plant city mhp for sale - loopnet...plant city mhp for sale annual property operating data 3925w 92...

Benny Spensieri

813-391-1545

[email protected]

15-space/Units w/ 7000+ sf Warehouse-Storage Building/Propane Business

Plant City MHP For Sale

3925W 92 Hwy

Plant City, FL 33563

Stable Tenant Base - Weekly Rentals

Presented by

CRES Corp International, LLC1228 E 7th Ave

Warehouse Can Be Used as Storage Facility

Seller Motivated - Will Consider All Reasonable Offers

$115K Gross Revenus - $70K NOI

Tampa, Fl 33605

Potential Rental Income 115,000$ Purchase/Asking Price 600,000$ Property Type Mobile Home Parks

Other Income - Improvements - No. of Units 15

Total Vacancy and Credits - Other - Price Per Unit 40,000$

Operating Expenses (39,750)$ Closing Costs - Total Sq Ft 7,700

Annual Reserves: $ Finance Points - Price Per Sq Ft 78$

Net Operating Income (NOI) 75,250$ Income per Unit 7,667$

MIP Payments $ Total Acquisition Cost 600,000$ Expenses per Unit (2,650)$

Annual Reserves: $ Debt Service: (11,879)$

Mortgage (s) 150,000$

Cash Flow Before Taxes 63,371$

- Down Payment / Investment 450,000$

Cash Flow After Taxes 63,371$

% of Asking % of Cost

Rental Growth Rate: 1.00% Down Payment: 450,000$ 75.00% 75.00%

Expense Growth Rate: 3.00% Initial Loan Balance: 150,000$ 25.00% 25.00%

Capitalization Rate (Resale): 12.00%

Marginal Tax Rate: 0.00% Loan Amount Interest Rate Term Payment

Capital Gain Tax Rate: 0.00% 150,000$ 5.00% 20 $990

$ 8.00% 30 $0

$ 8.00% 30 $0

Year 1 Year 3 Year 7

Debt Coverage Ratio (DCR) 6.33 6.52 7.34

Loan-to-Value Ratio (LVR) 23.2% 21.0% 15.6%

Capitalization Rate Based on Cost 12.54% 12.91% 14.53%

Capitalization Rate Based on Resale Price 12.00% 12.00% 12.00%

Gross Rent Multiplier 5.22 5.40 5.40

13.50% 13,544 35,184 86,883

10.00% 28,293 77,597 182,441

Cash on Cash Return - Before Taxes 14.08% 14.57% 16.73%

Cash on Cash Return - After Taxes 14.08% 14.57% 16.73%

Internal Rate of Return - Before Taxes 16.76% 17.53%

Internal Rate of Return - After Taxes 16.76% 17.53%

14.90% 13.17%

14.90% 13.17%

The information, calculations and data presented in this report are believed to be accurate but are not guaranteed. The information contained in this report shall not be considered as

a substitution for legal, accounting or other professional advice. Please seek proper legal and tax advice as appropriate before making investments.

Modified Internal Rate of Return - Before Taxes

Modified Internal Rate of Return - After Taxes

Net Present Value (NPV) - B/ Taxes

Net Present Value (NPV) - A/Taxes

Disclaimer: All information presented is believed to be accurate.

Benny Spensieri

CRES Corp International, LLC

813-391-1545

Property Overview


3925W 92 Hwy


Income, Expenses & Cash Flow

Income Taxes: Benefit (Expense) @ 0%

Financial Measurements Notes / Discussion

Loan InformationAssumptions

Benny Spensieri

813-391-1545

[email protected]

0

1228 E 7th Ave


Tampa, Fl 33605

Property Description

Propane Business Included

Seller Motivated- Make Offer!!!

15-spaces/Units

7000+ sf - Warehouse

$115K Gross Rev - $70K NOI

Located across from Parksdale


3925W 92 Hwy


HIGHLIGHTS

Plant City, FL - MHP For Sale Plus 7085 SF Storage Building For

Sale - Make Offer!!!

