Mike G.
[Calc Review] Help me analyze this deal
14 April 2018 | 9 replies
@Jeffrey H. ok so here is the numbers from the OM that the broker furnished to me: ESTIMATED LENDER ACQUISITION COST:List price: $1,175,000 ( @ 28 units = $41,964 per site)Buyer requesting Down Payment of 30% = $352,500Projected Lender Financing: $792,500 @ 5% FIXED 30 year AMORT with a 10 year DUEINCOME, EXPENSES & CASH FLOW:Actual 2016 Gross: $212,752Actual 2016 Expenses: $95,915 (45%)Actual 2016 NOI: $116,837Projected Lender Debt Service: $57,494Projected Net Cash Flow: $59,343FINANCIAL INDICATORS:Cap Rate: 9.16%Projected Total Cash Return: 18.96%PROPERTY DETAILS:All age park28 Homesites# of Park Owned Homes: 28 (100%)Occupancy: 100%Utility Reimbursements: NO2016 INCOME AND EXPENSE ANALYSIS:Total Net Rent: $212,752Total Operating Income: 212,752Real Estate Taxes: 4,054Property Insurance: 5,524Utilities ( all lumped into one total, broker and/or seller did not offer it broken down individually ..yet): 30,658 Payroll & Benefits: 26,225Maintenance & Repairs: 2,058Administrative/ Office: $26,668Advertising & Promotion: 728Total Operating Expenses (45%): $95,915--------------------------------------------------------------------------------------Net Operating Income: $116,837The screen shot copy of the rent roll excel sheet i am waiting on further explanation from broker in order to determine how to interpret all the acronyms that the seller put in it so i can begin to figure out the rent roll for that month.
Mike G.
Rental Calculator- Help me analyze this MHP deal
14 April 2018 | 14 replies
@Kurt Jonesok so here is the numbers from the OM that the broker furnished to me: ESTIMATED LENDER ACQUISITION COST:List price: $1,175,000 ( @ 28 units = $41,964 per site)Buyer requesting Down Payment of 30% = $352,500Projected Lender Financing: $792,500 @ 5% FIXED 30 year AMORT with a 10 year DUEINCOME, EXPENSES & CASH FLOW:Actual 2016 Gross: $212,752Actual 2016 Expenses: $95,915 (45%)Actual 2016 NOI: $116,837Projected Lender Debt Service: $57,494Projected Net Cash Flow: $59,343FINANCIAL INDICATORS:Cap Rate: 9.16%Projected Total Cash Return: 18.96%PROPERTY DETAILS:All age park28 Homesites# of Park Owned Homes: 28 (100%)Occupancy: 100%Utility Reimbursements: NO2016 INCOME AND EXPENSE ANALYSIS:Total Net Rent: $212,752Total Operating Income: 212,752Real Estate Taxes: 4,054Property Insurance: 5,524Utilities ( all lumped into one total, broker and/or seller did not offer it broken down individually ..yet): 30,658 Payroll & Benefits: 26,225Maintenance & Repairs: 2,058Administrative/ Office: $26,668Advertising & Promotion: 728Total Operating Expenses (45%): $95,915--------------------------------------------------------------------------------------Net Operating Income: $116,837The screen shot copy of the rent roll excel sheet i am waiting on further explanation from broker in order to determine how to interpret all the acronyms that the seller put in it so i can begin to figure out the rent roll for that month.
Daniel Winschel
How to estimate and begin construction?
13 April 2018 | 14 replies
How would you think a software service that caters solely to the project management of a flip/rehab would work for you?
Mary Beth Lawrence
Huntsville inspection and property mgmt recommendations
11 April 2018 | 0 replies
I am looking for recommendations for home inspection services and property mgmt service in Huntsville area.
Cramer Guzaldo
What Multi-Family systems do you have in place
11 April 2018 | 2 replies
This is the part that may help with reduce the nuisance calls that don’t really lead to a service call.
Selena Walsh
Outsourcing Guest Communication
11 April 2018 | 2 replies
., so I'm not interested in services like Evolve or Guesty).
Ryshawn Cousar
Business Account For LLC
18 April 2018 | 5 replies
They have great customer service and their online banking is extremely convenient.
Quincy Miranda
Wholesale Foreclosure with no equity
22 April 2019 | 13 replies
Federal rules require a lender/servicer to consider a borrower for a loan mod if there is enough time to consider one, if the lender offers loan mods.
Greg Kendall
Short term vs. Long Term Capital Gains
14 April 2018 | 9 replies
The date you placed it in service affects capital vs. expense.
Steven Matthew feliciano
Wholesale closing transactions
11 April 2018 | 3 replies
Can anyone refer me to another escrow service I.