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YOUR MULTIFAMILY INVESTMENT GUIDE
  • Home
  • Buy
    • Featured Listings
  • Sell
    • What our buyers are looking for
    • Maximizing Your Property Value
    • Calculate Your Property Value
  • About
    • Meet The Team
    • Testimonials
    • Blog
    • Contact
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YOUR MULTIFAMILY INVESTMENT GUIDE

2115 44th Ave N - Financials

Unit

Style

Baths

Current

Resident Pays

Expiration

101 2 BR 1 $1,250 Electricity Month To Month
102 Studio 1 $1,060 Month To Month  
201 2 BR 1 $1,350 Electricity   Month To Month  
202 1 BR 1 $1,250 Electricity   3/1/2024
301 2 BR 1 $1,060 Electricity   Month To Month
302 1 BR 1 $1,060 Electricity   Month To Month
Total 9 6 $7,030

Laundry income brings in an additional $100 + / month

Expenses

Monthly

Annually

% of Gross Rent

Notes

Taxes $479 $5,742 6.8%

 4D reduced Tax.

Also includes $712.24 / yr special assessment

Insurance $333 $4,000 4.7%
Rental License $17 $200 0.2% Tier 1
Gas $285 $3,420 4.1% Centerpoint Energy
Electricity $110 $1,320 1.6% Xcel Energy - Common areas plus efficiency unit
Water, Sewer & Trash $526 $6,312 7.5% City of Minneapolis
Lawn / Snow $200 $2,400 2.8% Neighbor
Interior Cleaning $100 $1,200 1.4% Resident - Rent Credit
Property Management $0 $0 0% Owner-Managed
Advertising / Leasing $0 $0 0% Owner- Managed
Routine Maintenance $240 $2,880 3.4% Estimate - Varies
Total $2,290 $27,474 32.6%

Investment Analysis

 

Scheduled Rent $84,360
Estimated Vacancy at 5% -$4,218
Laundry Income $1,200
Effective Gross Income $81,342
Expenses -$27,474
Net Operating Income $53,808

 

Sales Price $700,000
Price Per Unit $116,667
Price Per Sq Ft $138
Down Payment (25%) $175,000
New Financing $525,000
Example Financing at 6.3% amortized over 25 years*

$3,480 / month

$41,754 / year

Debt Coverage Ratio 1.29
Rent To Value Ratio 1%
Gross Rent Multiplier 8.3
Cap Rate 7.69%

*This is not an offer for financing. Please confirm availability with your lender.

Information is deemed reliable but not guaranteed.  Buyer and Buyer's agent to verify all details.  

Click here to view property photos, video, floor plan and virtual tour.

Office

Apartment Cash Flow, Inc
511 - 2nd St, Suite 205Hudson
WI 54016
(612) 584-1345

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