4 Plex - San Antonio Ave. SB

Transcription

1 - San Antonio Ave. SB Gandhi & Associates Realty, Inc Gandhi Naidu, CCIM 456 San Mateo Ave # 1, San Bruno, CA San Mtaeo Bus gandhi@gandhirealty.com

2 Actual (12 months) Income & Expense Statement Forecasted (12 months) Quantity Income Two Bedrm - Unit 1 1 $ 21,600 $ 26,400 Two Bedrm - Unit ,000 26,400 Two Bedrm- Unit ,200 26,400 Three Bedrooms- Unit ,200 Laundry Parking Other Income Potential Gross Income 57, ,300 Less: Vacancy and Credit Loss Allow. - - Effective Gross Income 57, ,300 Operating Expenses. Accounting and Legal - - Advertising - - Licenses and Permits Insurance 1,200 1,500 Prop. Management - - Salary, Res. Caretaker - - Employee Benefits - - Property Taxes 2,160 18,756 Maintenance & Repairs 2,000 2,000 Elevator service - - Fire Safety System Service Utilities 1,200 1,200 Security Services - - Supplies - - Intercom Rental - - Telephone - - Cablevision - - Garbage Collection 7,200 7,200 Other Expenses - - Operating Expenses 14,410 31,306 Net Operating Income (NOI) 42,590 82,994 Less: Debt Service - - CASH FLOW BEFORE TAX 42,590 82,994 Linden Ave - san Bruno

3 Financial Measures Linden Ave - san Bruno Purchase Price $ 1,995,000 *Acquisition Costs $ 50,000 *Total Purchase Price $ 2,045,000 Financing $ 0 Equity (Based on the Purchase Price) $ 1,995,000 (100.00%) Loan to Value Ratio 0% Units. Rentable Area (5450) 5,450 Number of Units 4 Price per 5450 $ 366 Price per Unit $ 498,750 Actual Capitalization Rate (Using Purchase Price) 2.13% Potential Gross Income Multiplier (PGIM) Effective Gross Income Multiplier (EGIM) Net Income Multiplier (NIM) Return on Equity (ROE) 2.13% Default Ratio or Break-even (Using PGI) 25.28% Default Ratio or Break-even (Using EGI) 25.28% Debt Service Ratio N/A Income per Unit per Year (Using PGI) $ 14,250 Income per Unit per Month (Using PGI) $ 1,188 Income per 5450 per Year (Using PGI) $ Income per 5450 per Month (Using PGI) $ 0.87 Operating Expense Ratio (Using PGI) 25.28% Operating Expense Ratio (Using EGI) 25.28% Operating Cost per Unit per Year $ 3,603 Operating Cost per Unit per Month $ 300 Operating Cost per 5450 per Year $ 2.64 Operating Cost per 5450 per Month $ 0.22 * The Financial Measure calculations: a) Uses the Purchase Price not the Total Purchase Price which includes the Acquisition costs b) Excludes Income and Expenses not included in the Net Operating Income

4 Cash Flow Comparison Report Actual Linden Ave - san Bruno Forecasted % of EGI % of EGI Potential Gross Income 57, % 114, % Less: Vacancy & Credit Loss Allow. 0 0% 0 0% Effective Gross Income 57, % 114, % Operating Expenses 14, % 31, % Net Operating Income (NOI) 42, % 82, % Less: Debt Service 0 0% 0 0% Cash Flow Before Tax 42, % 82, % ActualForecasted Potential Gross Income 57, ,300 Vacancy & Credit Loss Allow. 0 0 Effective Gross Income 57, ,300 Operating Expenses 14,410 31,306 Net Operating Income (NOI) 42,590 82,994 Income not in NOI 0 0 Expenses not n NOI 0 0 Net Income 42,590 82,994 Less: Debt Service 0 0 Cash Flow Before Tax 42,590 82,994

5 Property Information Linden Ave - san Bruno Property Description 4 unit Apartment Rental Units Owners-Unit large 3bedroom- 2bath. 3x 2bed rm 1bath each Address 420 San Antonio Ave San Bruno, CA San Mateo Location Description Highly desirable rental Area, close to all convenience, Airport, shops Train and Bart Stations. Purchase Price Purchase Price 1,995,000 Acquisition Costs 50, % Total Purchase Price $ 2,045,000 Financing Lender Amount Interest Rate Monthly Payment First Mortgage - 0% - 0 Second Mortgage - 0% Amort. Period (Yrs) Term Expiry Date Legal Legal Block 8 Lomita Park Sub Nos 1 & 2 Zoning Quadruplex- 4 units Encumbrances 1st $130,000 2nd $380,000

6 Property Taxes Information Assessment Date Property Taxes $ 2,020 Roll or Identification Number Property Information Linden Ave - san Bruno Assessed Value Land 40,000 Improvements 150, ,000 Good income units Land Dimensions Frontage 0 50 Land Area sq ft Building Age 0 Years No of Floors 0 Building Area Rentable Area 5, Units. Rentable Area 5, Total No. of Units 4 Parking Uncovered - Covered - Other - Total Parking - Construction Building Equipment & Systems Elevators No. of Elevators 0 Page 2