Investors | Single Family Homes | Multi Family Properties
| Estimated Cash Flow: 4-Plex | ||
| Monthly Rent per unit | $725 |
$900 |
| Purchase Price | $420,000 |
$420,000 |
| Down Payment (20%) | $168,000 |
$168,000 |
| Loan Amount | $252,000 |
$252,000 |
| Interest Rate (30 Year Fixed) | 6.000% |
6.000% |
| Mortgage Payment/ Mo | ($1,511) |
($1,511) |
| Gross Income/mo | $2,900 |
$3,600 |
| Gross Scheduled Income/yr | $34,800 |
$43,200 |
| Less Operating Expenses: | ||
| Professional Management 8% | $2,784 |
$3,456 |
| Water, Sewer, Trash | $1,584 |
$1,584 |
| Gardening @ $80 per mo | $1,080 |
$1,080 |
| Taxes (1.2% yr) | $5,040 |
$5,040 |
| Insurance | $1,050 |
$1,050 |
| Maint & Repairs | $1,440 |
$1,680 |
| Operating Expenses/yr - Total | $13,278 |
$14,370 |
| Operating Expenses/yr (% of income) | 38.16% |
33.26% |
| Net Operating Income | $21,522 |
$28,830 |
| Less Debt Service | ($18,130) |
($18,130) |
| Annual Cash Flow | $3,392 |
$10,700 |
| Cap Rate | 5.12% |
6.86% |
| Gross Multiple | 12.07 |
9.72 |
Investors | Single Family Homes | Multi Family Properties
Worksheet courtesy of Larry Hawkins Real Estate in Fresno, CA.
©2008 Larry Hawkins Real Estate. All rights reserved.