7000+ sf Block Constructed Warehouse Storage Building

included

This MHP consists of:

-15-spaces/Units

-7000+ sf Warehouse

Current Income:

-$115,000 Gross Revenue

-$70,000 NOI

Stable tenant base with relatively low turnover. Seller collects

rent on a weekly schedule.

Warehouse is in good condition and is currently being used as

storage by the owner. This building could be partitioned to lease

interior individual storage units.

Seller is motivated and will consider all reasonable

offers. Property is not in distress but Seller wants to sell.

Financing Available!


Laundry

Warehouse-Storage Exterior Warehouse-Storage Interior


3925W 92 Hwy


Potential Rental Income 115,000$ 116,150$ 119,635$ 123,224$ 126,920$

Less: Vacancy & Credit Losses - - - - -

Effective Gross Income 115,000$ 116,150$ 119,635$ 123,224$ 126,920$

Less: Operating Expenses (39,750) (40,943) (42,171) (43,436) (44,739)

Net Operating Income (NOI) 75,250$ 75,208$ 77,464$ 79,788$ 82,181$

Less: Annual Debt Service (11,879) (11,879) (11,879) (11,879) (11,879)

CASH FLOW Before Taxes 63,371$ 63,328$ 65,585$ 67,908$ 70,302$

Projected Sales Price 627,083$ 626,729$ 645,531$ 664,897$ 684,844$

Less: Selling Expenses (18,813) (18,802) (19,366) (19,947) (20,545)

Adjusted Projected Sales Price 608,271$ 607,927$ 626,165$ 644,950$ 664,299$

Less: Mortgage(s) Balance Payoff (145,519) (140,809) (135,858) (130,653) (125,183)

SALE PROCEEDS Before Taxes 462,752$ 467,118$ 490,307$ 514,297$ 539,116$

Cash Generated in Current Year 63,371$ 63,328$ 65,585$ 67,908$ 70,302$

Cash Generated in Previous Years n/a 63,371 126,699 192,284 260,192

Cash Generated from Property Sale 462,752 467,118 490,307 514,297 539,116

Cash Inflow (Outflow) from Refinancing - - - - -

Original Initial Investment (450,000) (450,000) (450,000) (450,000) (450,000)

76,123$ 143,817$ 232,591$ 324,489$ 419,610$

Debt Coverage Ratio (DCR) 6.33 6.33 6.52 6.72 6.92

Loan-to-Value Ratio (LVR) 23.2% 22.5% 21.0% 19.7% 18.3%

Capitalization Rate Based on Cost 12.54% 12.53% 12.91% 13.30% 13.70%

Capitalization Rate Based on Resale Price 12.00% 12.00% 12.00% 12.00% 12.00%

Gross Rent Monthly Multiplier (GRM) 62.61 64.75 64.75 64.75 64.75

Gross Rent Yearly Multiplier (GRM) 5.22 5.40 5.40 5.40 5.40

Value of Property Using this GRM 5.00 575,000 580,750 598,173 616,118 634,601

Break-Even Ratio 44.89% 45.48% 45.18% 44.89% 44.61%

Operating Expense Ratio 34.57% 35.25% 35.25% 35.25% 35.25%

Cash-on-Cash Return with Equity 16.92% 14.63% 19.00% 18.74% 18.50%

Cash-on-Cash Return - Before Taxes 14.08% 14.07% 14.57% 15.09% 15.62%

Benny Spensieri

813-391-1545

Financial Measurements

Year 4 Year 5

Cash Position

Rental Activity Analysis

Total Potential CASH Generated

Property Resale Analysis

Year 1 Year 2 Year 3

8/21/2017 10:46 AM © 1993 - 2014 Cash Flow Analyzer® http://RentalSoftware.com


3925W 92 Hwy


Potential Rental Income

Less: Vacancy & Credit Losses

Effective Gross Income

Less: Operating Expenses

Net Operating Income (NOI)

Less: Annual Debt Service

CASH FLOW Before Taxes

Projected Sales Price

Less: Selling Expenses

Adjusted Projected Sales Price

Less: Mortgage(s) Balance Payoff

SALE PROCEEDS Before Taxes

Cash Generated in Current Year

Cash Generated in Previous Years

Cash Generated from Property Sale

Cash Inflow (Outflow) from Refinancing

Original Initial Investment

Debt Coverage Ratio (DCR)

