Real Estate Investment Analysis September 17, 2018 SJ Fowler Real estate 474 N 1st Ave #100 Tucson AZ 8718 David Walsh 20-91-1736 dw.sjfowler@gmail.com
Property Photos, Main Property Photo
Property Photos,
Property Summary Operating Statement Gross Scheduled Income - Vacancy Loss = Gross Effective Income + Other Income = Gross Operating Income - Total Operating Expenses = Net Operating Income (NOI) Financial Statistics $4,300.00 $996.60 $17,331.27 Occupancy Percent Vacancy Percent Monthly Income Per Unit Monthly Income Per Sq Ft Annual Expenses Per Unit Annual Expenses per Sq Ft Gross Rent Multiplier Cap Rate 97.8% 2.2% $7.00 $0.8 $3,466.2 $3.88 9.60 6.20% Property Data Purchase Price Number of Units Number Occupied Number Vacant Price Per Unit Rentable Sq Ft Price Per Sq Ft Taxes Insurance Year Built Land Area Buildings Stories Electric Meters Gas Meters Parking Spaces Roof Zoning $43,000.00 $87,000.00 4,466 $97.40 $4,336.00 $1,900.00 1994.32 acre 2 1 8 shingle R2 Amenities and Features Five unit apartment complex on two separate residential parcels.property is two buildings surrounding a central courtyard with off street parking. Large floor plans with four 3 bdrm 2 bath units and one 2 bdrm 2 bath unit. All units have washer and dryer hookups, fire places, private fenced patios and central heating/ac. Low historic vacancy, rents can be increased. Prepared By David Walsh, SJ Fowler Real estate, 474 N 1st Ave #100, Tucson AZ 8718, 20-91-1736, dw.sjfowler@gmail.com This report has been prepared based on information furnished by sources deemed reliable, however no representation or warranty, either express or implied, is made to its accuracy.
Annual Property Operating DataYear 1 Annual Income Gross Scheduled Income - Vacancy = Effective Rental Income + Other Income = Gross Operating Income Initial Investment $4,300.00 $996.60 Annual Operating Expenses Taxes + Insurance + Property Management + Maintenance & Repair + Utilities + Services + Other Expenses = Annual Operating Expenses $4,336.00 $1,900.00 $3,44.27 $,397.00 $2,14.00 $17,331.27 Purchase Price Down Payment + Closing Costs + Loan Points + Other Costs = Total Investment Proposed Financing $43,000.00 0.0 0.000% 0.0 years 0.0 years Indicators $17,331.27 Annual Debt Service 1st Mortgage Principal and Interest Annual Cash Flow Before Tax Net Operating Income - Annual Debt Service - Capital Additions = Cash Flow Before Tax Purchase Price 1st Mortgage Points Interest Rate Amortized Over Term (Due Date) Net Operating Income Gross Operating Income - Annual Operating Expenses = Net Operating Income $43,000.00 Cap Rate Gross Rent Multiplier Cash on Cash Debt Coverage Ratio Modified DCR Default Ratio (Break Even) Return on Gross Equity Year 1 IRR Before Tax 6.20% 9.60 0.00% 0.00 0.00 39.12 6.20% 0.00% Prepared By David Walsh, SJ Fowler Real estate, 474 N 1st Ave #100, Tucson AZ 8718, 20-91-1736, dw.sjfowler@gmail.com This report has been prepared based on information furnished by sources deemed reliable, however no representation or warranty, either express or implied, is made to its accuracy.
Rent Roll at Month 1 Showing Monthly Numbers Rent Roll Summary Total Units Vacant Units Occupied Units Row Unit # 1 2 Unit Type Apartment Apartment Possible Rent - Vacancy Rent = Occupied Rent $4,300.00 $996.60 # of Type Beds Baths Sq Ft 4 3 2.00 900 1 2 2.00 866 Rent/Unit $77.00 $67.00 Occupied Vacant 97.8% 2.2% Rent/SqFt $0.86 $0.78 Prepared By David Walsh, SJ Fowler Real estate, 474 N 1st Ave #100, Tucson AZ 8718, 20-91-1736, dw.sjfowler@gmail.com This report has been prepared based on information furnished by sources deemed reliable, however no representation or warranty, either express or implied, is made to its accuracy.