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intro to real estate investment
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prep sheetcurrent rent increaseTENANCY:Sq FtRentannualrent (6 mon)$20studio4055022,000110005701 bedroom8060048,000240006202 bedroom8080064,00032000820200134,00067000
Current tenancy#$ renttotalrest of unitstotalvacanttotalstudio10500$5,00030$16,500422001 bedroom20580$11,60060$36,000636002 bedroom10805$8,05070$56,00064800month$24,650160$108,5001610600annual$295,800$1,302,000$127,200
INCOMElaundry, cable TV, parking, deposit fees,late fees$200,000rented aptsEXPENSESper unit184Op. expenses$400$73,600heating, cooling$100$18,400recurring$100,000non-recurring$250,000apt. locator fee$10,000$452,000.00
UW.LENDERRENTAL INCOME Special rate$295,800Current rate$1,302,000
Vacancy$127,200
EFFECT GROSS INC$1,470,600EXPENSES TOTAL$452,000
NOI$1,018,600