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Updated over 10 years ago,

User Stats

93
Posts
13
Votes
Tou V.
  • Stockton, CA
13
Votes |
93
Posts

20 unit Apartment complex - $700k, good deal or not?

Tou V.
  • Stockton, CA
Posted

Looking at this decent 20 unit apartment complex.  Below are the current break down of income and expenses.  PM fees are also included in Total expenses.  Sales price is $700k.  Loan would be 25% down at 4.5% fixed for 7yrs.  Would this be a good investment?  The numbers have held steady for the past few years and should remain relatively the same.  

Rent Income:  $167,940 

Less: Vacancy/Deductions:  $16,794

Effective Gross Income: $151,146

Less: Expenses:  $81,727 

Net Operating Income: $69,419

Less: Debt service: $31,920

Total cash flow:  $37,499

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