Multifamily Investment

[Ravindra Mantena]

I am looking for some help to evaluate this investment.

• one 3 story building with 24 units
• Built in 2008
• Landlord pays only water/Trash removal.
• 100% occupied

Financials.

• Sale price - 1.3 million
• Tax assessment value - 1.26 milion
• Price for Unit 55k
• Gross revenue 185K
• Expenses 76K
• NOI - 109K
• Cap rate 8.29%

Debt service - I also want to apply for commercial load ( 25% down)

Monthly payment for 1 million loan is about 5k ( Rate -4.12 , 5 year term, 30 year amortization).

Thank you for your help.

Raju Mantena