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Multi-Family Property Evaluation

This document summarizes the financial details of a 12-unit multifamily property including income, expenses, valuations, and potential purchase details. Total annual net operating income is $45,360. The property's Zestimate is $155,000 at an 80% loan-to-value, which would result in a $124,000 mortgage. Expenses total $6,113 per month, resulting in $187 monthly cash flow currently but a -$286 monthly cash flow at the desired 11% capitalization rate purchase price of $412,364.

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Kirill Zamanil
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112 views6 pages

Multi-Family Property Evaluation

This document summarizes the financial details of a 12-unit multifamily property including income, expenses, valuations, and potential purchase details. Total annual net operating income is $45,360. The property's Zestimate is $155,000 at an 80% loan-to-value, which would result in a $124,000 mortgage. Expenses total $6,113 per month, resulting in $187 monthly cash flow currently but a -$286 monthly cash flow at the desired 11% capitalization rate purchase price of $412,364.

Uploaded by

Kirill Zamanil
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Total Income

Total Expenses

$
$

75,600
30,240

NOI, month
NOI, annum

$
$

3,780
45,360

REFINANCING
Zestimate
80% LTV

$
$

30 years
20 years
155,000
124,000

Mortgage, 30 yr, 4.5%, 20% down


Mortgage, 20 yr, 4.5%, 20% down
Property Tax
Insurance
Vacancy
Repairs
TOTAL EXPENSES

2,423

$
$
$
$
$

1,200
600
630
1,260
6,113

Cashflow

187

###

(286)

Sell Price

Number of units
Rent
Year Built

Cap Rate
Age
Price per door

475,000
12
525
1983

9.5%
33
$

39,583

Desired Cap Rate


Purchase Price

11%
412,364

New Price per door

34,364

Property Class
A
B
C
D

Description
6 - 7% Cap Rate. White Collar. Less than 10 y.o.
8 - 9% Cap Rate. White and Blue collar. Less than 20 y.o.
10 - 11% Cap Rate. Blue Collar and Section 8. Less than 30 y.o.
12%+ Cap Rate. Bad area, bad tenants. More than 30 y.o.

SINGLE FAMILY HOMES


MLS: 269475

sale for 48, offer 35 cash?

MLS: 267189

sale for 35.8, offer 30 cash?

currently under contract

MLS: 269526

100K

200 cashflow potentially

MLS: 269598

61K, can be rented for 800?

MULTI FAMILY

in 32309

der contract

w potentially

Serious foundation issues

Cash available
Cash in bank
Home Equity
Credit Card cash
401K

$
$
$
$

23,000
25,000
25,000
27,000

TOTAL

$ 100,000

200
200
200

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