Hilltop Manor

1101 N 48th Ave, Omaha, NE 68132

Jake Denker

Executive Vice President

4029687664

jdenker@sagecapitalinvestments.com

NE#20140150

209 S 19th Street, Suite 675Omaha, Nebraska 681924023175697 (p)www.sagecapitalinvestments.com

Asking Price: $1,402,500●

Immediate upside with rentincreases

●

Hardwood Floors in Units●

Can be purchased as part of a140 unit Portfolio

●

Mix of One, Two, and Threebedroom units

●

Real Estate Investment DetailsHilltop Manor

1101 N 48th AveOmaha, NE 68132

Jake Denker4029687664

Analysis

Analysis Date April 2017

Property

Property Hilltop Manor

Property Address 1101 N 48th AveOmaha, NE 68132

Year Built 1961

Financial Information

All Cash

Purchase Information

Property Type MultiFamily

Purchase Price $1,402,500

Units 33

Total Rentable Sq. Ft. 20,208

Loans

Type Debt Term Amortization Rate Payment LO Costs

All Cash

Income & Expenses

Gross Operating Income $213,840

Monthly GOI $17,820

Total Annual Expenses ($100,146)

Monthly Expenses ($8,346)

Contact Information

Jake Denker

4029687664

jdenker@sagecapitalinvestments.com

NE#20140150

The calculations and data presented are deemed to be accurate, but not guaranteed. They are intended for the purpose of illustrative projectionsand analysis. The information provided is not intended to replace or serve as substitute for any legal, accounting, investment, real estate, tax orother professional advice, consultation or service. The user of this software should consult with a professional in the respective legal, accounting,tax or other professional area before making any decisions.

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Property PhotosHilltop Manor

1101 N 48th AveOmaha, NE 68132

Jake Denker4029687664

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Pro Forma SummaryHilltop Manor

1101 N 48th AveOmaha, NE 68132

Jake Denker4029687664

UNIT MIX & ANNUAL SCHEDULED INCOME

Type Units Actual Total Market Total

0+1 2 $4,350 $8,700 $6,000 $12,000

1+1 13 $5,063 $65,820 $6,300 $81,900

2+1 12 $7,070 $84,840 $7,800 $93,600

3+1 6 $8,060 $48,360 $9,540 $57,240

TOTALS 33 $207,720 $244,740

ANNUALIZED INCOMEActual Market

Gross Potential Rent $207,720 $244,740

Less: Vacancy $0 ($12,237)

Misc. Income $6,120 $18,000

Effective Gross Income $213,840 $250,503

Less: Expenses ($100,146) ($102,396)

