Financials
| Listing Price: | $2,280,000 | Building Sq. Ft: | 7,840 | Units | 12 |
|---|---|---|---|---|---|
| Down Payment: | $750,000 | Lot Square Ft: | 12,197 | Price/Unit: | $190,000 |
| Loan Amount: | $1,530,000 | APN: | 011-024-026 | Age: | 1977 |
| Current Rent GRM: | 11.78 | Market GRM: | 10.92 | Roof: | Asphalt Comp |
| Cap Rate: | 5.08% | ProForma Cap: | 5.48% | Price/Sq.Ft. | $291 |
| Current: | ProForma: | Monthly Scheduled Rents: | $16,130 | $17,400 | |
| Scheduled Gross Annual Income: | $193,560 | $208,800 | |||
| Less: Vacancy Factor @ 3% | $5,807 | $6,264 | |||
| Effective Gross Income: | $187,753 | $202,536 | |||
| Plus: Laundry Income: | |||||
| Total Annual Income: | $187,753 | $202,536 | |||
| Less Expenses: | |||||
| Property Taxes: | 1.18% | $26,904 | 14.33% | $26,904 | 13.28% |
| Direct Assessments: | $534 | $534 | |||
| Repairs and Maintenance: | $750 | $9,000 | 4.79% | $9,000 | 4.44% |
| Off Site Management: | 6% | $11,265 | 6.00% | $12,152 | 6.00% |
| Property Insurance: | $3,395 | 1.81% | $8,049 | 3.97% | |
| Garbage: | $435 | $5,220 | 2.78% | $5,220 | 2.58% |
| Sewer: | $368 | $4,414 | 2.35% | $4,414 | 2.18% |
| Water: | $260 | $3,120 | 1.66% | $3,120 | 1.54% |
| PG&E: | $28 | $336 | 0.18% | $336 | 0.17% |
| Landscaping: | $150 | $1,800 | 0.96% | $1,800 | 0.89% |
| Reserves: | $250 | $3,000 | 1.60% | $3,000 | 1.48% |
| Miscellaneous: | $3,000 | 1.60% | $3,000 | 1.48% | |
| Total Expenses: | $5,999 | $71,988 | 38.34% | $77,529 | 38.28% |
| Net Operating Income: | $115,765 | $125,007 | |||
| Annual Debt Service: | 3.85% | $86,876 | $86,876 | ||
| Before Tax Cash Flow: | $28,890 | $38,132 |
