| Property Data | |
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| Price | $4,950,000 |
| Down Payment (50%) | $2,475,00.00 |
| Number of Units | 10 |
| Price/Unit | $495,000.00 |
| Square Feet | 14,040 |
| Price/Square Foot | $352.56 |
| CAP Rate-Current | 4.21% |
| CAP Rate-Pro Forma | 5.89% |
| GRM-Current | 15.35 |
| GRM-Pro Forma | 12.21 |
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Annual Income Current Pro Forma |
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| Rental Income | $317,059.68 | $397,680.00 |
| Other Income | $1,159.44 | $1,800.00 |
| Total Income | $318,219.12 | $399,480.00 |
| (Total Expenses) | ($114137.85) | ($114,137.85) |
| Net Operating Income | $204,801.27 | $285,342.15 |
| (Debt Service) | ($148,500.00) | ($148,500.00) |
| Net Cash Flow After Debt Service | $55,581.27 | $136,842.15 |
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Annual Expenses Current Pro Forma |
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| New Taxes (1.163%) | $61.580.85 | $61,580.85 |
| Insurance | $10,167.00 | $10,167.00 |
| Maintenance & Repairs | $10,700.00 | $10,700.00 |
| Utilities | $28,570.00 | $28,570.00 |
| Custodial | $2,100.00 | $2,100.00 |
| Pest Control | $1,020.00 | $1,020.00 |
| Total Expenses* | $114,137.85 | $114,137.85 |
| % of EGI | 36.66% | 29.45% |
| * If new owner wants outside management add 4% (12,400.00) | ||
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Proposed Financing |
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| Loan Amount | $2,475,000.00 |
| Interest Rate | 6.00% (Int. only) |
| Monthly Debt Service | $12,375.50 |
| Annual Debt Sevice | $148,500.00 |
| Down Payment | 50% Loan To Value |
| Sources for Loan | First Republic Bank |
| Owner
User Analysis
Cost per month for an owner to live in 18 Pleasant based on a sales price of $5,295,000 and a 50% Down-Payment of $2,647,500. |
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| Annual Income | Current | Pro Forma |
| Annual Income Not including rent for 18 Pleasant | $239,059.68 | $319,680.00 |
| (Total Expenses) | ($114,137.85) | ($114,137.85) |
| Net Operating Income | $124,921.83 | $205,542.15 |
| (Debt Service) | ($148,500.00) | ($148,500.00) |
| Annual Cost for Owner to occupy 18 Pleasant | $23,578.15 | $0.00 Cost with a positive cash flow of $57,042.15 |
| Monthly Cost for Owner to occupy 18 Pleasant | $1,964.85 | $0.00 Cost with a positive cash flow of $4,753.51 |
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This material is based upon information, which we consider reliable, but third parties have supplied it, we cannot represent that it is accurate or complete, and it should not be relied upon as such. This offering is subject to errors, omissions, change of price or withdrawal without notice.© 2003 Sotheby’s International Realty, Inc. EQUAL HOUSING OPPORTUNITY, ®,™ and SM are licensed trademarks to Sotheby’s International Realty Affiliates LLC. An Equal Opportunity Company. Equal Housing Opportunity. Sotheby’s International Realty, Inc. is Owned and Operated by NRT LLC. |
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Betty Brachman 415.296.2215
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Co-listed with Chandler Properties 415.921.5733 |
