Financials
| Listing Price: | $2,799,000 | Building Sq. Ft: | 9,456 | Units | 13 |
|---|---|---|---|---|---|
| Down Payment: | $900,000 | Lot Square Ft: | 21,015 | Price/Unit: | $215,308 |
| Loan Amount: | $1,899,000 | APN: | 253-091-070 | Age: | 1986 |
| Current Rent GRM: | 11.64 | Market GRM: | 9.91 | Roof: | Asphalt Comp |
| Cap Rate: | 5.11% | ProForma Cap: | 6.45% | Price/Sq.Ft. | $296 |
| Current: | ProForma: | Monthly Scheduled Rents: | $19,845 | $23,350 | |
| Scheduled Gross Annual Income: | $238,140 | $280,200 | |||
| Less: Vacancy Factor @ 3% | $7,144 | $8,406 | |||
| Effective Gross Income: | $230,996 | $271,794 | |||
| Plus: Laundry Income: | $15 | $2,340 | $2,340 | ||
| Total Annual Income: | $233,336 | $274,134 | |||
| Less Expenses: | |||||
| Property Taxes: | 1.08% | $30,836 | 13.22% | $30,836 | 11.25% |
| Direct Assessments: | $227 | $227 | |||
| Repairs and Maintenance: | $750 | $9,750 | 4.18% | $9,750 | 3.56% |
| Off Site Management: | 6% | $13,860 | 5.94% | $16,308 | 5.95% |
| On Site Management: | |||||
| Property Insurance: | $3,500 | 1.50% | $3,500 | 1.28% | |
| Garbage: | $1,131 | $13,572 | 5.82% | $13,572 | 4.95% |
| Sewer: | $345 | $4,134 | 1.77% | $4,134 | 1.51% |
| Water: | $334 | $4,008 | 1.72% | $4,008 | 1.46% |
| PG&E: | $292 | $3,504 | 1.50% | $3,504 | 1.28% |
| Landscaping: | $150 | $1,800 | 0.77% | $1,800 | 0.66% |
| Reserves: | $250 | $3,250 | 1.39% | $3,000 | 1.09% |
| Miscellaneous: | $2,000 | 0.86% | $3,000 | 1.09% | |
| Total Expenses: | $6,957 | $90,440 | 38.76% | $93,638 | 34.16% |
| Net Operating Income: | $142,896 | $180,496 | |||
| Annual Debt Service: | 3.75% | $106,510 | $106,510 | ||
| Before Tax Cash Flow: | $36,385 | $73,985 |