Loan-to-Value Ratio (LVR)

Capitalization Rate Based on Cost

Capitalization Rate Based on Resale Price

Gross Rent Monthly Multiplier (GRM)

Gross Rent Yearly Multiplier (GRM)

Value of Property Using this GRM 5.00

Break-Even Ratio

Operating Expense Ratio

Cash-on-Cash Return with Equity

Cash-on-Cash Return - Before Taxes

Financial Measurements

Cash Position

Rental Activity Analysis

Total Potential CASH Generated

Property Resale Analysis

130,728$ 134,650$ 138,689$ 142,850$ 147,135$

- - - - -

130,728$ 134,650$ 138,689$ 142,850$ 147,135$

(46,081) (47,464) (48,887) (50,354) (51,865)

84,647$ 87,186$ 89,802$ 92,496$ 95,271$

(11,879) (11,879) (11,879) (11,879) (11,879)

72,768$ 75,307$ 77,922$ 80,617$ 83,391$

705,389$ 726,551$ 748,347$ 770,798$ 793,922$

(21,162) (21,797) (22,450) (23,124) (23,818)

684,228$ 704,754$ 725,897$ 747,674$ 770,104$

(119,432) (113,387) (107,033) (100,354) (93,333)

564,796$ 591,367$ 618,864$ 647,320$ 676,771$

72,768$ 75,307$ 77,922$ 80,617$ 83,391$

330,494 403,262 478,569 556,491 637,108

564,796 591,367 618,864 647,320 676,771

- - - - -

(450,000) (450,000) (450,000) (450,000) (450,000)

518,057$ 619,936$ 725,355$ 834,428$ 947,270$

7.13 7.34 7.56 7.79 8.02

16.9% 15.6% 14.3% 13.0% 11.8%

14.11% 14.53% 14.97% 15.42% 15.88%

12.00% 12.00% 12.00% 12.00% 12.00%

64.75 64.75 64.75 64.75 64.75

5.40 5.40 5.40 5.40 5.40

653,639 673,248 693,446 714,249 735,677

44.34% 44.07% 43.82% 43.57% 43.32%

35.25% 35.25% 35.25% 35.25% 35.25%

18.26% 18.04% 17.83% 17.62% 17.43%

16.17% 16.73% 17.32% 17.91% 18.53%

Benny Spensieri

813-391-1545

Year 9Year 6 Year 7 Year 10Year 8

8/21/2017 10:46 AM © 1993 - 2014 Cash Flow Analyzer® http://RentalSoftware.com

Annual Property Operating DataPlant City MHP For Sale

3925W 92 Hwy

Plant City, FL 33563 Benny Spensieri

Column 1 813-391-1545

Column 2

Year 1 Sq Ft Per Unit Year 2 Sq Ft Per Unit Year 3 Sq Ft Per Unit Year 4 Sq Ft Per Unit Year 5 Sq Ft Per Unit

Potential Rental Income 115,000$ 1.24 638.89 116,150$ 1.26 645.28 119,635$ 1.29 664.64 123,224$ 1.33 684.58 126,920$ 1.37 705.11

115,000$ 1.24 638.89 116,150$ 1.26 645.28 119,635$ 1.29 664.64 123,224$ 1.33 684.58 126,920$ 1.37 705.11

Insurance 1,200 0.01 6.67 1,236 0.01 6.87 1,273 0.01 7.07 1,311 0.01 7.28 1,351 0.01 7.50

Maintenance 18,000 0.19 100.00 18,540 0.20 103.00 19,096 0.21 106.09 19,669 0.21 109.27 20,259 0.22 112.55

Property Taxes 5,500 0.06 30.56 5,665 0.06 31.47 5,835 0.06 32.42 6,010 0.07 33.39 6,190 0.07 34.39

Trash Removal 1,560 0.02 8.67 1,607 0.02 8.93 1,655 0.02 9.19 1,705 0.02 9.47 1,756 0.02 9.75

Electricity 11,800 0.13 65.56 12,154 0.13 67.52 12,519 0.14 69.55 12,894 0.14 71.63 13,281 0.14 73.78

