2715 Humboldt Ave S - Financials
Operating Summary
| Income / Expense Item | Monthly | Annually | Per Unit |
| Scheduled Rent | $13,300 | $159,600 | $14,509.09 |
| Vacancy (Estimated at 5%) | -$665 | -$7,980 | -$725.45 |
| Laundry Income | $165 | $1,980 | $180.00 |
| Operating Expenses | -$5,224 | -$62,683 | -$5,698.45 |
| Net Operating Income | $7,576 | $90,917 | $8,265.18 |
Expense Breakdown
| Expense Category | Monthly | Annually | Per Unit | % of Scheduled Rent | Notes |
| Property Taxes | $980 | $11,756 | $1,068.73 | 7.4% | Enrolled in 4d |
| Insurance | $568 | $6,818 | $619.82 | 4.3% | |
| Utilities | $1,207 | $14,481 | $1,316.45 | 9.1% | |
| Management | $640 | $7,680 | $698.18 | 4.8% | |
| Resident Manager / Caretaker | $601 | $7,212 | $655.64 | 4.5% | |
| Maintenance | $481 | $5,775 | $525.00 | 3.6% | |
| Supplies | $13 | $160 | $14.55 | 0.1% | |
| Advertising / License | $23 | $273 | $24.82 | 0.2% | |
| Reserves | $229 | $2,750 | $250.00 | 1.7% | $250 per unit |
| Legal & Accounting | $206 | $2,470 | $224.55 | 1.5% | |
| Miscellaneous | $276 | $3,308 | $300.73 | 2.1% | |
| Total Operating Expenses | $5,224 | $62,683 | $5,698.45 | 39.3% |
Suggested Sales Terms
| Item | Amount |
| Asking Price | $1,400,000 |
| Down Payment | $350,000 |
| Beginning Loan Balance | $1,050,000 |
| Interest Rate | 6.75% |
| Amortization | 30 years |
| Monthly Payment | $6,810.28 |
| First Year Principal Payments | $11,190.35 |
| First Year Interest Payments | $70,533.01 |
Cash Flow Analysis
| Item | Annually |
| Net Operating Income | $90,917.00 |
| Less Debt Service Payments | -$81,723.36 |
| Cash Flow | $9,193.64 |
| Add Principal Reduction | $11,190.35 |
| Total Return | $20,383.99 |
| Cash Flow as a Percentage | 2.63% |
| Total Return as a Percentage | 5.82% |
Value Indicators
| Indicator | Value |
| Cap Rate | 6.49% |
| Price per Unit | $127,272.73 |
Financing terms shown are illustrative only and are not a loan offer. Financial information is based on the Seller's reported income and expenses. Information is deemed reliable but not guaranteed. Buyer and Buyer's agent should verify all information independently.