Financials
Listing Price: | $4,320,000 | Building Sq. Ft: | 14,793 | Units | 24 |
---|---|---|---|---|---|
Down Payment: | $2,175,000 | Lot Square Ft: | 29,808 | Price/Unit: | $180,000 |
Loan Amount: | $2,145,000 | APN: | See Below | Age: | 1966 |
Current Rent GRM: | 13.82 | ProForma GRM: | 10.47 | Roof: | Flat |
Current Rent Cap: | 3.87% | ProForma Cap: | 5.99% | Price/Sq.Ft. | $292 |
Current: | ProForma: | ||||
Monthly Scheduled Rents: | $25,650.00 | $34,000.00 | |||
Scheduled Gross Annual Income | $307,800.00 | $408,000.00 | |||
Less: Vacancy Factor @ 3% | $9,234.00 | $12,240.00 | |||
Effective Gross Income: | $298,566.00 | $395,760.00 | |||
Plus: Laundry Income: | $4,726.00 | $393.83 | $4,726.00 | $393.83 | |
Plus: Parking and Storage: | $0.00 | $0.00 | |||
Total Annual Income: | $303,292.00 | $400,486.00 | |||
Less Expenses: | |||||
Property Taxes: | 1.103% | $48,255.94 | 15.91% | $48,255.94 | 12.05% |
Repairs and Maintenance: | $750 | $18,000.00 | 5.93% | $18,000.00 | 4.49% |
Off Site Management: | 6% | $17,913.96 | 5.91% | $23,745.60 | 5.93% |
Property Insurance: | $300 | $7,200.00 | 2.37% | $7,200.00 | 1.80% |
Garbage: | $983 | $11,797.92 | 3.89% | $11,797.92 | 2.95% |
Sewer: | $590 | $7.084.80 | 2.34% | $7.084.80 | 1.77% |
Water: | $10,080.00 | 3.32% | $10,080.00 | 2.52% | |
Gas and Electric: | $7,200.00 | 2.37% | $7,200.00 | 1.80% | |
Landscaping: | $450 | $5,400.00 | 1.78% | $5,400.00 | 1.35% |
Miscellaneous: | $3,000.00 | 0.99% | $3,000.00 | 0.75% | |
Total Expenses: | $5,664 | $135,932.62 | 44.82% | $141,764.26 | 35.40% |
Net Operating Income: | $167,359.38 | $258,721.74 | |||
Annual Debt Service:: | 5.00% | $139,535.33 | $139,535.33 | ||
Before Tax Cash Flow: | $27,824.05 | $119,186.41 | |||
Principal Reduction: | $32,285.33 | $32,285.33 | |||
Return Before Taxes: | $60,109.38 | $151,471.74 |