Financials
| Listing Price: | $989,000 | Building Sq. Ft: | 3,829 | Units | 5 |
|---|---|---|---|---|---|
| Down Payment: | $450,000 | Lot Square Ft: | 6,500 | Price/Unit: | $197,800 |
| Loan Amount: | $539,000 | APN: | 002-221-005 | Age: | 1985 |
| Gross Rent Multiplier: | 16.32 | Market GRM: | 10.24 | Roof: | Pitched |
| Cap Rate: | 3.32% | Market Cap: | 6.95% | ||
| Rent Roll: | Current: | Market: | |||
| Two Bedroom / One Bath | $975 | $1,600 | |||
| Two Bedroom / One Bath | $1,000 | $1,600 | |||
| Two Bedroom / One Bath | $975 | $1,600 | |||
| Two Bedroom / One Bath | $975 | $1,600 | |||
| Two Bedroom / 1.5 Bath | $1,125 | $1,650 | |||
| Monthly Scheduled Rents: | $5,050 | $8,050 | |||
| Scheduled Gross Annual Income | $60,600 | $96,600 | |||
| Less: Vacancy Factor @ 3% | $1,181 | $2,898 | |||
| Additional Income Laundry: | $900 | ||||
| Effective Gross Income: | $58,782 | $94,602 | |||
| Less Expenses: | |||||
| Property Taxes: | 1.149% | $11,561 | 19.67% | $11,561 | 12.22% |
| Repairs and Maintenance: | $700 | $3,500 | 5.95% | $3,500 | 3.70% |
| Property Insurance: | $2,400 | 4.08% | $2,400 | 2.54% | |
| Garbage: | $2,772 | 4.72% | $2,772 | 2.93% | |
| Sewer: | $1,476 | 2.51% | $1,476 | 1.56% | |
| Water: | $2,424 | 4.12% | $2,424 | 2.56% | |
| Gas and Electric: | $180 | 0.31% | $180 | 0.19% | |
| Landscaping: | $600 | 1.02% | $600 | 0.63% | |
| Miscellaneous: | $1,000 | 1.70% | $1,000 | 1.06% | |
| Total Expenses: | $5,183 | $25,913 | 44.08% | $25,913 | 27.39% |
| Net Operating Income: | $32,869 | $68,689 | |||
| Annual Debt Service:: | 4.75% | $34,070 | $34,070 | ||
| Before Tax Cash Flow: | -$1,201 | -0.27% | $34,619 | 7.69% | |
| Principal Reduction: | $8,467 | $8,467 | |||
| Return Before Taxes: | $7,267 | 1.61% | $43,087 | 9.57% |
