Financials
| Listing Price: | $1,499,000 | Building Sq. Ft: | 3,660 | Units | 8 |
|---|---|---|---|---|---|
| Down Payment: | $650,000 | Lot Square Ft: | 28,957 | Price/Unit: | $187,375 |
| Loan Amount: | $849,000 | APN: | 002-382-009 | Age: | 1928 |
| Current Rent GRM: | 9.88 | ProForma GRM: | 8.92 | Roof: | Pitched |
| Cap Rate: | 6.14% | ProForma Cap: | 7.11% | Price/Sq.Ft. | $410 |
| Current: | ProForma: | ||||
| Monthly Scheduled Rents: | $12,638 | $14,000 | |||
| Scheduled Gross Annual Income: | $151,656 | $168,000 | |||
| Less: Vacancy Factor @ 3% | $7,583 | $8,400 | |||
| Effective Gross Income: | $144,073 | $159,600 | |||
| Plus: Laundry Income: | $0 | $0 | |||
| Total Annual Income: | $144,073 | $159,600 | |||
| Less Expenses: | |||||
| Property Taxes: | 1.122% | $16,819 | 11.67% | $16,819 | 10.54% |
| Direct Charges: | $250 | 0.17% | $250 | 0.16% | |
| Repairs and Maintenance: | $1,250 | $10,000 | 6.94% | $10,000 | 6.27% |
| Off Site Management: | 6.0% | $8,644 | 6.00% | $9,576 | 6.00% |
| Property Insurance: | $1,932 | 1.34% | $1,932 | 1.21% | |
| Garbage: | $58 | $696 | 0.48% | $696 | 0.44% |
| Sewer: | $348 | $4,171 | 2.90% | $4,171 | 2.61% |
| Water: | $148 | $1,776 | 1.23% | $1,776 | 1.11% |
| PG&E: | $0 | 0.00% | $0 | 0.00% | |
| Landscaping: | $125 | $1,500 | 1.04% | $1,500 | 0.94% |
| Reserves: | $250 | $2,000 | 1.39% | $2,000 | 1.25% |
| Miscellaneous: | $4,300 | 2.98% | $4,300 | 2.69% | |
| Total Expenses: | $6,511 | $52,088 | 36.15% | $53,020 | 33.22% |
| Net Operating Income: | $91,985 | $106,580 | |||
| Annual Debt Service: | 6.00% | $61,679 | $61,679 | ||
| Before Tax Cash Flow: | $30,306 | $44,901 |
