31 units multiunit in Chicago --located in border of south shore
| Gross Rental Income $: $285,276 |
| Total Monthly Income: $24,264 |
| Total Annual Income: $291,176 |
| Gross Rent Multiplier: 8.59 |
| Taxes: $24,524 - 2019 |
| Total Annual Exp: $83,298 - 2019 - Actual |
| Expense Source: Actual |
| Net Oper Income $: $193,615 - 2019 |
| Cap Rate: 7.75 |
| Janitor Expense: $7,750 - Actual |
| Fuel Expense: $1,452 - Actual |
| Electricity Expense: $3,912 - Actual |
| Water Expense: $7,333 - Actual |
| Scavenger Expense: $2,748 - Actual |
| Insurance Expense: $5,033 - Actual |
| Repairs-Decor Expense: $7,750 - Actual |
| Manager Expense: $13,846 - Actual |
| Other Expenses: $8,950 - Actual |
| Operating Expense Includes: Advertising, Gardener, Other, Snow Removal list price 2.5mil my offer is 2 mil at 42% expenses (10% vacancies) 1.37 DCSR,25% down 3% closing cost ,coc 10.90% ,CAP RATE 7.37 someone please advice me what would be the perfect offer for this property? Is your offer based on sq ft/cap rate/NOI? Thank you |