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:
E. Victoria
City:
North Aurora
Zip:
60542
After Rehab Value (ARV):
125,000
Purchase Price:
77,989
Rehab Estimate:
9,800
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:
Can be converted in 3 Bedroom
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
$359.07 $369.25 $33.33 $136.00 $0.00 $897.65
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
$125,000.00 -$77,989.00 -$9,800.00 -$4,488.27 -$3,750.00 -$3,000.00 -$2,000.00 $23,972.73 82.7%
Summary: Down payment (85% loan) Rehab Closing costs on purchase Carrying costs Total dollars required:
FOR DEMONSTRATION PURPOSES ONLY - RESULTS NOT GUARANTEED
$125,000.00 $125,000.00 $77,989.00 $4,431.00 $136.00 $9,800.00 $400.00 $3,000.00 6.50% 66,290.65 0.00
$11,698.35 $9,800.00 $3,000.00 $4,488.27 $28,986.62
Rehab Period Interest only payment Taxes Insurance Association Dues Total Payment less: Rent Cash Flow
$359.07 $369.25 $33.33 $11.33 $772.99
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 Points on refi Closing costs on refi Cash out Upfront money Money in property during rental period
Rental Period $507.81 $369.25 $33.33 $136.00 $1,046.39 $1,295.00 $248.61
INPUTS Appraised value Selling price Purchase Price Annual Taxes Monthly association dues Rehab Homeowner's Insurance Section 8 Rent
6.50% 6.50% $66,290.65 $93,750.00
$125,000.00 75% $93,750.00 -$66,290.65 $27,459.35 1 -$2,000.00 $25,460.35 $28,986.62 $3,526.27
FOR DEMONSTRATION PURPOSES ONLY - RESULTS NOT GUARANTEED
* Investor retains tax write offs for mortgage interest and depreciation, property taxes
$125,000.00 $125,000.00 $77,989.00 $4,431.00 $136.00 $9,800.00 $400.00 $1,295.00
Comparative Market Analysis Property At: E VICTORIA 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 Suffix: CIR Compass Point: E Street Name: VICTORIA City: North Aurora State: Illinois Zip Code: 60542 Total # Of Rooms: 5 Bedrooms - Above Grade: 2 Bathrooms: 1 Subdivision: SUMMERWIND Total # Units in Building: 4 Unit Floor Level: 1 Monthly Assessment: 136 Type of House: Townhouse Living Room Size: 31X12 Master Bedroom Size: 14X13 Garage Type: Attached, 2 Car Garage Parking: On-Site Age: 6-10 Years Exterior Building Type: Aluminum/Vinyl/Steel Siding Elementary Sch Dist: 129 High Sch Dist: 129
Prepared By: Christian Chase Chase Real Estate, LLC
Comparables Subject Property
E VICTORIA CIR Address: North Aurora, Illinois 60542
Comp #1
Adjustment Comp #2
Adjustment Comp #3
Adjustment
318 E VICTORIA CIR 318 North Aurora, Illinois 60542
709 E VICTORIA CIR 709 North Aurora, Illinois 60542
218 HIDDEN CREEK 218 North Aurora, Illinois 60542
CTG
CTG
PEND
318
709
218
$116, 900
$139, 900
$139, 900
Total # Of Rooms: 5
4
6
6
Bedrooms - Above Grade: 2
2
2
2
Total Full/Half Baths: 1
1
2.1
2
Summerwind
Summerwind
Summerwind
Total # Units in Building: 4
4
6
6
Unit Floor Level: 1
1
1
1
868
1216
126
170
171
Townhouse
Condo
Townhouse
Combined w/ LivRm
Combined w/ LivRm
Living Room Size: 31X12
12X20
12X15
15X13
Master Bedroom Size: 14X13
11X14
16X11
15X11
Status: Unit Number: List Price: Sold Price: Closed Date:
Subdivision: SUMMERWIND
Approx Sq Ft: Assessment/Association 136 Dues $: Type of House: Townhouse Dining Room:
Model:
Meadowbroo Attached, 2 Car Garage
Attached, 2 Car Garage, Garage Door Opener(s) (Auto), Transmitter(s)
Attached, 2 Car Garage
Off Street
Off Street
Off Street
11-25 Years
11-25 Years
11-25 Years
Aluminum/Vinyl/Steel Siding
Aluminum/Vinyl/Steel Siding
Aluminum/Vinyl/Steel Siding
Elementary Sch Dist: 129
129
129
129
High Sch Dist: 129
129
129
129
Garage Type: Attached, 2 Car Garage Parking: On-Site Age: 6-10 Years Exterior Building Type:
