial, Finished
Model:
Coronado
Basement: Slab Garage Type: 1 Car Garage Parking: None/Not Applicable Age: 26-50 Years Aluminum/Vinyl/Steel Exterior Building Type: Siding Elementary Sch Dist: 20 High Sch Dist: 108 Short Sale/Foreclosed/Court Approved:
Attached, 1.5 Car Garage, Garage Door Opener(s) Attached, 1 Car Garage (Auto), Transmitter(s)
Attached, 1 Car Garage, Heated
Off Street
On-Site
Off Street, Side Apron
26-50 Years
26-50 Years
Frame, Masonite
Frame
Aluminum/Vinyl/Steel Siding
20
46
46
108
46
46
N/A
N/A
F
Total Adjustments:
Adjusted Price:
Prepared By: Christian Chase Chase Real Estate, LLC
$15000
$0
$0
$15000
$162000
$163000
$181000
Comparables (continued) Subject Property
5542 W CELEBRITY CIR Address: Hanover Park, Illinois 60133
Comp #7
Adjustment Comp #8
Adjustment Comp #9
Adjustment
5408 MARTIN LN Hanover Park, Illinois 60133
5502 Cooper CT Hanover Park, Illinois 60133
1349 WHIRLAWAY CT Hanover Park, Illinois 60133
MLS #:
07452046
07365892
07324788
Status:
CTG
CTG
PEND
$129, 555
$149, 900
$149, 900
Total # Of Rooms: 5
5
6
8
Bedrooms - Above Grade: 3
3
3
4
Total Full/Half Baths: 1
1
1.1
2
List Price: Sold Price: Closed Date:
Subdivision:
The Trend
Lot Size: Less Than .25 Acre
.25-.49 Acre
.25-.49 Acre
Less Than .25 Acre
1 Story
Split Level
Split Level
L-shaped
Separate
Approx Sq Ft: Type of House: 1 Story Dining Room: Living Room Size: 12X17
14X12
16X14
18X13
Master Bedroom Size: 11X12
12X11
12X14
16X12
Balboa
Split
None
Full, Finished
Partial, Finished, Crawl
2.5 Car Garage
Attached, 1 Car Garage
Attached, 2 Car Garage, 2.5 Car Garage
Off Street
Off Street, On-Site
Off Street
26-50 Years
26-50 Years
26-50 Years
Aluminum/Vinyl/Steel Siding
Aluminum/Vinyl/Steel Siding
Aluminum/Vinyl/Steel Siding
46
20
20
46
108
108
Model: Basement: Slab Garage Type: 1 Car Garage Parking: None/Not Applicable Age: 26-50 Years Exterior Building Type:
Aluminum/Vinyl/Steel Siding
Elementary Sch Dist: 20 High Sch Dist: 108 Short Sale/Foreclosed/Court Approved: Total Adjustments:
Adjusted Price:
Prepared By: Christian Chase Chase Real Estate, LLC
$0
$0
$0
$129555
$149900
$149900
Comparables (continued) Subject Property
Comp #10
Adjustment Comp #11
Adjustment Comp #12
Adjustment
No Photo Available
5542 W CELEBRITY CIR Address: Hanover Park, Illinois 60133
5333 Cinema DR Hanover Park, Illinois 60133
5264 E CINEMA DR Hanover Park, Illinois 60133
5557 Grant CT Hanover Park, Illinois 60133
MLS #:
07425109
07525026
07542156
Status:
CTG
PCHG
NEW
$164, 800
$146, 900
$153, 900
Total # Of Rooms: 5
7
7
7
Bedrooms - Above Grade: 3
4
4
3
Total Full/Half Baths: 1
2
2
1.1
The Trend
The Trend
.25-.49 Acre
Less Than .25 Acre
Less Than .25 Acre
1 Story
1 Story
Split Level
List Price: Sold Price: Closed Date:
Subdivision: Lot Size: Less Than .25 Acre Approx Sq Ft: Type of House: 1 Story Dining Room:
L-shaped
Living Room Size: 12X17
14X12
12X18
20X12
Master Bedroom Size: 11X12
12X12
11X13
12X10
Attached, 1 Car Garage
1 Car Garage
1 Car Garage
None/Not Applicable
On-Site
Off Street
Unknown
Unknown
26-50 Years
Aluminum/Vinyl/Steel Siding
Frame
Aluminum/Vinyl/Steel Siding, Stone
46
46
20
46
46
108
Model: Basement: Slab
Slab
Garage Type: 1 Car Garage Parking: None/Not Applicable Age: 26-50 Years Exterior Building Type:
Aluminum/Vinyl/Steel Siding
Elementary Sch Dist: 20 High Sch Dist: 108 Short Sale/Foreclosed/Court Approved: Total Adjustments:
Adjusted Price:
Prepared By: Christian Chase Chase Real Estate, LLC
$0
$0
$0
$164800
$146900
$153900
Key
MLS #
Status
Address
Price
Beds
Baths
1)
07403680
CLSD
5316 W CINEMA DR
$125,000
3
1
2)
07092798
CLSD
5425 SINATRA LN
$140,000
4
2
3)
07401836
CLSD
1600 BEVERLY CT
$145,000
4
2
4)
07438888
CLSD
5505 Crosby CT
$162,000
3
2
5)
07405425
CLSD
2024 STAIRWAY DR
$163,000
4
2
6)
07282341
CLSD
5880 Danforth CT
$166,000
4
2
7)
07452046
CTG
5408 MARTIN LN
$129,555
3
1
8)
07365892
CTG
5502 Cooper CT
$149,900
3
1.1
9)
07324788
PEND
1349 WHIRLAWAY CT
$149,900
4
2
10)
07425109
CTG
5333 Cinema DR
$164,800
4
2
11)
07525026
PCHG
5264 E CINEMA DR
$146,900
4
2
12)
07542156
NEW
5557 Grant CT
$153,900
3
1.1
Prepared By: Christian Chase Chase Real Estate, LLC
Seller's Statement Property At: 5542 W CELEBRITY CIR
Prepared For: Chase Investor
Suggested Marketing Price: $150,166
Prepared By: Christian Chase Chase Real Estate, LLC