Financials
Listing Price: | $925,000 | Building Sq. Ft: | 2,908 | Units | 3 |
---|---|---|---|---|---|
Down Payment: | $700,000 | Lot Square Ft: | 46,609 | Price/Unit: | $170,455 |
Loan Amount: | $620,000 | APN: | 253-133-007 | Age: | 1979 |
Current Rent GRM: | 18.81 | Market GRM: | 13.12 | Roof: | Comp |
Cap Rate: | 2.99% | Market Cap: | 4.96% | ||
Current: | ProForma: | Unit One: | $1,500 | $1,975 | Unit Two: | $1,375 | $1,950 | Unit Three: | $1,350 | $1,950 | Monthly Scheduled Rents: | $4,225 | $5,875 |
Scheduled Gross Annual Income: | $50,700 | $70,500 | |||
Less: Vacancy Factor @ 3% | $1,521 | $2,115 | |||
Effective Gross Income: | $49,179 | $68,385 | |||
Less Expenses: | |||||
Property Taxes: | 1.09% | $10,083 | 20.50% | $10,083 | 14.74% |
Repairs and Maintenance: | $750 | $2,250 | 4.58% | $2,250 | 3.29% |
Property Insurance: | $1,052 | 2.14% | $1,052 | 1.54% | |
Garbage: | $120 | $1,445 | 2.94% | $1,445 | 2.11% |
Property Management: | 5% | $2,459 | 5.0% | $3,419 | 5.0% |
Sewer: | $124 | $1,485 | 3.0% | $1,485 | 2.17% |
Water: | $180 | $2,160 | 4.4% | $2,160 | 3.16% |
PG&E: | $0 | 0 | $0 | 0 | |
Landscaping: | $500 | 1.02% | $500 | 0.73% | |
Miscellaneous: | $100 | 0.20% | $100 | 0.15% | |
Total Expenses: | $7,178 | $21,533 | 43.79% | $22,494 | 32.89% |
Net Operating Income: | $27,646 | $45,891 | |||
Annual Debt Service: | 4.00% | $35,855 | $35,855 | ||
Before Tax Cash Flow: | -$8,209 | -2.69% | $10,037 | 3.29% |