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Updated over 13 years ago on . Most recent reply

User Stats

22
Posts
1
Votes
Justin Paul
  • Investor
  • Poway, CA
1
Votes |
22
Posts

Whats your opinon on this...deal or no deal?

Justin Paul
  • Investor
  • Poway, CA
Posted

Asking Price:$760,000

Actual
Scheduled Gross Income$140,704
Operating Expenses$63,773
Net Operating Income$76,931
Pre-Tax Cash Flow$44,197

No. Units:24
Building Size:17,800 SF
Price/Unit:$31,666.67
Property Type:MultifamilyProperty
Sub-type:Garden/Low-Rise
Property Use Type:Investment
Cap Rate:10.12%
Gross Rent Multiplier:4.86
Occupancy:100%
No. Stories:2
Lot Size:0.70 AC

Description No. Units Avg. Mo. Rent
1Bdr/1Bath 9 $487
2Bdr/2Bath 12 $588
3Bdr/2Bath 2 $640
2Bdr/2 Bath (Large) 1 $610

Debt Type Proposed
Loan Amount$494,000
Interest Rate5.25%
Amortized Over30
Annual Debt Service$32,735

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