207 Unit Apartment Building Deal

[N/A N/A]

Hello everyone,
I have an apartment building deal that I would like some assistance structuring the 5% downpayment. This multi family property has a great cash flow and it is currently 97% occupied. But, I'll let you be the judge of that. Review the info I've provided and let me know what you think. I have photo's and market study available upon request. I am an investor simply looking for assistance with capital. Any private lender/investor that would accomodate me with this is looking at a 200k extra in repayment or possible split earnings :idea:. Hope you're having a great day and I look forward to working with you.

Regards,

Email: [email protected]

* PLEASE SERIOUS INQUIRYS ONLY*

Investment Information

Listing Price $10,350,000
Actual CAP 9.67 %
Actual GRM 6.81
Pro Forma CAP 10.50 %
Pro Forma GRM 6.64
Price Per S.F. $161
Price Per Unit $50,000
Expenses Per S.F. $8
Total Units 207
Building S.F. 64,219
No. of Buildings 23
Land Acres 7.85

Loan Description:

Estimated Annualized Operating Data Actual Pro Forma

Scheduled Income $1,507,923 $1,547,923
Other Income $11,368 $11,368

Less Vacancy
Gross Operating Income $1,519,291 $1,559,291
Less Expenses $518,179 $472,297
Net Operating Income $1,001,112 $1,086,994
Less Loan Payment
Pre-Tax Cash Flow $1,001,112 $1,086,994
Cash on Cash Return 9.67 % 10.50 %

Scheduled Gross Income

Unit Est. S.F. Rent Income Market Rent Income
Total Annual Scheduled Income

Estimated Annualized Expenses Highlights

Actual Pro Forma
Total Expenses $518,179 $472,297
Expenses Per S.F. $8.07 $7.35
Long term Government backed agency leases

High demand rental type

3 to 5 year leases on 50% of the complex

Excellent cash flow

Estimated Expense Summary Actual Pro Forma

Projected Taxes $72,490 $72,490
Insurance $12,131 $12,131
On-Site Management
$30,000 $30,000
Trash
$5,131 $5,131
Cable
$1,708 $1,708
Maintenance
$33,402 $23,270
Repairs
$15,201 $6,090
Advertising
$6,809 $4,074
Legal / Professional
$7,483 $2,658
Administration
$8,317 $8,317
Permits/ Licenses
$1,104 $1,104
Telephone
$18,294 $18,294
Payroll / Benefits
$112,943 $105,250
Security
$17,780 $17,780
Miscellaneous
$19,896 $19,896
Utilities $143,030 $136,000
Workmen's Comp $5,388 $5,388
Auto Expenses $2,000 $2,000
Pest Control $716 $716
Furniture $4,356
Totals $518,179 $472,297