Small Office Redevelopment Investment Property

Marc identified this small office building that was underutilized, bought it, renovated it, and leased it, realizing a nice return on his investment.

INVESTMENT OVERVIEW

Purchase Price:  $295,000
Capital Improvements Investment:  $185,000
Total Investment:  $480,000
Debt: $270,000
Equity:  $210,000

Annual Net Operating Income:  $48,000
Debt Service:  $10,800
Cash Flow: $37,200

Cash On Cash Return:  17.7%