Multifamily Underwriting Help

[Zach Pendry]

I currently have a small portfolio of single family houses but am looking to expand into multifamily. An opportunity has come up to purchase a 16 unit apartment. With this being my first apartment deal I am more unsure about underwriting this type of deal and was hoping to get somebody who is more experience in multifamily to look at the proforma, T12 profit and loss, and rent roll to tell me if I'm missing something or to let me know of things that I should be looking out for.

[Scott Albritton]

Looks like you removed CapEx in Proforma and increased repairs/maintenance by only $3,500? Any reason to not account for a larger CapEx?

Landscaping and Pest control seem cheap to me, but not knowing location, there's no way to actually know. 

What is current ask price? NOI/Purchase price = CAP rate (what's typical in the area for similar building types/unit mixes

Can the area demographics support the rental increases?