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Updated over 9 years ago,
Cashflow statements on performing properties
I am looking to start the search next year for my first multi-family property, and wanted to look at cashflow statements of those already running performing multi-family properties.
- What am I missing for fixed expenses?
- What am I missing for variable expenses?
- What do you estimate for monthly maintenance?
- What do you estimate for monthly vacancy?
My cashflow statement shows something like this:
INCOME
- Unit #1 - $800
- Unit #2 - $800
- Unit #3 - $800
- Unit #4 - $800
TOTAL INCOME: $3,200
EXPENSES
Reoccurring Expenses
- PI: -$922
- Taxes: -$760
- Insurance: -$125
- Property Management Fee: -$320
Total Reoccurring Expenses: -$2,128
Variable Expenses
- Property Maintenance: $0
- Vacancy: $0
Total Variable Expenses: $0
TOTAL EXPENSES: -$2,128
CASHFLOW: $1,072
Thanks in advance!