28 September 2018 | 36 replies
Assume revenue is over reported and expenses under reported$3107 for repairs?
6 March 2019 | 3 replies
Prepared By Key Investment Criteria Client Name Max Offer $ 425,000 Property Address Down Payment $ - Number of Units 12 Cash Flow (Per 100K) $88.30 List Price $ 425,000 % of List Price Cash Flow (Monthly) $ 375.29 Offer Price $ 425,000 100% Total Cash In $ 10,000.00 ARV/Appraised Value $ 450,000 Debt Service CR 1.16 Pref >1.2 Discount (%,$) 0% $ - Debt Yield Ratio 7.65% Pref >10% Purchase Price (Max Offer Price) $ 425,000 Cap Rate 7.47% Pref >8% Percent Down 0% LTV 1.00 Pref <.75 Down Payment Amount $ - Rent/Price Ratio 1.35% Pref 1.25% Amount Financed $ 425,000 COC ROI Year 1 218.0% Interest Rate 5.20% (Exp+Int)/Income 84% Costs of Repairs $ 5,000 Gross Rent Multiplier 6.3 Pref <9 Closing Costs $ 5,000 COC Return 45.0% Pref >10% Total Cost $ 435,000 Break Even Ratio 93% Pref <85% Length of Mortgage (Years) 30 Expense Ratio 53% ~50% Payment Monthly Annual ARV-Total Cost $ 15,000 Monthly Mortgage Payment $2,333.72 $ 28,004.65 % Investment of ARV 96% Pref <75% 10 year Return 65% $284,164 Rental Income Monthly Annual 15 Year Return 113% $490,037 Unit A (10 unit Apt) $ 4,550.00 $ 54,600.00 20 Year Return 172% $748,269 Unit B (Duplex) $ 1,250.00 $ 15,000.00 Unit C $ - $ - DSCR greater than 1.45 1.16 Unit D $ - $ - Standardized Cashflow >180 $88.30 Gross Rental Income $ 5,800.00 $ 69,600.00 LTV less than .76 1.00 Vacancy Rate 8% ROI year 1 greater than 20% 218.0% Net Rental Income $ 5,336.00 $ 64,032.00 Expense ratio between 45 and 55% 53% Positive initial equity $ 15,000 Expenses Monthly Annual 15 year return greater than 115% 113% Property Management Fees $ 320.16 $ 3,841.92 6.0% Total Cash In Less than 50K $ 10,000 Leasing Costs $ - $ - 0% DYR greater than 9% 7.65% Maintenance Reserve $ 750.00 $ 9,000.00 Utilities $ 375.00 $ 4,500 PropertyTaxes $ 640.17 $ 7,682.00 Insurance $ 325.00 $ 3,900.00 Other (Snow, Lawn Care, Trash, etc) $ 216.67 $ 2,600.00 Total Expenses $ 2,626.99 $ 31,523.92 Net Operating Income $ 2,709.01 $ 32,508.08 Mortgage Payment $ 2,333.72 $ 28,004.65 Total Cash In (Downpayment + Repairs) $ 10,000.00 Net Cash Flow $ 375.29 $ 4,503.43 Investment Analysis Appreciation Rate (20 YR AVG = 4.4%) 2.5% Rent Appreciation (20 YR AVG = 3.1%) 2.5% Cost to Sell Property 0.0%
28 October 2018 | 7 replies
What's the after repair value, debt, payment, term on loan,if loan is current, market rent, and cost of repairs needed is a good start, on the property.
26 August 2018 | 7 replies
Even if he capitalized some repairs and dialed down on depreciation.
2 September 2018 | 3 replies
The lender may require repairs to be done.
3 September 2018 | 22 replies
All those repairs you listed sound like normal CapEx to me.
29 February 2020 | 30 replies
Have some repairs that the lender required to be completed in the first year but loan funds were placed in escrow to cover those.
27 September 2018 | 7 replies
I was expecting 7k in repairs and improvements.
9 October 2018 | 18 replies
(Thank you in advance)Here's the violations list:CN062024Failed to maintain parapet wall in good repair and free from cracks and defects. (13-196-530 and 13-196-641)North and South parapets , spalled bricks and loose mortar with ajar mortar joints .CN063014Failed to maintain chimney in safe and sound working condition. (13-196-590, 13-196-530(b) and (c), 13-196-641)North chimney spalled bricks and loose mortar with ajar mortar joints .CN069014Failed to maintain foundation in sound condition and repair and so it adequately supports the building at all points. (13-196-530, 13-196-530(a), 13-196-641)Rear basement areaway , peeling masonry coating on foundation walls .CN070024Failed to repair or replace defective or missing members of porch system. (13-196-570, 13-196-641)Rear two story wood back porch requires replacement with plans and permits .