Financials
Listing Price: | $999,000 | Building Sq. Ft: | 3,525 | Units | 7 |
---|---|---|---|---|---|
Down Payment: | $400,000 | Lot Square Ft: | 10,000 | Price/Unit: | $142,714 |
Loan Amount: | $599,000 | APN: | 004-074-009 | Age: | 1936 |
Current Rent GRM: | 14.41 | Market GRM: | 10.67 | Roof: | Pitched |
Cap Rate: | 5.75% | Market Cap: | 6.75% | Price/Sq.Ft. | $283 |
Rent Roll: | Sq.Ft. | Rents 1/1/2019: | Market: | ||
2 Bedroom / 1 Bath House | 649 | $1,250 | $1,550 | ||
Studio | 322 | $750 | $900 | ||
One Bedroom / One Bath | 472 | $950 | $1,200 | ||
One Bedroom / One Bath | 472 | $950 | $1,200 | ||
One Bedroom / One Bath | 472 | $950 | $1,200 | ||
One Bedroom / One Bath | 472 | $950 | $1,200 | ||
One Bedroom / One Bath | 666 | $2,000 | $1,450 | ||
Monthly Scheduled Rents: | $7,800 | $8,700 | |||
Scheduled Gross Annual Income | $93,600 | $104,400 | |||
Less: Vacancy Factor @ 3% | $2,808 | $3,132 | |||
Additional Income Laundry: | $186 | $186 | |||
Effective Gross Income: | $93,024 | $103,500 | |||
Less Expenses: | |||||
Property Taxes: | 1.126% | $11,249 | 12.09% | $11,249 | 10.87% |
Repairs and Maintenance: | $750 | $5,250 | 5.64% | $5,250 | 5.07% |
Property Management: | 5% | $4,651 | 5.00% | $5,175 | 5.00% |
Property Insurance: | $1,981 | 2.13% | $1,981 | 1.91% | |
Garbage: | $3,300 | 3.55% | $3,300 | 3.19% | |
Sewer: | $990 | 1.06% | $990 | 0.96% | |
Water: | $4,000 | 4.30% | $4,000 | 3.86% | |
Gas and Electric: | $1,300 | 1.40% | $1,300 | 1.26% | |
Laundry Equipment: | $1,268 | 1.36% | $1,268 | 1.23% | |
Landscaping: | $600 | 0.94% | $600 | 0.58% | |
Miscellaneous: | $1,000 | 1.07% | $1,000 | 0.97% | |
Total Expenses: | $5,084 | $35,589 | 38.26% | $36,113 | 34.89% |
Net Operating Income: | $57,435 | $67,387 | |||
Annual Debt Service:: | 5.00% | $38,966 | $38,966 | ||
Before Tax Cash Flow: | $18,469 | 4.62% | $28,421 | 7.11% | |
Principal Reduction: | $9,016 | $9,016 | |||
Return Before Taxes: | $27,485 | 6.87% | $37,437 | 9.36% |