Updated almost 9 years ago on . Most recent reply
Large Multi unit Portfolio in Texas
Hey everyone,
I am analyzing a few larger commercial deals and want to get some input on a deal of this magnitude. This is truly a mix of B,C,and D units. Currently, I am leaving expenses at 50% because I am just doing a quick analysis of the property. Given that it is still returning 6 figures and currently has a 95% vacancy I think that the deal looks worth digging deeper into. I have about half of that down payment and i am pretty sure I could get someone to go in with me on the other half.
Thanks,
Jack
| Location | Lubbock, TX |
| Property: | Portfolio of mix 67 Units |
| Cost: | 3,350,000 |
| Acquisition cost: | 1% |
| Total: | 3383500 |
| Down: | 845875 |
| Loan | 2537625 |
| Debt: | 149212.35 |
| Current Monthy rent | 42520 |
| Annual Rent | 510240 |
| Expense @50% | 255120 |
| NOI @50% | 255120 |
| Cash After Debt @50% | 105907.65 |
Most Popular Reply
Loan amount: $2,537,625
Interest: 5%
Term: 20 years fixed
Yearly Debt Service: $200,966
Cash after Debt Service: $54,154
Cash on Cash (ROI): 6%
This cash on cash (ROI) seems low for the amount of risk taken. Please make sure the figures are correct before pulling the trigger.