Net Operating Income $113,694 $148,107

ANNUALIZED EXPENSES

Actual MarketProperty Management Fee $10,692 $12,237

Accounting $500 $500

Advertising $750 $755

Building Insurance $11,260 $11,260

General Supplies $11,996 $12,000

Grounds Maintenance $3,600 $3,600

Alarm and Security $487 $487

Janitorial $1,250 $1,250

Legal $425 $425

Maintenance $4,626 $4,626

Bank Fees $356 $356

Repairs $3,420 $3,500

Taxes - Real Estate $25,860 $26,000

Trash Removal $1,200 $1,200

Utility - Electricity $2,664 $2,700

Utility - Water/Sewer/Gas $21,060 $21,500

Total Expenses $100,146 $102,396

Expenses Per RSF $4.96 $5.07

Expenses Per Unit $3,035 $3,103

**Actual income based off Rent Roll. ProForma (Market) based off rent comps with 5% vacancyrate.**

INVESTMENT SUMMARY

Price: $1,402,500

Year Built: 1961

Units: 33

Price/Unit: $42,500

RSF: 20,208

Price/RSF: $69.40

Lot Size: 41,382 sf

Floors: 3

Cap Rate: 8.11%

Market Cap Rate: 10.56%

GRM: 6.56

Market GRM: 5.34

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Unit Rent RollHilltop Manor

1101 N 48th AveOmaha, NE 68132

Jake Denker4029687664

Unit Description Approx. Sq. Ft. Current Rent Pro Forma Rent Comments

1 2+1 600 $585 $650  

2 1+1 524 $455 $525  

3 2+1 600 $585 $650  

4 1+1 524 $0 $525 VACANT

5 1+1 524 $480 $525  

6 2+1 600 $585 $650  

7 1+1 524 $455 $525  

8 2+1 600 $565 $650  

9 3+1 900 $650 $795  

10 0+1 350 $350 $500  

11 3+1 900 $650 $795  

12 3+1 900 $650 $795  

14 1+1 524 $375 $525  

15 2+1 600 $600 $650  

16 1+1 524 $470 $525  

17 2+1 600 $610 $650  

18 1+1 524 $485 $525  

19 3+1 900 $700 $795  

20 1+1 524 $465 $525  

21 2+1 600 $585 $650  

22 1+1 524 $455 $525  

23 2+1 600 $585 $650  

24 3+1 900 $715 $795  

25 0+1 350 $375 $500  

26 2+1 700 $585 $650  

27 1+1 524 $455 $525  

28 2+1 600 $600 $650  

29 1+1 524 $465 $525  

30 3+1 900 $665 $795  

31 1+1 524 $470 $525  

32 2+1 600 $600 $650  

33 1+1 524 $455 $525  

34 2+1 600 $585 $650  

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DemographicsHilltop Manor

1101 N 48th AveOmaha, NE 68132

Jake Denker4029687664

Population Characteristic 1 Mile 3 Mile 5 Mile

AGES 0-4 1,679 11,013 21,926

AGES 5-9 1,915 12,489 24,980

AGES 10-14 1,578 10,368 21,064

AGES 15-19 1,405 9,421 19,348

AGES 20-24 1,376 9,497 19,052

AGES 25-29 1,464 9,979 19,242

AGES 30-34 1,632 10,538 19,580

AGES 35-39 1,770 10,855 19,757

AGES 40-44 1,825 10,867 19,876

AGES 45-49 1,779 10,605 19,691

AGES 50-54 1,627 9,800 18,536

AGES 55-59 1,454 8,771 16,861

AGES 60-64 1,170 7,337 14,402

AGES 65-69 825 5,657 11,486

AGES 70-74 560 4,201 8,828

AGES 75-79 326 3,040 6,514

AGES 80-84 155 2,019 4,441

AGES 85+ 279 3,912 8,304

Household Income 1 Mile 3 Mile 5 Mile

Median Household Income $35,150 $36,087 $38,903

< $10000 1,388 7,727 12,222

$10000-$14999 796 4,634 8,598

$15000-$19999 473 3,857 7,473

$20000-$24999 647 4,879 8,512

$25000-$29999 618 4,672 8,172

$30000-$34999 661 4,211 7,748

$35000-$39999 366 3,682 6,979

$40000-$44999 475 3,323 6,984

$45000-$49999 207 2,549 5,490

$50000-$60000 769 4,668 9,785

$60000-$74000 958 5,788 12,241

$75000-$99999 958 5,526 11,374

$100000-$124999 453 2,207 5,068

$125000-$149999 227 967 2,412

$150000-$199999 326 1,047 2,091

> $200000 418 985 2,252

Race Characteristic 1 Mile 3 Mile 5 Mile

Non Hispanic White 16,557 96,179 199,814

Population Black 3,398 35,034 51,954

Population Am In/AK Nat 51 463 918

Characteristic Housing 1 Mile 3 Mile 5 Mile

Housing Units 10,601 67,629 126,833

Occupied Housing Units 9,438 59,722 114,175

Owner Occupied Housing Units 4,538 29,496 61,989

Renter Occupied Housing Units 4,900 30,226 52,186

Vacant Housing Units 1,163 7,907 12,658

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Location MapHilltop Manor

1101 N 48th AveOmaha, NE 68132

Jake Denker4029687664

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