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Updated over 17 years ago on . Most recent reply

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73
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Willis Seng
  • Dallas, TX
0
Votes |
73
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Need Help, Commercial Property Analysis

Willis Seng
  • Dallas, TX
Posted

Hi, I need help analyzing this shopping center.

5 unit Shopping strip

Agreement price: $1,100,000 (negociated and agreed upon)
Down payment 20%: $220,000
880,000 30yr @ 7%: $5,854.66/mo

5967 sq. feet

Operating Expense: 1243.11/mo
Property Tax: 1754.56/mo
Other Expense: 183.02/mo
Total: 3180.69/mo

Gross Rent: 11,309.73/mo
Property mgmt: 3%

Net Operating Income: $94,622/yr

Income statement provided by property management company.
Does a property management company provide accurate income statements?

Anyways, what do you guys think about this deal?

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