Well 1,690 0.02 9.39 1,741 0.02 9.67 1,793 0.02 9.96 1,847 0.02 10.26 1,902 0.02 10.57

39,750$ 0.43 220.83 40,943$ 0.44 227.46 42,171$ 0.46 234.28 43,436$ 0.47 241.31 44,739$ 0.48 248.55

75,250$ 0.81 418.06 75,208$ 0.81 417.82 77,464$ 0.84 430.35 79,788$ 0.86 443.26 82,181$ 0.89 456.56

Less: Annual Debt Service (11,879) -0.13 -66.00 (11,879) -0.13 -66.00 (11,879) -0.13 -66.00 (11,879) -0.13 -66.00 (11,879) -0.13 -66.00

Cash Flow Before Taxes 63,371$ 0.69 352.06 63,328$ 0.69 351.82 65,585$ 0.71 364.36 67,908$ 0.73 377.27 70,302$ 0.76 390.57


Total Operating Expenses

Operating Expenses


© 1993 - 2014 Cash Flow Analyzer® http://RentalSoftware.com

Annual Property Operating DataPlant City MHP For Sale

3925W 92 Hwy


Column 1

Column 2

Potential Rental Income

Insurance

Maintenance

Property Taxes

Trash Removal

Electricity

Well

Less: Annual Debt Service

Cash Flow Before Taxes


Total Operating Expenses

Operating Expenses


Benny Spensieri

813-391-1545

Year 6 Sq Ft Per Unit Year 7 Sq Ft Per Unit Year 8 Sq Ft Per Unit Year 9 Sq Ft Per Unit Year 10 Sq Ft Per Unit

130,728$ 1.41 726.27 134,650$ 1.46 748.05 138,689$ 1.50 770.50 142,850$ 1.55 793.61 147,135$ 1.59 817.42

130,728$ 1.41 726.27 134,650$ 1.46 748.05 138,689$ 1.50 770.50 142,850$ 1.55 793.61 147,135$ 1.59 817.42

1,391 0.02 7.73 1,433 0.02 7.96 1,476 0.02 8.20 1,520 0.02 8.45 1,566 0.02 8.70

20,867 0.23 115.93 21,493 0.23 119.41 22,138 0.24 122.99 22,802 0.25 126.68 23,486 0.25 130.48

6,376 0.07 35.42 6,567 0.07 36.48 6,764 0.07 37.58 6,967 0.08 38.71 7,176 0.08 39.87

1,808 0.02 10.05 1,863 0.02 10.35 1,919 0.02 10.66 1,976 0.02 10.98 2,035 0.02 11.31

13,679 0.15 76.00 14,090 0.15 78.28 14,513 0.16 80.63 14,948 0.16 83.04 15,396 0.17 85.54

1,959 0.02 10.88 2,018 0.02 11.21 2,078 0.02 11.55 2,141 0.02 11.89 2,205 0.02 12.25

46,081$ 0.50 256.01 47,464$ 0.51 263.69 48,887$ 0.53 271.60 50,354$ 0.54 279.75 51,865$ 0.56 288.14

84,647$ 0.92 470.26 87,186$ 0.94 484.37 89,802$ 0.97 498.90 92,496$ 1.00 513.87 95,271$ 1.03 529.28

(11,879) -0.13 -66.00 (11,879) -0.13 -66.00 (11,879) -0.13 -66.00 (11,879) -0.13 -66.00 (11,879) -0.13 -66.00

72,768$ 0.79 404.26 75,307$ 0.82 418.37 77,922$ 0.84 432.90 80,617$ 0.87 447.87 83,391$ 0.90 463.29



