Page 1

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:

1256 Robin

City:

Carol Stream

Zip:

60188

After Rehab Value (ARV):

175,000

Purchase Price:

110,989

Rehab Estimate:

10,800

Rental Estimate:

1,372

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:

No Association Dues! DuPage County

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

$511.01 $309.92 $33.33 $0.00 $50.00 $904.26

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

$175,000.00 -$110,989.00 -$10,800.00 -$4,521.30 -$5,250.00 -$3,000.00 -$2,000.00 $38,439.70 109.9%

Summary: Down payment (85% loan) Rehab Closing costs on purchase Carrying costs Total dollars required:

FOR DEMONSTRATION PURPOSES ONLY - RESULTS NOT GUARANTEED

$175,000.00 $175,000.00 $110,989.00 $3,719.00 $0.00 $10,800.00 $400.00 $3,000.00 6.50% 94,340.65 0.00

$16,648.35 $10,800.00 $3,000.00 $4,521.30 $34,969.65


Interest only payment Taxes Insurance Association Dues Total Payment less: Rent Cash Flow

Rehab Period $511.01 $309.92 $33.33 $0.00 $854.26

APPRECIATION CALCULATION Appreciation Percentage Initial Appraised Value

3.00% $175,000.00

End of Yr 1 Value End of Yr 2 Value End of Yr 3 Value

$180,250.00 $185,657.50 $191,227.23

PROFIT CALCULATION Cash Inflow Selling Price Yr. 3 3 Years of Cash Flow Subtotal of Inflows Cash Outflow Less: Commission on Sale Less: Closing Costs on Sale Less: 3 Yrs of Repairs Less: Carrying Costs Less: Back-end Rehab Subtotal of Outflows Gross Inflow Less: Current Loan Gross Profit Less: Money in Property Less: Deposit Returned Profit:

Rental Period $710.94 $309.92 $33.33 $0.00 $1,054.19 $1,372.00 $317.81

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

$191,227.23 $11,441.16 $202,668.39 -$5,736.82 -$3,000.00 -$1,800.00 -$3,162.57 -$4,000.00 -$17,699.39 $184,969.00 -$131,250.00 $53,719.00 -$59.30 -$1,372.00 $52,287.70

INPUTS Appraised value Selling price Purchase Price Annual Taxes Monthly association dues Rehab Homeowner's Insurance Section 8 Rent

(90 days to sell)

Points on refi Closing costs on refi Cash out Upfront money Money in property during rental period

$175,000.00 $175,000.00 $110,989.00 $3,719.00 $0.00 $10,800.00 $400.00 $1,372.00 6.50% 6.50% $94,340.65 $131,250.00

$175,000.00 75% $131,250.00 -$94,340.65 $36,909.35 1 -$2,000.00 $34,910.35 $34,969.65 $59.30


* Investor retains tax write offs for mortgage interest and depreciation, property taxes FOR DEMONSTRATION PURPOSES ONLY - RESULTS NOT GUARANTEED


Comparative Market Analysis Property At: 1256 ROBIN DR NONE 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: DR Street Number: 1256 Street Name: ROBIN Unit Number: NONE City: Carol Stream State: Illinois Zip Code: 60188 Total # Of Rooms: 6 Bedrooms - Above Grade: 3 Bathrooms: 1.1 Total # Units in Building: 3 Unit Floor Level: 1 Monthly Assessment: 0 Type of House: Townhouse Living Room Size: 16X15 Master Bedroom Size: 12X10 Garage Type: 1 Car Garage Parking: None/Not Applicable Age: 11-25 Years Exterior Building Type: Brick Elementary Sch Dist: 46 High Sch Dist: 46

Prepared By: Christian Chase Chase Real Estate, LLC


Comparables Subject Property

1256 ROBIN DR NONE Address: Carol Stream, Illinois 60188

Comp #1

Adjustment Comp #2

Adjustment Comp #3

Adjustment

1434 Ash CT Carol Stream, Illinois 60188

904 FOREST LN 904 Carol Stream, Illinois 60188

1353 GEORGETOWN DR Carol Stream, Illinois 60188

MLS #:

07397358

07330586

07259344

Status:

CLSD

CLSD

CLSD

Unit Number: NONE

904

List Price:

$157, 900

$164, 500

$157, 900

Sold Price:

$155, 000

$156, 000 (F)

