Financials
| Listing Price: | $925,000 | Building Sq. Ft: | 2,390 | Units | 5 |
|---|---|---|---|---|---|
| Down Payment: | $350,000 | Lot Square Ft: | 5,940 | Price/Unit: | $185,000 |
| Loan Amount: | $575,000 | APN: | 002-911-003 | Age: | 1922 |
| Current Rent GRM: | 14.41 | Market GRM: | 11.05 | Roof: | Pitched |
| Cap Rate: | 4.03% | ProForma Cap: | 5.98% | Price/Sq.Ft. | $387 |
| Rent Roll: | Rents 2/1/2019: | Market: | |||
| #1 One Bedroom/One Bathroom | $1,450 | $1,550 | |||
| #2 One Bedroom/One Bathroom | $1,025 | $1,450 | |||
| #3 Studio | $950 | $1,450 | |||
| #4 Studio | $975 | $1,350 | |||
| #5 Studio | $950 | $1,350 | |||
| Monthly Scheduled Rents: | $5,350 | $6,975 | |||
| Scheduled Gross Annual Income: | $64,200 | $83,700 | |||
| Less: Vacancy Factor @ 3% | $1,926 | $2,511 | |||
| Plus: Laundry Income: | $121 | $121 | |||
| Effective Gross Income: | $63,726 | $82,641 | |||
| Less Expenses: | |||||
| Property Taxes: | 1.126% | $10,416 | 16.34% | $10,416 | 12.60% |
| Repairs and Maintenance: | $750 | $3,750 | 5.88% | $3,750 | 4.54% |
| Property Management: | 5% | $3,186 | 5.00% | $4,132 | 5.00% |
| Property Insurance: | $1,876 | 2.94% | $1,876 | 2.27% | |
| Garbage: | $1,680 | 2.64% | $1,680 | 2.03% | |
| Sewer: | $720 | 1.13% | $720 | 0.87% | |
| Water: | $2,160 | 3.39% | $2,160 | 2.61% | |
| Gas and Electric: | $360 | 0.56% | $360 | 0.44% | |
| Laundry Equipment: | $672 | 1.05% | $672 | 0.81% | |
| Landscaping: | $600 | 0.94% | $600 | 0.73% | |
| Miscellaneous: | $1,000 | 1.57% | $1,000 | 1.21% | |
| Total Expenses: | $5,283.96 | $26,420 | 41.46% | $27,366 | 33.11% |
| Net Operating Income: | $37,306 | $55,275 | |||
| Annual Debt Service: | 4.50% | $35,300 | $35,300 | ||
| Before Tax Cash Flow: | $2,006 | 0.57% | $19,975 | 5.71% | |
| Principal Reduction: | $9,425 | $9,425 | |||
| Return Before Taxes: | $11,431 | 3.27% | $29,400 | 8.40% |
