Monthly Cash Flow Question for existing Self Storage Owner

[Kenneth Hayes]

I have a question, we just tour a deal today and we are about to execute PSA next week!!! Quick question for you guys. What are typical cash flows per unit most investors see monthly that you pay yourself monthly? Is there a formula? I know how to calculate on the multi-family side, but not on the Self Storage side.

Thanks!

Ken

[Matt S.]

@Kenneth Hayes congrats! Self storage is a great investment. We don't look at CF per unit. At our facility, we have units that rent from $150-400+/month, so it varies significantly depending on the size and climate-controlled vs non-climate controlled. Like MF, I'd just focus on your over CoC return building in a reasonable vacancy rate for your area. If you really want it per unit, just divide the monthly cash flow by number of units.