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Multi-Family and Apartment Investing

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Danny Day
  • Rental Property Investor
  • Houston, TX
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488
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Cashflow statements on performing properties

Danny Day
  • Rental Property Investor
  • Houston, TX
Posted Sep 21 2015, 11:22

I am looking to start the search next year for my first multi-family property, and wanted to look at cashflow statements of those already running performing multi-family properties.

  • What am I missing for fixed expenses?
  • What am I missing for variable expenses?
  • What do you estimate for monthly maintenance?
  • What do you estimate for monthly vacancy?

My cashflow statement shows something like this:

INCOME

  • Unit #1 - $800
  • Unit #2 - $800
  • Unit #3 - $800
  • Unit #4 - $800

TOTAL INCOME: $3,200

EXPENSES

Reoccurring Expenses

  • PI: -$922
  • Taxes: -$760
  • Insurance: -$125
  • Property Management Fee: -$320

Total Reoccurring Expenses: -$2,128

Variable Expenses

  • Property Maintenance: $0
  • Vacancy: $0

Total Variable Expenses: $0

TOTAL EXPENSES: -$2,128

CASHFLOW: $1,072

Thanks in advance!

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