Aluminum/Vinyl/Steel Siding
Short Sale/Foreclosed/Court Approved: Total Adjustments:
Adjusted Price:
Prepared By: Christian Chase Chase Real Estate, LLC
$0
$0
$0
$116900
$139900
$139900
Comparables (continued) Subject Property
E VICTORIA CIR Address: North Aurora, Illinois 60542 Status:
Comp #4Adjustment Comp #5
Adjustment Comp #6
705 E VICTORIA CIR North Aurora, Illinois 60542
607 HIDDEN CREEK 607 North Aurora, Illinois 60542
507 E VICTORIA CIR 507 North Aurora, Illinois 60542
CLSD
CLSD
CLSD
Unit Number:
607
507
List Price:
$129, 900
$134, 000
$146, 000
Sold Price:
$123, 000
$126, 100
$140, 000
12/18/2009
04/14/2010
12/22/2009
Total # Of Rooms: 5
4
6
5
Bedrooms - Above Grade: 2
2
2
3
1.1
1.1
1.1
Summerwind
Summerwind
Summerwind
N/A
4
4
2
1
01
Closed Date:
Total Full/Half Baths: 1 Subdivision: SUMMERWIND Total # Units in Building: 4 Unit Floor Level: 1
Adjustment
Approx Sq Ft:
1216
Assessment/Association 136 Dues $: Type of House: Townhouse
136
171
171
Townhouse
Condo, Townhouse
Condo
Combined w/ LivRm
Combined w/ LivRm
Living Room Size: 31X12
Dining Room: 14X12
16X12
19X15
Master Bedroom Size: 14X13
13X12
15X13
16X11
Model:
Prairie
Garage Type: Attached, 2 Car Garage Parking: On-Site Age: 6-10 Years Aluminum/Vinyl/Steel Exterior Building Type: Siding
Attached, 2.5 Car Garage
Attached, 2.5 Car Garage, Attached, 2 Car Garage, Garage Door Opener(s) Garage Door Opener(s) (Auto) (Auto), Transmitter(s)
None/Not Applicable
Off Street
Off Street
11-25 Years
11-25 Years
11-25 Years
Aluminum/Vinyl/Steel Aluminum/Vinyl/Steel Siding Siding
Aluminum/Vinyl/Steel Siding
Elementary Sch Dist: 129
129
129
129
High Sch Dist: 129
129
129
129
N/A
N/A
N/A
Short Sale/Foreclosed/Court Approved: Total Adjustments:
Adjusted Price:
Prepared By: Christian Chase Chase Real Estate, LLC
$0
$0
$0
$123000
$126100
$140000
Comparables (continued)
Address:
Subject Property
Comp #7
E VICTORIA CIR North Aurora, Illinois 60542
809 HIDDEN CREEK LN 809 621 HIDDEN CREEK LN North Aurora, Illinois 60542 North Aurora, Illinois 60542
Status:
Adjustment Comp #8
NEW
Unit Number:
Adjustment
ACTV
809
List Price:
$123, 000
$131, 900
Total # Of Rooms: 5
6
6
Bedrooms - Above Grade: 2
2
2
2.1
2
Summerwind
Summerwind
Total # Units in Building: 4
6
4
Unit Floor Level: 1
1
1
141
170
Courtyard, Townhouse
Townhouse
Sold Price: Closed Date:
Total Full/Half Baths: 1 Subdivision: SUMMERWIND
Approx Sq Ft: Assessment/Association 136 Dues $: Type of House: Townhouse Dining Room:
Combined w/ FamRm
Living Room Size: 31X12
13X12
14X12
Master Bedroom Size: 14X13
14X12
15X12
Model:
Prairie
Garage Type: Attached, 2 Car Garage Parking: On-Site Age: 6-10 Years Exterior Building Type: Aluminum/Vinyl/Steel Siding
Attached, 2.5 Car Garage, Garage Door Opener(s) (Auto), Transmitter(s)
Attached, 2 Car Garage, Garage Door Opener(s) (Auto), Transmitter(s)
Off Street
Off Street
11-25 Years
6-10 Years
Aluminum/Vinyl/Steel Siding
Aluminum/Vinyl/Steel Siding
Elementary Sch Dist: 129
129
129
High Sch Dist: 129
129
129
Short Sale/Foreclosed/Court Approved: Total Adjustments:
Adjusted Price:
Prepared By: Christian Chase Chase Real Estate, LLC
$0
$0
$123000
$131900
Key
MLS #
Status
Address
Price
Beds
Baths
1)
07500883
CTG
318 E VICTORIA CIR 318
$116,900
2
1
2)
07475653
CTG
709 E VICTORIA CIR 709
$139,900
2
2.1
3)
07354339
PEND
218 HIDDEN CREEK 218
$139,900
2
2
4)
07340310
CLSD
705 E VICTORIA CIR
$123,000
2
1.1
5)
07448070
CLSD
607 HIDDEN CREEK 607
$126,100
2
1.1
6)
07125483
CLSD
507 E VICTORIA CIR 507
$140,000
3
1.1
7)
07527178
NEW
809 HIDDEN CREEK LN 809
$123,000
2
2.1
8)
07319083
ACTV
621 HIDDEN CREEK LN
$131,900
2
2
Prepared By: Christian Chase Chase Real Estate, LLC