20-Unit Apartment
IRR
16.8%
Cash/Cash
9.4%
Eq. Mult
2.1x
DSCR
1.52
Revenue
Gross Rental Income
$480,000
Less: Vacancy (5%)
-$24,000
Other Income
$12,000
Effective Gross Income
$468,000
Expenses
Property Tax
$62,000
Insurance
$18,500
Maintenance
$28,800
Management (8%)
$37,440
Reserves
$9,600
Total Expenses
$156,340
Net Operating Income
$311,660
Debt Service
Loan Amount
$3,112,500
Interest Rate
6.75%
Annual Debt Service
$242,174
Annual Cash Flow
$69,486