Need help interpreting financial information for multi family

[Jack B.]

This is what I see on listings on Redfin, apartment complex for just under 5 million

Net operating income, is that after expenses but before debt service? I used to know this stuff but forgot as I stopped looking at MF long ago.

Gross adjusted income? Adjusted by what?

What rent multiplier is a good rent multiplier?

The insurance expense must be monthly not annual, I pay 1/3 of that for a half million dollar house, let alone for a 5 million dollar apartment complex...

Multi-Family Financial Information

• Insurance Expense: $2,967
• Other Expense: $57,403
• Net Operating Income: $262,468
• Gross Adjusted Income: 377602
• Gross Scheduled Income: $397,476
• Total Monthly Income: 33123
• Gross Rent Multiplier: 12
• Total Expenses: 115134