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This is a property that is a test piece for the design of the site. Please call Les Matheney for more details. More pictures: |
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| Description | 56 2-br units that have been remodeled & upgraded in the last 2 years. | ||||
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| Location: | Property located in a great rental area. | ||||
| Income/Expenses: |
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Per/Year
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% of G.I.
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Per/Month
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Gross Schedule Income |
$446,700
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100%
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$37,225
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| Less Vacancy (-) |
$1,000
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0%
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| Other Income (+) |
$0
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0%
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$0
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| Gross Operating Income |
$445,700
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100%
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$37,142
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| Operating Expenses (-) |
$103,072
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23%
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$8,589
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| Net Operating Income (=) |
$342,628
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77%
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$28,552
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| Loan Payments (-) |
$196,680
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44%
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$16,390
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| CASH FLOW (=) |
$145,948
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33%
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$12,162
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| Capitalization Rate |
10.10%
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| Lot Size |
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| Zoning Multi Family |
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| Yr. Built |
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| Can Adds: |
Property Type
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Value
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Loans
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Equity
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Cash Flow (Yr.)
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| Residential Income/Apartments |
$800,000
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$670,000
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$130,000
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$0
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| CAN-ADD TOTALS |
$800,000
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$670,000
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$130,000
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$0
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| Owner Notes: | See attached | ||||
| Represented by | Les Matheney | ||||
| Desirable exchange locations | Roseville, Ca | ||||
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(916) 729-5886
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11140 Fair Oaks Blvd. Suite 4A
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Fair Oaks, CA 95628
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