making sure i calculated corrclty.

[Eugene Krylov]

hey BP, I just wanted to run some numbers by you to see if I'm making any mistakes. I raised the expenses just to cover myself for the unpredictable.

purchase price is 1,525,000.00 with 32 units, 12 of them rent out for $524 and the rest for $600.

Monthly I'm looking at $6,288 for the 12 units and $12,000 for 20 units and annually $75,456 for 12 units and $144,000 for 20 units. so the GSI is $219,456.

now they said its a 3.1% vacancy but that's bull lol so I calculated 5% and 7% vacancy

$219,456 x 5% = $10,972.80 then $219,456-$10,972.80 = $208,095(GOI)

$219,456 x 7% = $15,361.92 then $219,456-$15,361= $204,095(GOI)

I just went with the 7% vacancy just to make sure I can survive with a 7% vacancy.

expenses:

                                                                   monthly  annually

utilities(house electric, full water/sewer) = $3,500   $42,000

maintenance/repairs =                                $800     $9,600

property taxes =                                         $1800    $21,600

insurance =                                                 $1500   $18,000

trash =                                                          $700     $8,400

management =                                            $1,400   $16,800

monthly expenses is $9,700

annual expenses is $116,400

I then took GOI of $204,095 minus $116,400 is $87,695(noi) I also divided that by 12 to see my monthly cash flow which was only $7,307

I'm loosing about 2k each month

hopefully I'm right in my calculations please let me know if I am wrong lol

Best regards, Eugene.