928 6th Street Santa Monica, CA
Summary Price Down Payment Number of Units Cost per Unit Current GRM Current CAP Approximate Age Approximate Lot Size Approximate Net RSF Cost Per Net RSF $2,900,000 900,000.00 12 241,666.67 13.95 4.69% 35 7,497 14,412 201.22 Prime Location, North of Wilshire Unique Townhomes, Upside in Rents Great value for owner user 31% $ $
$
Annualized Operating Data Scheduled Gross Income: Less Vacancy Rate Reserve: Gross Operating Income: Less Expenses: Net Operating Income: Less Loan Payments: Pre-Tax Cash Flow: Plus Principal Reduction: Total Return Before Taxes: Scheduled Income No. of Units Bed/Bath
Current Rents
Annual $ 207,840.00 $ 6,235 $ 201,605 $ 65,470 $ 136,135 $128,837 $ 7,298 $29,507 $ 36,805
Example of potential financing LOAN AMOUNT: $ 2,000,000.00 AMORTIZED: 360 MO. LOAN PYMNT: $10,736.43 1ST YR INTEREST: ($99,329.88) 1ST YR PRINCIPAL: $29,507.31 1ST YR LOAN BAL: $ 1,970,492.69 INTEREST RATE USED 5% Monthly $ $ $ $ $ $ $ $ $ 17,320.00 519.60 16,800.40 5,455.80 11,344.60 10,736.43 608.17 2,458.94 3,067.11 Annualized Expenses
Maintainence Repairs Carpet/Floors Fire Protection Gardening Elevator Cleaning Plumbing Pest Control Gas Electricity Water/Sewer Water/Sewer/Trash Managmement Fee Leasing Bonus License and Permits Accounting Expense Rent Control Fees Bank Charges Property Taxes Insurance $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 2,175.00 5,000.00 300.00 1,242.00 700.00 1,680.00 79.00 346.00 75.00 1,341.00 1,653.00 208.00 4,238.00 9,178.00 400.00 304.00 55.00 1,584.00 184.00 8,596.00
3.00% 31.50%
0.81% 4.09% SQFT Approx. Sq. Ft.
Current Rents Monthly Rent/Unit $1,145.00 $1,375.00 $1,750.00 $741.00 $745.00 $1,750.00 $1,700.00 $1,330.00 $2,150.00 $1,037.00 $1,277.00 $2,250.00 Monthly Income 1,145.00 1,375.00 1,750.00 741.00 745.00 1,750.00 1,700.00 1,330.00 2,150.00 1,037.00 1,277.00 2,250.00 17,250.00 70.00
Bdrms/ Baths 1 Single/1 2 1/1 3 1/1 4 1/1 5 1/1 6 1/1 7 Townhouse 1/1.75 8 Townhouse 2+/1.75 9 Townhouse 2+/1.75 10 Townhouse 2+/1.75 11 Townhouse 2+/1.75 12 Townhouse 2+/2 Total Monthly Scheduled Rent: Laundry: Other Income: Monthly Scheduled Gross Income: Annual Scheduled Gross Income:
$ $ $ $ $ $ $ $ $ $ $ $ $ $
$ 17,320.00 $ 207,840.00
$ 26,633.00
Total Expenses: Per Net Sqft: Per Unit:
$
65,470 $5 $5,456
All figures are estimates only. Buyer must verify.
Financing
PRICE: # MONTHS DWN PMNT LOAN AMOUNT: # OF MONTHS: INT RATE: ($10,736.43)
# PMTS 1 2 3 4 5 6 7 8 9 10 11 12
$ 31% $ $
2,900,000.00 12 900,000.00 2,000,000.00 360 5%
PRINCIPAL AMOUNT $2,403.10 $2,413.11 $2,423.17 $2,433.26 $2,443.40 $2,453.58 $2,463.81 $2,474.07 $2,484.38 $2,494.73 $2,505.13 $2,515.56 $29,507.31
INTEREST AMOUNT ($8,333.33) ($8,323.32) ($8,313.27) ($8,303.17) ($8,293.03) ($8,282.85) ($8,272.63) ($8,262.36) ($8,252.05) ($8,241.70) ($8,231.31) ($8,220.87) ($99,329.88)
TOTAL PAYMOUNT 0 $10,736.43 $10,736.43 $10,736.43 $10,736.43 $10,736.43 $10,736.43 $10,736.43 $10,736.43 $10,736.43 $10,736.43 $10,736.43 $10,736.43 $128,837.19
LOAN BALANCE $ 2,000,000.00 $ 1,997,596.90 $ 1,995,183.79 $ 1,992,760.62 $ 1,990,327.36 $ 1,987,883.96 $ 1,985,430.37 $ 1,982,966.57 $ 1,980,492.50 $ 1,978,008.12 $ 1,975,513.38 $ 1,973,008.26 $ 1,970,492.69
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Financing
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