Multi Family Deal Statement of Cash Flows
Hi guys! I am a newbie real estate investor still learning and would like some insight on a property I am analyzing.
Some quick facts about the property:
Price: 265,000
No. Units: 6
Price/Unit: 44,166.67
Cap Rate: 9%
Year Built: 1900
Can you tell me what is wrong or can be improved with my numbers below.
| Income for each unit being very conservative | |
| Studio | 650 |
| One Bedroom | 800 |
| One Bedroom | 800 |
| Two Bedroom | 1000 |
| Two Bedroom | 1000 |
| Two Bedroom | 1000 |
| 5250 / Month | |
| Total Gross Income | 5250 |
| Vacancy Allowance (8%) | -420 |
| Uncollectable or Credit Losses (4%) | -210 |
| Net Rental Income | 4620 |
| Expense Data | |
| Taxes (4.46%) (Potential to rise/Hartford is 7%) | 985 |
| Insurance | 100 |
| Management (10%) | 525 |
| Repairs (10%) | 525 |
| Utilities Paid By Owner | 0 |
| Total Expenses | 2135 |
| 20 Percent Down | 53000 |
| Mortgage Amount | 212000 |
| Mortgage Payment (30 Years) | 1012 |
| Net Operating Income | |
| Net Rental Income | 4620 |
| Total Expenses | -2135 |
| Mortgage Payment | -1012 |
| Net Operating Income/Month | 1473 |
| Net Operating Income/ Year | 17676 |
Thanks!
-Brendan