Financials
Listing Price: | $1,825,000 | Building Sq. Ft: | 6,000 | Units | 8 |
---|---|---|---|---|---|
Down Payment: | $925,000 | Lot Square Ft: | 10,500 | Price/Unit: | $228,125 |
Loan Amount: | $900,000 | APN: | 012-267-011 | Age: | 1964 |
Current Rent GRM: | 14.08 | Market GRM: | 12.26 | Roof: | Flat |
Cap Rate: | 3.44% | ProForma Cap: | 4.34% | Price/Sq.Ft. | $304 |
Current: | ProForma: | Monthly Scheduled Rents: | $10,805 | $12,400 | |
Scheduled Gross Annual Income: | $129,660 | $148,800 | |||
Less: Vacancy Factor @ 3% | $3,890 | $4,464 | |||
Effective Gross Income: | $125,770 | $144,336 | |||
Plus: Laundry Income: | $0 | $0 | |||
Total Annual Income: | $125,770 | $144,336 | |||
Less Expenses: | |||||
Property Taxes: | 1.138% | $21,375 | 17.00% | $21,375 | 14.81% |
Repairs and Maintenance: | $750 | $6,000 | 4.77% | $6,000 | 4.16% |
Off Site Management: | 6% | $7,546 | 6.00% | $8,660 | 6.00% |
Property Insurance: | $3,637 | 2.89% | $3,637 | 2.52% | |
Garbage: | $390 | $4,680 | 3.72% | $4,680 | 3.24% |
Sewer: | $288 | $3,459 | 2.75% | $3,459 | 2.40% |
Water: | $788 | $9,456 | 7.52% | $9,456 | 6.55% |
PG&E: | $181 | $2,172 | 1.72% | $2,172 | 1.50% |
Landscaping: | $100 | $1,200 | 0.95% | $1,200 | 0.83% |
Reserves: | $250 | $2,000 | 1.59% | $3,000 | 2.08% |
Miscellaneous: | $1,500 | 1.19% | $1,500 | 1.04% | |
Total Expenses: | $7,878 | $63,025 | 50.11% | $65,129 | 45.13% |
Net Operating Income: | $62,745 | $79,197 | |||
Annual Debt Service: | 4.00% | $52,047 | $52.047 | ||
Before Tax Cash Flow: | $10,698 | $27,150 | |||
Principal Reduction: | $16,047 | $16,047 | |||
Return Before Taxes: | $26,745 | $43,197 |