Financials
Listing Price: | $1,325,000 | Building Sq. Ft: | 2,100 | Units | 3 |
---|---|---|---|---|---|
Down Payment: | $356,000 | Lot Square Ft: | 3,999 | Price/Unit: | $441,667 |
Loan Amount: | $969,000 | APN: | 001-568-011 | Age: | 1944 |
Gross Rent Multiplier: | 17.794 | Market GRM: | 15.34 | Roof: | Comp |
Cap Rate: | 3.98% | Market Cap: | 4.34% | ||
Rent Roll: | Current: | Market: | |||
Unit A Two Bed / One Bath | $3,000 | $3,200 | |||
Unit B One Bed / One Bath | $1,400 | $2,000 | |||
Unit C One Bed / One Bath | $2,000 | $2,000 | |||
Monthly Scheduled Rents: | $6,400 | $7,200 | |||
Scheduled Gross Annual Income | $76,800 | $86,400 | |||
Less: Vacancy Factor @ 3% | $2,304 | $2,592 | |||
Effective Gross Income: | $74,496 | $83,808 | |||
Less Expenses: | |||||
Property Taxes: | $10,800 | 14.50% | $15,390 | 18.36% | |
Repairs and Maintenance: | $750 | $2,250 | 3.02% | $2,250 | 2.68% |
Property Insurance: | $3,098 | 4.16% | $3,098 | 3.70% | |
Garbage: | $32 | $384 | 0.52% | $384 | 0.46% |
Sewer: | $161 | $1,932 | 2.60% | $1,932 | 2.31% |
Water: | $80 | $960 | 1.30% | $960 | 1.15% |
PG&E: | $0 | $0 | 0% | $0 | 0% |
Landscaping: | $1,800 | 2.42% | $1,800 | 2.15% | |
Miscellaneous: | $500 | 0.67% | $500 | 0.60% | |
Total Expenses: | $7,241 | $21,724 | 29.16% | $26,314 | 31.40% |
Net Operating Income: | $52,772 | $57,494 | |||