6 Unit - Deal Analysis

[Kyle Cabral]

Hi All,

I'm in preliminary talks to pick up a 6 unit with 15% carry back option with another 5% down from another investor, leaving me with 5% skin in the game. I was hoping if some people on BP would take a look at the following two analyst spreadsheets I used and let me know if they have any red flags.

Assumptions

1. Tenants pay utility, electricity allowance for common areas
2. Gas, allowance their for padding. Requiring tenants to pay utilities
3. 10% prop management, 5% maintenance, 5% capex, 5% vacancy

Plan is to refinance into one loan within 2 years and pay off secondary liens.

On second spreadsheet, just focus on additional mortgage scenarios and right hand column.

Thanks to everyone in advance for taking a peak.

Spreadsheet 1

Spreadsheet 2

Kyle