$157, 000

02/25/2010

11/23/2009

04/07/2010

Total # Of Rooms: 6

6

5

7

Bedrooms - Above Grade: 3

3

2

3

1.1

1.1

1.1

Spring Valley

Country Glen

Spring Valley

Total # Units in Building: 3

1

2

5

Unit Floor Level: 1

1

1

1

Closed Date:

Total Full/Half Baths: 1.1 Subdivision:

Approx Sq Ft:

1180

Assessment/Association 0 Dues $: Type of House: Townhouse

0

0

0

Townhouse

1/2 Duplex, Townhouse

Townhouse

Combined w/ LivRm

L-shaped

Dining Room: Living Room Size: 16X15

19X12

13X13

19X12

Master Bedroom Size: 12X10

16X12

16X11

20X12

Duplex

Dorchester

Attached, 1 Car Garage

Attached, 1 Car Garage

Attached, 1 Car Garage, Garage Door Opener(s) (Auto)

None/Not Applicable

Off Street

None/Not Applicable

26-50 Years

11-25 Years

26-50 Years

Aluminum/Vinyl/Steel Siding, Brick, Frame

Aluminum/Vinyl/Steel Siding

Aluminum/Vinyl/Steel Siding, Brick

Elementary Sch Dist: 46

46

93

46

High Sch Dist: 46

46

87

46

N/A

F

N/A

Model: Garage Type: 1 Car Garage Parking: None/Not Applicable Age: 11-25 Years Exterior Building Type: Brick

Short Sale/Foreclosed/Court Approved: Total Adjustments:

Adjusted Price:

Prepared By: Christian Chase Chase Real Estate, LLC

$0

$0

$0

$155000

$156000

$157000


Comparables (continued) Subject Property

Comp #4

Adjustment Comp #5

Adjustment Comp #6

Adjustment

1273 LAKE SHORE DR Carol Stream, Illinois 60188

1295 LAKE SHORE DR Carol Stream, Illinois 60188

1276 LAKE SHORE DR 1276 Carol Stream, Illinois 60188

MLS #:

07328775

07405650

07401587

Status:

CLSD

CLSD

CLSD

1256 ROBIN DR NONE Address: Carol Stream, Illinois 60188

Unit Number: NONE

1276

List Price: Sold Price: Closed Date:

$179, 900

$209, 900

$209, 900

$176, 000 (F)

$201, 500

$196, 000

12/11/2009

05/06/2010

04/23/2010

Total # Of Rooms: 6

7

9

8

Bedrooms - Above Grade: 3

3

3

3

2.1

2.1

2.1

Bennington On The Lake

Bennington On The Lake

Total Full/Half Baths: 1.1 Subdivision: Total # Units in Building: 3

4

3

4

Unit Floor Level: 1

1

1

1

166

196

196

Townhouse

Townhouse

Townhouse

Separate

Separate

Approx Sq Ft: Assessment/Association 0 Dues $: Type of House: Townhouse Dining Room: Living Room Size: 16X15

15X12

17X15

11X10

Master Bedroom Size: 12X10

16X12

16X15

16X15

Ainsley

Ainsley

Attached, 2 Car Garage

Attached, 2 Car Garage

Attached, 2 Car Garage, Garage Door Opener(s) (Auto), Transmitter(s)

Off Street

Owned, Visitor Parking

Visitor Parking

11-25 Years

11-25 Years

11-25 Years

Aluminum/Vinyl/Steel Siding

Aluminum/Vinyl/Steel Siding, Brick

Aluminum/Vinyl/Steel Siding

Elementary Sch Dist: 46

93

93

93

High Sch Dist: 46

87

87

87

F

N/A

N/A

Model: Garage Type: 1 Car Garage Parking: None/Not Applicable Age: 11-25 Years Exterior Building Type: Brick

Short Sale/Foreclosed/Court Approved: Total Adjustments:

Adjusted Price:

Prepared By: Christian Chase Chase Real Estate, LLC

$0

$0

$0

$176000

$201500

$196000


Comparables (continued) Subject Property

1256 ROBIN DR NONE Address: Carol Stream, Illinois 60188

Comp #7

Adjustment Comp #8

Adjustment Comp #9

Adjustment

1341 PORTSMOUTH CT Carol Stream, Illinois 60188

1330 PENNSBORO CT 2 Carol Stream, Illinois 60188

1316 Robin DR Carol Stream, Illinois 60188

MLS #:

