Sweat equity partner seeking Joint Venture partner for 2900% ROI deal!!!

[Jude R]

PURCHASE PRICE: less than $450,000 (option for $112,000 | 25% LTV as OWNER FINANCING in second position, so with 65% LTV hard money loan (@12%) ONLY 10% + closing cost required

STATE: IL
MSA: CHICAGO-NAPERVILLE-ARLINGTON HEIGHTS, IL
COUNTY: COOK COUNTY
NUMBER OF UNIT: Between 10-20
UNIT MIX: 10% 2BD | 30% 1BD | 50% STUDIO | 10% RETAIL
AREA CLASS: C+ / B-
PROPERTY CLASS: C 
OCCUPANCY RATE: Above 85%
MARKET CAP RATE: 10%
ACTUAL CAP RATE: 19.14% 
UPSIDE: Potential for 24% Cap
COST PER UNIT: -40% Less than the median area 
MARKET RENT PER SF: $1.19
ACTUAL RENT PER SF: $0.93 (-21.8% below market)
DSCR: 2.10
GRM: 2.29
CASH ON CASH (year1): 120% C/C from day one (based on actual)
CASH ON CASH: 172% (average per year)
AVERAGE ROI: 580% (average per year)
TOTAL ROI: 2900% (after 5yr)
TOTAL POTENTIAL PROFIT: $1,080,413 (after 5yr)

If you like this deal, please contact me and let me know what is your offer for partnership. and I'll share with you the full information.

[e-mail]