Financials
| Listing Price: | $7,900,000 | Building Sq. Ft: | 29,086 | Units | 35 |
|---|---|---|---|---|---|
| Down Payment: | $3,200,000 | Lot Square Ft: | 51,646 | Price/Unit: | $225,714 |
| Loan Amount: | $4,700,000 | APN: | 004-321-036 | Age: | 1978 |
| Current Rent GRM: | 10.25 | ProForma GRM: | 9.22 | Roof: | Flat |
| Cap Rate: | 5.18% | ProForma Cap: | 6.16% | Price/Sq.Ft. | $272 |
| Current: | ProForma: | ||||
| Monthly Scheduled Rents: | $63,035 | $70,200 | |||
| Scheduled Gross Annual Income: | $756,420 | $842,400 | |||
| Less: Vacancy Factor @ 3% | $22,693 | $25,272 | |||
| Effective Gross Income: | $733,727 | $817,128 | |||
| Plus: Laundry Income: | $14,500 | $14,500 | |||
| Plus: Other Income: | |||||
| Total Annual Income: | $748,227 | $831,628 | |||
| Less Expenses: | |||||
| Property Taxes: | 1.22% | $96,222 | 12.86% | $96,222 | 11.6% |
| Direct Charges: | $740 | 0.10% | $740 | 0.1% | |
| Repairs and Maintenance: | $1,795 | $62,825 | 8.40% | $62,825 | 7.6% |
| Off Site Management: | 7% | $51,351 | 6.86% | $57,199 | 6.9% |
| On Site Management: | $1,600 | $19,200 | 2.57% | $19,200 | 2.3% |
| Property Insurance: | $8,954 | 1.20% | $8,954 | 1.1% | |
| Garbage: | $2,144 | $25,728 | 3.44% | $25,728 | 3.1% |
| Sewer: | $1,390 | $16,680 | 2.23% | $16,680 | 2.0% |
| Water: | $1,139 | $13,668 | 1.83% | $13,668 | 1.6% |
| PG&E: | $2,204 | $26,448 | 3.53% | $26,448 | 3.2% |
| Landscaping: | $300 | $3,600 | 0.48% | $3,600 | 0.4% |
| Pest Control: | $195 | $2,340 | 0.31% | $2,340 | 0.3% |
| Reserves: | $250 | $8,750 | 1.17% | $8,750 | 1.1% |
| Miscellaneous: | $2,500 | 0.33% | $2,500 | 0.3% | |
| Total Expenses: | $9,686 | $339,015 | 45.31% | $344,854 | 41.5% |
| Net Operating Income: | $409,212 | $486,774 | |||
| Annual Debt Service: | 6.00% | $341,450 | $341,450 | ||
| Before Tax Cash Flow: | $67,762 | 2.12% | $145,325 | 4.5% |
