eXp Realty Ryan McMillan, Oregon license 201262100 · Brokered by eXp Realty (541) 941-8301
PromesaInvestment Properties

Our Properties · Multifamily

Bear Creek Eight

2140 Riverside Avenue · Medford, OR · 97501 · Jackson County

Sample · Not for SaleLocation

A sample listing, not for sale. It is made up to show how our listings and their Offering Memoranda work; the property, its address and its figures are not real.

$1,485,000

$185,625 per unit · $232 per sq ft

Bear Creek Eight, photo 1 of 1

The underwriting

$1,485,000 6.4% cap

Bear Creek Eight

8 units6,400 sq ft$186K / unit8 bathsGarage Nobuilt 1978

Cash FlowYear 1$1,579Year 10$3,993a month, after the loan
$1,485,000 6.4% cap

LineNowYear 10 proformaProjections for illustration only: not an appraisal, a loan quote or a guarantee. Verify every figure in due diligence. Disclosures
NOI / year$95K$124K
Coverage1.25×1.63×
Equity$520K35% down$1.17M59%
Return CoC · IRR3.4%10.6%

Down payment

35%

Interest rate

6.875%

Amortization

30 years

Management

Self-managed

30-year fixed. Income and value grow 3% a year. Self-managed.

Ask Ryan for the file

Rent roll, trailing twelve, and the lender package.

Figures are estimates from information deemed reliable but not guaranteed. Disclosures.

Units
8
Year built
1978
Building
6,400 sq ft
Lot
14,800 sq ft
Bathrooms
8
Garage
No
Occupancy
100%
Gross rent
$13,200 / mo
Expenses
$55,440 / yr
Cap rate
6.4%
NOI
$95,040
GRM
9.4x

About the property

Fictional placeholder listing for demonstration.

Eight two-bedroom units in two single-story buildings on a corner lot a block from Bear Creek Greenway. Individually metered, pitched roofs replaced in 2019, off-street parking for twelve. Rents sit under market by roughly nine percent on the trailing twelve, with three leases rolling in the next six months.

Highlights

  • Workforce rents, 100% occupied on the trailing twelve
  • Roofs 2019, water heaters 2021
  • Individually metered electric and gas
  • Twelve off-street spaces, on-site laundry

Location

Map not available