Financials
Listing Price: | $2,699,000 | Building Sq. Ft: | 6,296 | Units | 8 |
---|---|---|---|---|---|
Down Payment: | $1,329,000 | Lot Square Ft: | 7,500 | Price/Unit: | $337,375 |
Loan Amount: | $1,370,000 | APN: | 001-193-010 | Age: | 1962 |
Current Rent GRM: | 16.23 | ProForma GRM: | 12.38 | Roof: | Pitched |
Current Cap Rate: | 3.44% | ProForma Cap: | 5.17% | Price/Sq.Ft. | $429 |
Current: | ProForma: | ||||
Monthly Scheduled Rents: | $13,840 | $18,150 | |||
Scheduled Gross Annual Income: | $166,080 | $217,800 | |||
Less: Vacancy Factor @ 3% | $4,982 | $6,534 | |||
Effective Gross Income: | $161,098 | $211,266 | |||
Plus: Laundry Income: | Estimated | $200 | $200 | ||
Total Annual Income | $163,498 | $213,666 | |||
Less Expenses: | |||||
Property Taxes: | 1.121% | $30,256 | 18.51% | $30,256 | 14.16% |
Repairs and Maintenance: | $750 | $6,000 | 3.67% | $6,000 | 2.81% |
Off Site Management: | 5% | $8,055 | 4.93% | $10,563 | 4.94% |
On Site Management: | $0 | $0 | |||
Property Insurance: | $3,805 | 2.33% | $3,805 | 1.78% | |
Garbage: | $181 | $2,167 | 1.33% | $2,167 | 1.01% |
Sewer: | $269 | $3,231 | 1.98% | $3,231 | 1.51% |
Water: | $647 | $7,764 | 4.75% | $7,764 | 3.63% |
PG&E: | $392 | $4,704 | 2.88% | $4,704 | 2.20% |
Landscaping: | $100 | $1,200 | 0.73% | $1,200 | 0.56% |
Reserves: | $250 | $2,000 | 1.22% | $3,000 | 1.40% |
Miscellaneous: | $1,500 | 0.92% | $1,500 | 0.70% | |
Total Expenses: | $8,835 | $70,682 | 43.23% | $74,190 | 34.72% |
Net Operating Income: | $92,816 | $139,476 | |||
Annual Debt Service: | 3.38% | $74,879 | $73,327 | ||
Before Tax Cash Flow: | $19,489 | $66,149 |