23 Unit Deal

[Dane Fossee]

Hello All, 

Please help me poke holes in these numbers (owner provided for the most part). C Building in a B area. Unsure about deferred maintenance at this time.

Thank you!

Unit Type/ Rent /# of units

2 BDR $750.00  (16)

1 BDR $670.00 (4)

Studio $500.00 (3)

Monthly $16,180.00

Annual $194,160.00

Vacancy (10%) $19,416.00

Effective $174,744.00

Expenses

Gas $3,600.00

Electric $1,500.00

Taxes $30,000.00

Insurance $10,000.00

Maintenance ($500/door) $11,500.00

Cap Ex ($250/door) $5,750.00

Management (6%) $11,649.60

Landscaping $5,000.00

Accounting/Legal $1,500.00

Total Expenses $80,499.60

NOI $94,244.40