Financials
| Listing Price: | $1,199,000 | Building Sq. Ft: | 2,142 | Units | 5 |
|---|---|---|---|---|---|
| Down Payment: | $600,000 | Lot Square Ft: | 5,491 | Price/Unit: | $239,800 |
| Loan Amount: | $599,000 | APN: | 001-842-013 | Age: | 1960 |
| Current Rent GRM: | 15.98 | Market GRM: | 14.27 | Roof: | Asphalt Comp |
| Cap Rate: | 3.21% | ProForma Cap: | 3.77% | Price/Sq.Ft. | $560 |
| Current: | ProForma: | Monthly Scheduled Rents: | $6,254 | $7,000 | |
| Scheduled Gross Annual Income: | $75,048 | $84,000 | |||
| Less: Vacancy Factor @ 3% | $2,251 | $2,520 | |||
| Effective Gross Income: | $72,797 | $81,480 | |||
| Plus: Water Income: | $300 | $1,500 | |||
| Total Annual Income: | $73,097 | $82,980 | |||
| Less Expenses: | |||||
| Property Taxes: | 1.1380% | $13,645 | 18.67% | $13,645 | 16.44% |
| Direct Assessments: | $292 | $292 | |||
| Repairs and Maintenance: | $650 | $3,250 | 4.45% | $3,250 | 3.92% |
| Off Site Management: | 6% | $4,368 | 5.98% | $4,889 | 5.89% |
| On Site Management: | |||||
| Property Insurance: | $2,165 | 2.96% | $2,165 | 2.61% | |
| Garbage: | $161 | $1,932 | 2.64% | $1,932 | 2.33% |
| Sewer: | $152 | $1,824 | 2.50% | $1,824 | 2.20% |
| Water: | $209 | $2,508 | 3.43% | $2,508 | 3.02% |
| PG&E: | $10 | $120 | 0.16% | $120 | 0.14% |
| Landscaping: | $100 | $1,200 | 1.64% | $1,200 | 1.45% |
| Reserves: | $250 | $1,250 | 1.71% | $3,000 | 3.62% |
| Miscellaneous: | $2,000 | 2.74% | $3,000 | 3.62% | |
| Total Expenses: | $6,911 | $34,553 | 47.27% | $37,824 | 45.58% |
| Net Operating Income: | $38,543 | $45,156 | |||
| Annual Debt Service: | 3.85% | $34,012 | $34,012 | ||
| Before Tax Cash Flow: | $4,531 | $11,143 |
