🚀 go-pugleaf

Positive Cash Flow  Investment Property
Out-of-Town Owner Anxious to Sell
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7 Unit Apartment Building For Sale
156 S. Swan Street, Albany NY
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Contact Owner at 818-793-7330
Email    rca@primenet.com
FAX 818-683-3129    

Income
Rent Roll       Monthly Annually
Apt. 1  $350    $4,200
Apt. 2  430     $5,160
Apt. 3  400     $4,800
Apt. 4  430     $5,160
Apt. 5  395     $4,740
Apt. 6  430     $5,160
Apt. 7  325     $3,900
TOTAL   $2,760  $33,120

Expenses
7 Unit Apartment Building               Monthly     Annually
GROSS RENTAL INCOME                     $2,760.00    $33,120
Less Vacancy @ 5%                       $138.00        $1,656
GROSS OPERATING INCOME          $2,622.00        $31,464

Trash Removal @ $47/mo                  $47.00           $564
Management & Repairs @10%               $262.20          $3,146.40
Insurance                                       $82.50          $990
Taxes                                   $382.79                 $4,593
Utilities                                       $401.83         $4,822
Water                                   $19.00          $228
TOTAL OPERATING EXPENSES                $1,176.32       $14,116
NET OPERATING INCOME            $1,445.68       $17,348

Financing
30% Down, 1st Mortgage with Bank
Mortgage @ 70% LTV                      $117,250
Down Payment @ 30 %                                50,250
PURCHASE PRICE                  $167,500

DEBT SERVICE CALCULATIONS
Mortgage @ 70% LTV                      $117,250           
Monthly Payment                 $943.42
Interest Rate                   9.00%
Term (in Months)                        360
Annualized Debt Service                 $11,321
NET INCOME                              $17,348
NET CASH FLOW--Annually         $6,027
RETURN ON INVESTMENT (ROI)              12%