07472429

07009040

07502629

Status:

PEND

CTG

ACTV

Unit Number: NONE

2

List Price:

$163, 800

$189, 000

$174, 500

Total # Of Rooms: 6

6

8

4

Bedrooms - Above Grade: 3

3

4

2

1.1

1.1

1.1

Sold Price: Closed Date:

Total Full/Half Baths: 1.1 Subdivision:

Spring Valley

Maplewood Estates

Total # Units in Building: 3

4

4

5

Unit Floor Level: 1

1

2

1

0

0

0

Townhouse

Townhouse

Townhouse

L-shaped

Combined w/ LivRm

Living Room Size: 16X15

19X12

15X14

19X12

Master Bedroom Size: 12X10

19X12

15X11

16X11

Attached, 1 Car Garage

Attached

Attached, 1 Car Garage, Garage Door Opener(s) (Auto), Transmitter(s)

Off Street

Off Street

None/Not Applicable

26-50 Years

26-50 Years

11-25 Years

Aluminum/Vinyl/Steel Siding, Brick

Aluminum/Vinyl/Steel Siding, Brick

Aluminum/Vinyl/Steel Siding, Brick

Elementary Sch Dist: 46

46

46

46

High Sch Dist: 46

46

46

46

Approx Sq Ft: Assessment/Association 0 Dues $: Type of House: Townhouse Dining Room:

Model: Garage Type: 1 Car Garage Parking: None/Not Applicable Age: 11-25 Years Exterior Building Type: Brick

Short Sale/Foreclosed/Court Approved: Total Adjustments:

Adjusted Price:

Prepared By: Christian Chase Chase Real Estate, LLC

$0

$0

$0

$163800

$189000

$174500


Comparables (continued)

Address:

Subject Property

Comp #10

1256 ROBIN DR NONE Carol Stream, Illinois 60188

1423 Walnut CIR Carol Stream, Illinois 60188

MLS #:

07475555

Status:

ACTV

Adjustment

Unit Number: NONE List Price:

$179, 900

Sold Price: Closed Date: Total # Of Rooms: 6

6

Bedrooms - Above Grade: 3

3

Total Full/Half Baths: 1.1

1.1

Subdivision:

Spring Valley

Total # Units in Building: 3

4

Unit Floor Level: 1

1

Approx Sq Ft: Assessment/Association 0 Dues $:

0

Type of House: Townhouse

Townhouse

Dining Room:

Separate

Living Room Size: 16X15

15X15

Master Bedroom Size: 12X10

16X11

Model: Attached, 1 Car Garage, Garage Door Opener(s) (Auto), Transmitter(s)

Garage Type: 1 Car Garage Parking: None/Not Applicable

None/Not Applicable

Age: 11-25 Years

11-25 Years

Exterior Building Type: Brick

Aluminum/Vinyl/Steel Siding, Brick

Elementary Sch Dist: 46

46

High Sch Dist: 46

46

Short Sale/Foreclosed/Court Approved: Total Adjustments:

Adjusted Price:

Prepared By: Christian Chase Chase Real Estate, LLC

$0

$179900


Key

MLS #

Status

Address

Price

Beds

Baths

1)

07397358

CLSD

1434 Ash CT

$155,000

3

1.1

2)

07330586

CLSD

904 FOREST LN 904

$156,000

2

1.1

3)

07259344

CLSD

1353 GEORGETOWN DR

$157,000

3

1.1

4)

07328775

CLSD

1273 LAKE SHORE DR

$176,000

3

2.1

5)

07405650

CLSD

1295 LAKE SHORE DR

$201,500

3

2.1

6)

07401587

CLSD

1276 LAKE SHORE DR 1276

$196,000

3

2.1

7)

07472429

PEND

1341 PORTSMOUTH CT

$163,800

3

1.1

8)

07009040

CTG

1330 PENNSBORO CT 2

$189,000

4

1.1

9)

07502629

ACTV

1316 Robin DR

$174,500

2

1.1

10)

07475555

ACTV

1423 Walnut CIR

$179,900

3

1.1

Prepared By: Christian Chase Chase Real Estate, LLC

Carol Stream Foreclosure  

Foreclosure Binder

Read more
Read more
Similar to
Popular now
Just for you