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Updated over 7 years ago,

User Stats

33
Posts
5
Votes
Katie Johnson
  • Residential Real Estate Broker
  • Morris Heights, NY
5
Votes |
33
Posts

5.4% CAP on an investment property in LA....NEED INVESTORS

Katie Johnson
  • Residential Real Estate Broker
  • Morris Heights, NY
Posted

Here are some of the financials for the property - My company wants to acquire this property but we need investors to solidify capital (DP/LOAN), how can I put a deal together, something that works for both the investors and our company? 

Any advice? - NOI =$244,726 annual/12 = $20,393.33 per month

Summary Current Rents

Price $4,500,000) 16 units

Down Payment 26% or $1,170,000)

Current CAP5.4%

Year Built / Age 2016

Approx. Lot Size 8,893

Approx. Bldg SF11,790

Annualized Operating Data

Scheduled Gross Income $367,656)

Vacancy Rate Reserve ($11,030) 3.0%

Gross Operating Income $356,626)

Expenses ($111,900)-30.4%

Net Operating Income $244,726)