All Forum Posts by: Anmmar Alsaggaf

Correction to Ad: 3 Units are 1B/1BA and 1 Unit is a 2B/1BA. 

Here is your opportunity to own a 4-Plex in FAST GROWING FRESNO, CA! 4-PLEX near airport with virtually no vacancy high demand rental area! Opportunity to raise rents if you wanted. Solid investment with 8% cap rate. 

Gross Rent = $28,800 per year

Expenses = $7,000 per year

NOI = $21,800

ALL CASH OFFERS to [email protected] (if you want additional info, pics and/or ROI analysis please send an email and I will reply with everything you need).

Video Link below:

@Mark Rocha there are a couple Meet Ups I would recommend. @Jay Orlauski  and @Jason Pritchard  can both be great resources and are actively networking, leading and speaking at meet ups. 

@Jay Orlauski Yes Cash Only Buyers. 

I also did not factor in appreciation. 

Thanks @Ryan Scott Isacksen . Good points. Owner put in about 20K a few years ago to address deferred maintenance issues. New roof was installed 5 years ago. This property shouldn't have any major ex for at least 5-7 years. 

Dear BP, I have a 4-Plex that grosses $28,880 per year ($2400 x 12) and all units are fully occupied. In order to calculate my overall cap I did the following (annual basis): 

Gross Income = $28,800

Less: Vacancy (5%) = $1,440 

Less: Taxes = $2,800

Less: Insurance = $1,200

Less: Maintenance (5%) = $1,440

Total Operating Expenses = $6,880

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Gross Income less Operating Expenses = Net Operating Income

NOI = $28,800 - $6,880 = $21,920

Cap Rate Overall = NOI / Sales Price ($21,920 / $280,000) = 0.078 or 7.8% Cap Rate

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Notes: Actual taxes are closer to $2,000 I changed it to $2,800 based on sales price which is closer to what it will be for the new owner. Vacancy is hard to measure I used 5% but would like to know what you all think. Insurance is based on actual current owner expense. Utilities are on tenants. Garbage is on owner currently but new owner can add garbage charge to tenants or raise rents by $40 each. 

Based on a 7.8% cap rate for a 4-Plex in Fresno, CA what do you all think?