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Woodcliff Condos

Woodcliff Condos. Turn-Key Real Estate with Big Back End Profit Potential Property Discount: 31% off of the Appraised Value Fully Rehabbed and Occupied with Lease Option Buyers 42% - 73% First Year Cash on Cash Return 14.74 Cap Rate. Investor Overview. Great Location:.

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Woodcliff Condos

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  1. Woodcliff Condos Turn-Key Real Estate with Big Back End Profit Potential Property Discount: 31% off of the Appraised Value Fully Rehabbed and Occupied with Lease Option Buyers 42% - 73% First Year Cash on Cash Return 14.74 Cap Rate

  2. Investor Overview Great Location: • Whitehall Schools ($78 Million in New Schools) • Across from Country Club • Beside Indoor/Outdoor Driving Range • Backs up to a park with Playgrounds, 4 Baseball Diamonds, 4 Soccer Fields, Basketball Courts • Beside High end car dealer • Close to I-270 • Public Transportation Right out front of the complex • Close to Easton Town Center • Close to Mt. Carmel East

  3. Investor Overview Great Construction: • New Windows, Kitchens, Bathrooms, Flooring, Paint, Furnace, Hot Water Tanks, Electric Panel • Updated plumbing and electric • Flooring: Mostly Ceramic Tile and Hardwood Floors – Durable • More than $1.5 Million in new construction in the complex to date

  4. Investor Overview Great Financials: • Great Monthly Cash-flow • Huge $15,000 (+) Back End • $2000 Cash at Closing • Incredible Return on Investment Great Purchase Terms: • $45,000 • $2000 Cash Back at Closing for Lease Option Buyer’s Option Fee • 4.75-5.25% • 15-25 year Amortization • 15%-25% down Options

  5. Investor Overview Great Lease Option Buyer: • $700 per month • $1500-$3000 Down • $64,900 Purchase Price • $100 Monthly Credit contingent upon the tenant/buyer attending our HUD Certified Home Buyers Program • Lease Options have a high conversion because of Credit Coaching Classes.

  6. Appraisal of $64,596 March 8, 2012 Prepared by Brian M Hopkins Inc. 4236 Nipigon Dr. Columbus OH 43207

  7. $78 Million in New Schools

  8. Condo with 25% Down Cash Flow *Disclaimer: Returns based upon the projected numbers in this example and may be subject to change.

  9. Condo with 25% Down Property Sale $11,250 Down Payment $2000 Cash Back at Closing $9,250 Cash Out of Pocket $3,902.52 First Year Cash-flow 42% First Year Cash on Cash Return *Disclaimer: Returns based upon the projected numbers in this example and may be subject to change.

  10. Condo with 15% Down Cash Flow *Disclaimer: Returns based upon the projected numbers in this example and may be subject to change.

  11. Condo with 15% Down Property Sale $6,750 Down Payment $2000 Cash Back at Closing $4,750 Cash Out of Pocket $3,486.84 First Year Cash-flow 73% First Year Cash on Cash Return *Disclaimer: Returns based upon the projected numbers in this example and may be subject to change.

  12. Commercial Investor Returns *Disclaimer: Returns based upon the projected numbers in this example and may be subject to change.

  13. Commercial Investor Returns *Disclaimer: Returns based upon the projected numbers in this example and may be subject to change.

  14. Commercial Investor Returns *Disclaimer: Returns based upon the projected numbers in this example and may be subject to change.

  15. Our Bank Options Cliff Lanthorn - Vice President - The Commercial Savings Bank 937 High St. Suite 201Worthington, Oh 43085 Office: 614-430-9780 Fax: 614-430-9781 clifford.lanthorn@csbanking.com Terms: 25% Down, 4.75% - 5.25 %, 5/1 ARM, 20 year AM, 5 Condo Limit, Will allow seller carry of 15% Mary Ann Potter Lewis – V.P. Commercial & Portfolio Lending – First Bexley Bank 2680 E Main St. Bexley, OH. 43209 Office: 614 237 8000 Cell: 614 620 7335 Fax: 614 231 3032 mapl@firstbexleybank.com Terms: 25% Down, 4.75% - 5.25%, 5/1 ARM, 25 Year AM, No restrictions on number allowed, Will allow seller carry of 15% Julie Grefe – Commercial Lender – Friendly Bremen Bank 521 E. Main St. Lancaster, OH 43130 Office: 740 687 3920 Julie.grefe@friendlybremenbank.com Terms: 15% down, 4.75% - 5.25%, 5/1 ARM, 20 year AM, No restrictions on number allowed, Will not allow seller carry. John Steele – Commercial Lender – Cooper State Bank 6950 East Main Street Reynoldsburg, OH 43068 Office: 614 408 0375 Cell: 614 408 0265 Terms: 20% Down, 4.75% - 5.25%, 1/3/5 ARM We do not have a preference on which bank you use, however, these banks are already familiar with our project and have expressed interest in funding this project to other investors.

  16. Our lease Option Qualifying Rules These are the guidelines we follow when we are qualifying the lease option candidates • Job Time: 1 Year • Gross Income: $2100 Verified • No evictions, foreclosures or bankruptcies in last 24 months • No back owed child support • No Back owed taxes • No Lawsuits in last 24 months • No Felonies in last 60 months • No Gun charges in last 5 years • No Soliciting Charges in last 36 months • No Drug charges in last 36 months • No Assault or domestic violence in last 36 months

  17. Traffic Count Broad Street – Outside of the Model unit Local ID: 33 003E Direction: 2-Way Located on: Broad St. Count: 25,475 (2011) Hamilton Road (at corner of Broad & Hamilton) Local ID: 33 003N Direction: 2-Way Located on: Hamilton Rd. Count: 19,389 (2011)

  18. Jeff Kowalczuk- 614-390-DEAL www.ColumbusWholesaleProperties.com

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