Benny Spensieri

813-391-1545

Time Net Operating Debt Cash Flow Incomes Cash Flow

Period Income Service Before Tax Taxes After Tax

Int Investment (450,000)$ (450,000)$

Year 1 75,250 - (11,879) 63,371 - 63,371

Year 2 75,208 - (11,879) 63,328 - 63,328

Year 3 77,464 - (11,879) 65,585 - 65,585

Year 4 79,788 - (11,879) 67,908 - 67,908

Year 5 82,181 - (11,879) 70,302 - 70,302

Year 6 84,647 - (11,879) 72,768 - 72,768

Year 7 87,186 - (11,879) 75,307 - 75,307

Year 8 89,802 - (11,879) 77,922 - 77,922

Year 9 92,496 - (11,879) 80,617 - 80,617

Year 10 95,271 - (11,879) 83,391 - 83,391

3925W 92 Hwy


MIP Payments

$

$10,000

$20,000

$30,000

$40,000

$50,000

$60,000

$70,000

$80,000

$90,000

1 2 3 4 5 6 7 8 9 10

Cash Flow After Taxes

Cash Flow Before Taxes



3925W 92 Hwy

Plant City, FL 33563Benny Spensieri

813-391-1545

Time Initial Investment Cash Flow Cash on Cash Income Cash Flow Cash on Cash

Period Adj for Refinance Before Taxes Before Taxes Taxes After Taxes After Taxes

Year 1 450,000$ 63,371$ 14.08% $ 63,371$ 14.08%

Year 2 450,000 63,328 14.07% - 63,328 14.07%

Year 3 450,000 65,585 14.57% - 65,585 14.57%

Year 4 450,000 67,908 15.09% - 67,908 15.09%

Year 5 450,000 70,302 15.62% - 70,302 15.62%

Year 6 450,000 72,768 16.17% - 72,768 16.17%

Year 7 450,000 75,307 16.73% - 75,307 16.73%

Year 8 450,000 77,922 17.32% - 77,922 17.32%

Year 9 450,000 80,617 17.91% - 80,617 17.91%

Year 10 450,000 83,391 18.53% - 83,391 18.53%

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%

14.00%

16.00%

18.00%

20.00%

1 2 3 4 5 6 7 8 9 10

After Taxes

Before Taxes



3925W 92 Hwy

Plant City, FL 33563Benny Spensieri

813-391-1545

Time Net Operating Cap Rate on Cost Resale

Period Income (NOI) 600,000$ Value

Year 1 75,250$ 12.54% 627,083$

Year 2 75,208 12.53% 626,729

Year 3 77,464 12.91% 645,531

Year 4 79,788 13.30% 664,897

Year 5 82,181 13.70% 684,844

Year 6 84,647 14.11% 705,389

Year 7 87,186 14.53% 726,551

Year 8 89,802 14.97% 748,347

Year 9 92,496 15.42% 770,798

Year 10 95,271 15.88% 793,922

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%

14.00%

16.00%

1 2 3 4 5 6 7 8 9 10



3925W 92 Hwy

Plant City, FL 33563 Benny Spensieri

813-391-1545

Cash on Cash

Time Period Potential Operating, Debt, Occupancy BreakEven Max Vacancy BreakEven Max Vacancy

Requirement Rental Income Reserve Expenses Rate (Existing) Occupancy Rate BreakEven Rate Occupancy Rate BreakEven Rate

6.00% w/ Cash on Cash w/ Cash on Cash

Year 1 115,000 (51,629) 100.00% 44.89% 55.11% 68.37% 31.63%

Year 2 116,150 (52,822) 100.00% 45.48% 54.52% 68.72% 31.28%

Year 3 119,635 (54,050) 100.00% 45.18% 54.82% 67.75% 32.25%

Year 4 123,224 (55,315) 100.00% 44.89% 55.11% 66.80% 33.20%

Year 5 126,920 (56,618) 100.00% 44.61% 55.39% 65.88% 34.12%

Year 6 130,728 (57,960) 100.00% 44.34% 55.66% 64.99% 35.01%

Year 7 134,650 (59,343) 100.00% 44.07% 55.93% 64.12% 35.88%

Year 8 138,689 (60,767) 100.00% 43.82% 56.18% 63.28% 36.72%

Year 9 142,850 (62,233) 100.00% 43.57% 56.43% 62.47% 37.53%

Year 10 147,135 (63,744) 100.00% 43.32% 56.68% 61.67% 38.33%

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

1 2 3 4 5 6 7 8 9 10

BreakEven Occupancy

BreakEven Occupancy with Cash on Cash Requirment



CRES Corp International, LLC1228 E 7th Ave0Tampa, Fl 33605

[email protected]

