Income
Gross Rents $62,580
Other Income $1,200
Gross Sched. Income $63,780
(Vacancy) $1,877
Net Gross Income $61,903
(Expenses) $16,647
Net Operating Income $45,256
Investment Analysis
Purchase Price $895,000
Down Payment $358,000
Loan Amount $537,000
Interest Rate 6.50%
DCR 1.15
Cash on Cash 1.55%
Expense Details
Property Taxes $11,367
Insurance $2,394
Management $4,067
Gas & Electric $1,864
Water & Sewer $1,472
Maintenance $4,466
Garbage $698
Miscellaneous $1,686
Financials
GRM 14.0
Cap Rate 5.1%
Price per Unit $149,166
Price per Square Foot $248
Square Feet 3,604
Lot Size 5,662
Age 48
Zoning R3
Newer HVAC systems
Fully Occupied Units
Professionally Managed
Very well maintained
Excellent 1031 Property
Rents Increasing
Vacancy Rates Down
Silicon Valley Job Growth
Attractive Finance Rates
Solid San Jose Asset
If you need any additional information call or email me...
No comments:
Post a Comment