Financials
| Listing Price: | $6,275,000 | Building Sq. Ft: | 14,656 | Units | 22 |
|---|---|---|---|---|---|
| Down Payment: | $3,100,000 | Lot Square Ft: | 21,933 | Price/Unit: | $285,227 |
| Loan Amount: | $3,175,000 | APN: | See Notes | Age: | 1929 & 1956 |
| Gross Rent Multiplier: | 14.09 | Proforma GRM: | 12.11 | Roof: | See Notes |
| Cap Rate: | 4.38% | Proforma Cap: | 5.40% | Price/Sq.Ft.: | $428 |
| Current: | Market: | ||||
| Monthly Scheduled Rents: | $37,113 | $42,900 | |||
| Scheduled Gross Annual Income | $445,353 | $514,800 | |||
| Less: Vacancy Factor @ 3% | $13,361 | $15,444 | |||
| Effective Gross Income: | $431,992 | $499,356 | |||
| Plus: Laundry Income: | $265.00 | $3,180 | $3,180 | ||
| Plus: Miscellaneous Income: | $500 | $500 | |||
| Total Annual Income: | $435,672 | $503,036 | |||
| Less Expenses: | |||||
| Property Taxes: | 1.0% | $62,750 | 14.40% | $62,750 | 12.47% |
| Property Tax Bonds: | 0.0111% | $697 | 0.16% | $697 | 0.14% |
| Direct Charges: | $512 | 0.12% | $1,293 | 0.26% | |
| Repairs and Maintenance: | $750 | $16,500 | 3.79% | $16,500 | 3.28% |
| Off Site Management: | 4% | $17,280 | 3.97% | $19,974 | 3.97% |
| One Site Management: | Three Parcels | $0 | 0.00% | $0 | 0.00% |
| Property Insurance: | $6,026 | 1.38% | $6,026 | 1.20% | |
| Garbage: | $1,046 | $12,552 | 2.88% | $12,552 | 2.50% |
| Sewer: | $1,240 | $14,880 | 3.42% | $14,880 | 2.96% |
| Water: | $208 | $2,496 | 0.57% | $2,496 | 0.50% |
| PG&E: | $859 | $10,308 | 2.37% | $10,308 | 2.05% |
| Landscaping: | $629 | $7,548 | 1.73% | $7,548 | 1.50% |
| Pest Control: | $226 | $2,712 | 0.62% | $2,712 | 0.54% |
| Laundry Equipment Rental: | $0 | $0 | |||
| Reserves: | $250 | $5,500 | 1.26% | $5,500 | 1.09% |
| Miscellaneous: | $1,000 | 0.23% | $1,000 | 0.20% | |
| Total Expenses: | $7,307 | $160,760 | 36.90% | $164,236 | 32.65% |
| Net Operating Income: | $274,912 | $338,800 | |||
| Annual Debt Service: | 6.00% | $230,660 | $230,660 | ||
| Before Tax Cash Flow: | $44,252 | $108,140 | |||
