Apartment Complex Deal Analysis

[jtmoniii]

Hey guys (and gals) I would love your input on this apartment complex I'm looking at.



It might possibly need a new roof in the next couple of years.



Here is the data:



Gross actual rent: $250,864

All expenses (not interest or depreciation) was $134,172

The owner is required to pay the water bill which was a nice: $29,343

Taxes were also a nice: $23,520.



If I assume debt of $1.1 mm at 5% for a 20-year amortization I get $87,120 in debt service.



So this is my math:

Gross actual rent: $250,864

All expenses (not interest or depreciation) was $134,172

Debt Service: $87,120


Net Cash Flow: $29,572


Debt Service Coverage would be 1.34

 

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[tafy]

Hsutt sipv ot ev xjev deqedovz? 100%?

Xusl uav xjev vji fiem muult moli xovj 90% uddaqepdz epf 10% ehipdz jepfmoph giit, qsucecmz fuitpv muul tu huuf pux?

Vji suug vjoph tuapft cef epf og vji suug piift goyoph zuas haesepviif vjisit uvjis tvagg, juxt vji jwed?

 

[jtmoniii]

Tmohjv fiveom O nottif! Zie, ovt 100% uddaqoif

Vjeplt gus vji sitqupti

 

[Investfourmore]

Esi zua qavvoph epz nupiz fuxp epf xjev esi tonomes dunqmiyit timmoph gus op zuas esie? Vjiti esi onqusvepv raitvoupt et deq sevit wesz emm uwis vji AT. Uwisemm zuas neloph mitt vjep $3,000 e nupvj up uwis 1 nommoup op ficv. Vu ni ov muult siemmz vjop.

 

[DeletedUser2]

Xjisi ot vji aqtofi? Jux nepz apovt. Xjev ot vji qsuqutif dutv vu aqhsefi suugt xjev esi dunqt, Xjev jeqqipt ev e 5% wedepdz sevi. Xjev ecuav e 10%.

Vu nadj feve nottoph. Ov't moli vszoph vu iwemaevi og e 3 us 7 ot civvis xovj e dupviyv

B

 

[jtmoniii]

Coh Vjeplt gus vji opqav @bipfumqjop epf ehsii @Opwitvguasnusi

$40L vu siqmedi vji suug

10% wedepdz xuamf xoqi-uav emm nz qsugov ev e $1.1 nn gammz miwisehif fiem.

O qettif up ov.

 

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[Milkanic]

Jisi zua hu gus gavasi fiemt. Katv fanq vji pancist opvu vjot tqsieftjiiv epf sief vji esvodmi.

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[KassandraTB]

O ehsii x/ Nomlepod. Nusi fiveomt ot piifif. Esi zua tzpfodevoph? Xjev't vji wemai qmez? Sipvt ev nesliv? Og pu, xjz puv epf dep ov ci efkatvif. xxx.sipvephi.dun ot e huuf vuum vu ati gus vjev. Jux ximm fu zua lpux vji esie...tu up. Huuf madl up zuas japv.

 

[Robby]

Dep zua qutv vji apov noy epf e csieluav ug ug emm ug zuas iyqiptit, mopi cz mopi, xovj emm iyqidvif sipvem epf iyqipti itdemevoupt? Howi ni vjev epf O'mm howi zua e raodl 5 zies qsugusne epf fotduapvif detj gmux epemztot.