Financials
| Listing Price: | $975,000 | Building Sq. Ft: | 2,270 | Units | 3 |
|---|---|---|---|---|---|
| Down Payment: | $450,000 | Lot Square Ft: | 6,398 | Price/Unit: | $325,000 |
| Loan Amount: | $525,000 | APN: | 002-671-041 | Age: | 1953 |
| Current Rent GRM: | 15.29 | ProForma GRM: | 13.66 | Roof: | Comp |
| Cap Rate: | 4.29% | ProForma Cap: | 4.67% | Price/Sq.Ft. | $492 |
| Current: | ProForma: | ||||
| Rent Roll: | |||||
| 1133 Pajaro - One Bed / One Bath | $1,716 | $1,850 | |||
| 1133 Pajaro- One Bed / One Bath | $1,754 | $1,850 | |||
| 1133 Pajaro - Two Bed / One Bath | $2,007 | $2,250 | |||
| Monthly Scheduled Rents: | $5,477 | $5,950 | |||
| Scheduled Gross Annual Income: | $65,724 | $71,400 | |||
| Less: Vacancy Factor @ 3% | $1,972 | $2,142 | |||
| Effective Gross Income: | $63,752 | $69,258 | |||
| Less Expenses: | |||||
| Property Taxes: | 1.122% | $10,940 | 17.16% | $10,940 | 15.80% |
| Repairs and Maintenance: | $750 | $2,250 | 3.53% | $2,250 | 3.25% |
| Property Insurance: | $1,053 | 1.65% | $1,053 | 1.52% | |
| Garbage: | $0 | 0.00% | $1,445 | 2.09% | |
| Property Management: | 6.0% | $3,825 | 6.00% | $4,155 | 6.00% |
| Sewer: | $131 | $1,572 | 2.50% | $1,572 | 2.27% |
| Water: | $0 | 0.00% | $0 | 0.00% | |
| PG&E: | $0 | 0.00% | $0 | 0.00% | |
| Landscaping: | $1,800 | 2.82% | $1,800 | 2.60% | |
| Miscellaneous: | $500 | 0.78% | $500 | 0.72% | |
| Total Expenses: | $7,313 | $21,940 | 34.41% | $23,715 | 34.24% |
| Net Operating Income: | $41,813 | $45,543 | |||
| Annual Debt Service: | 6.50% | $40,203 | $40,203 | ||
| Before Tax Cash Flow: | $1,609 | 0.36% | $5,340 | 1.19% |
