Manager's

Evaluation Report
5410 POMEROY CIR, LAS VEGAS, 89142
3 bedroom 2 F 1 H bath 1260 SF home built in 1983
$ 63,900 Proforma Sale Price

$ 850 Rent

Disposition Costs

Cash Operating Expenses

$ 1,949

Sell-Side of Listing
$ 1,949

Buy-Side of Listing
$ 974

Seller Closing Costs

$ 55
$ 35
$ -

Property Tax
Homeowners Insurance
Homeowners Association Fees

$ 4,871

Total Disposition Costs

$ 55
$ -

Includes 6% property management fee

Other Expenses

$ 59,029 Revenue from Disposition

$ 145 Monthly Cash Expenses

Acquisition, Carrying, and Renovation Costs

Reserve Expenses

$ 46,000 Auction Acquisition Cost

$ 2,760

Trustee Sale Fees & Commissions

$ 60
$ 40

$ 4,000

$ 420

$ 1,250

$ 100

$ -
$ -
$ 248

$ 100 Monthly Reserve Expenses

Real Estate Improvements

Total Carrying Costs
Project Management
Back Property Taxes
Back HOA Dues
Tenant Move-out Allowance
Transfer Taxes and Recording Fees

Maintenance and Replacement Reserves

Vacancy and Collection Loss

$ 245 Total Expenses

$ 605 Net Operating Income
7.0

Months to match flip

$ 54,778 Total Acquisition and Renovation Costs

$ 54,778

Total Acquisition and Renovation Costs

$ 4,250

Total Profit

$ 7,260

Yearly Net Income

7.8% Profit Margin

13.3% Capitalization Rate

Asking Prices
$ 67,900 Initial Asking Price
$ 65,900 Minimum MLS Asking Price
$ 63,900 Cashflow Investor Asking Price
$ 59,900 Breakeven Sale Price

Ideal Home Brokers

Manager's Report

Asking Rents
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=
=
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$ 900
$ 875
$ 850

$ 825

$ 800

1 of 2

larry@IdealHomeBrokers.com
(949) 351-6913

5410 POMEROY CIR, LAS VEGAS, 89142

Comparable Resales

1982, 3/2, 1130 SF, $53000, $46.86/SF, 1391 CROSSDALE AV, WINTERWOOD SUNRISE #03 10/20/11

Resale Date

Amount
$ 53,000

9/13/11
1981, 3/3, 1260 SF, $59300, $47.02/SF, 5442 BURKSHIRE DR, WINTERWOOD SUNRISE #01 8/23/11
1981, 3/3, 1260 SF, $48900, $38.77/SF, 5418 BURKSHIRE DR, WINTERWOOD SUNRISE #01 8/22/11
1989, 3/3, 1494 SF, $80000, $53.51/SF, 1725 STARRIDGE WY, WINTERWOOD SUNRISE #04 8/19/11
1981, 3/2, 1130 SF, $55000, $48.62/SF, 5461 BURKSHIRE DR, WINTERWOOD SUNRISE #01 8/17/11

$ 55,000
$ 65,000
$ 60,500
$ 72,800
$ 55,000

1990, 3/2, 1385 SF, $53000, $38.23/SF, 5551 GRENOBLE DR, WINTERWOOD SUNRISE #01

Comparable Rentals

Start Date
10/25/11
10/26/11
10/27/11
12/01/11
12/31/11
02/04/12
03/14/12
10/25/11

End Date
10/26/11
10/27/11
12/01/11
12/31/11
02/04/12
03/14/12
03/17/12
03/17/12

1185 S CHRISTY LN -- 2 bed 2 bath 1090 SF -- 1981 List: $990

1368 S CHRISTY LN -- 3 bed 2 bath 1090 SF -- 1982 List: $900
1567 S CHRISTY LN -- 3 bed 2 bath 1158 SF -- 1983 List: $995

Fix up

11/30/2011

10/31/2011

9/30/2011

7/31/2011

Evicion 10/27/11
1

12/01/11

Rening

10/27/11

12/31/11

Lising

Aucion 10/26/11
1

02/04/12

Escrow

10/26/11

03/14/12

Closing

Evicion Aucion

7/1/2011

Task
Auction Purchase - 1 day(s)
Eviction and Possession - 1 day(s)
Property Renovation - 35 day(s)
Rental Listing - 30 day(s)
MLS Listing - 35 day(s)
Escrow and Closing - 39 day(s)
Cash to Auction - 3 day(s)
Purchase to Sale

8/31/2011

1394 BRADHURST CT -- 3 bed 2 bath 1430 SF -- 1981 List: $900

03/17/12

Ideal Home Brokers

Manager's Report

3/31/2012

$ 799
$ 908
$ 900
$ 995
$ 900

3/1/2012

7/9/11
5/12/11
1/26/11
2/9/11
12/10/10

5534 MAIDSTONE CR -- 3 bed 2 bath 1058 SF -- 1984 List: $799

1/30/2012

Amount

12/31/2011

Lease Date

Purchase to Sale Schedule

Fix up 12/01/11
35
Rening 12/31/11
30
Lising 02/04/12
35
Escrow 03/14/12
39
Closing 03/17/12
3

2 of 2

larry@IdealHomeBrokers.com
(949) 351-6913