Financials
| Listing Price: | $3,250,000 | Building Sq. Ft: | 6,063 | Units | 12 |
|---|---|---|---|---|---|
| Down Payment: | $1,500,000 | Lot Square Ft: | 6,000 | Price/Unit: | $270,833 |
| Loan Amount: | $1,750,000 | APN: | 001-831-002 | Age: | 1982 |
| Current Rent GRM: | 15.54 | ProForma GRM: | 13.60 | Roof: | Asphalt Comp |
| Cap Rate: | 3.78% | ProForma Cap: | 4.62% | Price/Sq.Ft. | $536 |
| Current: | ProForma: | ||||
| Monthly Scheduled Rents: | $17,265 | $19,750 | |||
| Scheduled Gross Annual Income: | $207,174 | $237,000 | |||
| Less: Vacancy Factor @ 3% | $6,215 | $7,110 | |||
| Effective Gross Income: | $200,959 | $229,890 | |||
| Plus: Laundry Income: | $2,004 | $2,004 | |||
| Plus: Pet Rent: | $600 | $600 | |||
| Total Annual Income: | $203,563 | $232,494 | |||
| Less Expenses: | |||||
| Property Taxes: | 1.0% | $32,500 | 15.97% | $32,500 | 14.0% |
| Property Tax Bonds: | 0.0616% | $2,003 | 0.98% | $2,003 | 0.90% |
| Direct Charges: | $1,294 | 0.64% | $1,294 | 0.60% | |
| Repairs and Maintenance: | $600 | $7,200 | 3.54% | $7,200 | 3.1% |
| Off Site Management: | 5% | $10,048 | 4.94% | $11,495 | 4.90% |
| On Site Management: | None | ||||
| Property Insurance: | $5,275 | 2.59% | $5,275 | 2.30% | |
| Garbage: | $420 | $5,036 | 2.47% | $5,036 | 2.20% |
| Sewer: | $370 | $4,437 | 2.18% | $4,437 | 1.90% |
| Water: | $175 | $2,100 | 1.03% | $2,100 | 0.90% |
| PG&E: | $26 | $312 | 0.15% | $312 | 0.10% |
| Landscaping: | $230 | $2,760 | 1.36% | $2,760 | 1.20% |
| Pest Control: | $114 | $1,368 | 0.67% | $1,368 | 0.60% |
| Reserves: | $250 | $2,500 | 1.23% | $2,500 | 1.10% |
| Miscellaneous: | $2,500 | 1.23% | $2,500 | 1.10% | |
| Total Expenses: | $6,733 | $80,793 | 39.69% | $82,240 | 35.40% |
| Net Operating Income: | $122,770 | $150,254 | |||
| Annual Debt Service: | 3.50% | $95,150 | $95,150 | ||
| Before Tax Cash Flow: | $27,620 | $55,105 |