Benny Spensieri

CRES Corp International, LLC (CCI) is a Commercial Real Estate company offering development, finance and

brokerage services:

Construction & Development Project Planning

Property Acquisitions

Investment Structuring

Property Conversion and Repositioning

Joint Venture Structuring

Medical/Health Care Property Management

Financial Arrangement & Consulting

To assist our Clients with their development projects and acquisitions we offer affordable financing alternatives

to conventional financing methods:

Variable Rate Demand Bonds

Industrial Revenue & Municipal Bonds

Build-to Lease Program

Foreign Investment Funds

Joint Venture/Equity Partnership Arrangements

Our goal is to bring our Clients the lowest interest rates and best leverage on their purchases and projects.

Our Development Team consists of licensed and bonded professionals that utilize the most recent sustainable

technology in their construction, offering considerable savings in construction costs and costs over time.

We will consider the following properties and projects:

Health Care/Medical

Offices

Retail

Schools/Universities

Hospitality

For further information contact Benny Spensieri – 813-391-1545 or [email protected]

Benny Spensieri

813-391-1545

[email protected]

Terms & Definitions

Tampa, Fl 33605

0

CRES Corp International, LLC1228 E 7th Ave

Net Operating Income (NOI) is a property’s gross rental income reduced by all expenses except for loan payments,income taxes, mortgage insurance premium (MIP) payments and sometimes funded reserves.

Debt Coverage Ratio (DCR) is a property’s net operating income divided by the amount of debt payments. Lendersuse this calculation to determine the remaining operating cash flow after the debt payments.

Loan-to-Value Ratio (LTV) is the outstanding debt divided by the value of the property. This ratio is used to determinethe amount of leverage and property equity. The debt balance can be the beginning or end-of-year balance. Theproperty value used can be the contract price or the fair market value at the end of the year.

Capitalization Rate (Cap Rate) is the net operating income (NOI) divided by either the property’s contract purchaseprice or its fair market value.

Cash-on-Cash Return is the net cash flow divided it by the initial investment (down payment). The calculation doesnot take into account the time value of money or change in the property’s equity.

Cash-on-Cash Return with Equity Build-up modifies the cash-on-cash return calculation by adding the property’s netchange in equity for that year to the numerator and adding all previously generated equity to the denominator of thecash-on-cash return ratio. The calculation calculates the return on the property equity, i.e. the return on the cash thatis “tied up” in the property.

Net Present Value (NPV) converts future dollars into present-day dollars by discounting (reducing) the future cash flowof a property by a given rate or percentage. The initial investment (down payment) is subtracted from the discounteddollars to derive the NPV. A positive NPV means that the property will generate a higher return than the given rate orpercentage used to calculate the NPV amount.

Gross Rent Multiplier (GRM) is a property’s fair market value divided by its gross rental income.

Mortgage Insurance Premium (MIP) Payments are insurance premiums charged by a lender to protect that lenderagainst loss from a mortgager's default. The rates are charged on the balance of the loan and may be paid annually,monthly, or in some combination of the two (split premiums).

Internal Rate-of-Return (IRR) is the most widely used method of valuing a property’s annual cash flow stream. Sincea property’s cash flow is earned in the future, those future dollars must be converted to present-day dollars. The IRRcalculation discounts (reduces) the property’s future cash flow at a rate (i.e. percentage) so that the sum of all cashflow for a specified time period is equal to the initial investment. The rate or percentage needed to do that is the IRR.In other words, IRR is the discount rate at which Net Present Value (NPV) is zero.

Modified Internal Rate-of-Return (MIRR) modifies the IRR to avoid the drawbacks of the traditional IRR. The IRRimplicitly assumes that all cash flow is either reinvested or discounted at the computed IRR rate. In reality, a property’scash flow probably will not be reinvested at the computed IRR rate, but rather earn zero or a small amount of interest.The MIRR eliminates the reinvestment assumption by utilizing user stipulated reinvestment and borrowing rates.

plant city mhp for sale - loopnet...plant city mhp for sale annual property operating data 3925w 92...

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