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Updated almost 5 years ago on . Most recent reply
Apartment Complex Information
What is the average apartment complex size to produce 20k cashflow? Per month. It's a vague question I suppose but I could get some idea from experienced apartment complex owners I would be grateful.
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Todd Dexheimer
#2 Multi-Family and Apartment Investing Contributor
#2 Multi-Family and Apartment Investing Contributor
- Rental Property Investor
- St. Paul, MN
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Todd Dexheimer#2 Multi-Family and Apartment Investing Contributor
#2 Multi-Family and Apartment Investing Contributor
- Rental Property Investor
- St. Paul, MN
Pure cash flow after a mortgage payment at 25% down, is going to be in the 150-250 unit range.
Let's do the math:
Purchase of $16 million
Loan: $12,000,000 @ 25% down, 30 year, 4% interest
Loan payment: $694k/year
Cashflow needed: $240k/year
NOI: 934k
An NOI at $934k outs us at a purchase price of roughly $16mm near a 6 cap. At $100,000/unit you can buy a 160 unit property.