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6556 S. Mozart Street Opportunity – 10-Unit Apartment Building

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  • EquityBuild Inc. Property
More Information

Proposed Terms

Property Type
10 units
Refers to the kind of property, including the number of units in the building.
Total Cash Investment
$575,000
No Description found!
Full Stabilized Cap Rateee
9.55%|
No Description found!
Projected Refi/Resale Cap Rate Used in Model
8.00%
No Description found!
Area Market Cap Rate
7.25-8.00%
No Description found!
Cash on Cash Return, Year 2
15.87%
Cash on cash return is the ratio of annual before-tax cash flow to the total amount of cash invested, shown as a percentage. Year 2 is once the property has reached full stabilization, and the building is fully rented.
Avg. Internal Rate of Return, Year 7
26.90%
The average value of the stream of Cash on Cash returns produced by the property through Year 7. This is the rate of return that would be required to equal the benefit of owning the property.
Proposed Unit Configuration (BRs/BAs)
6- 1BR/1BA, 2- 2BR/1BA,2- 3BR/1BA
This describes how many units contain a specified number of bedrooms and bathrooms.
Unit Mix Monthly Gross Income (per unit)
$800-950, $800-1,100, $1,050-1,250
These are the amounts of gross income per month based on the type of units in the building.
Projected Gross Income (annually/monthly)
$9,300/ $111,600
The projected income from all revenue sources for the property (by year and month).
Projected Vacancy
$11,160
The projected annual cost of a building’s vacancy based on the percentage of units that are anticipated to be empty in a given year.
Taxes
$9,398
The annual tax amount for the property.
Insurance
$1,545
This is the estimated annual cost for insuring the property.
Property Management (6%)
$8,035
No Description found!
Repairs and Maintenance
$8,240
The estimated cost for repairs and maintenance within a year.
Utilities
$8,498
No Description found!
Water
$4,635
This is the estimated cost for these utilities, based on individual properties.
Replacement Reserves
$2,060
No Description found!
Net Operating Income (annual/monthly)
$4,578/ $54,940
The amount of money generated by the property, less the regular expenses required to keep it in operation. Does not include financial costs like mortgage payments.

EquityBuild Difference

EquityBuild is a client advocate in a real estate world where we build life-long relationships to create turn-key solutions that consistently deliver double-digit returns. Real estate investment opportunities are carefully selected based on EquityBuild’s proprietary econometric model that identifies properties with strong upside and minimal risk. To learn more about EquityBuild and how you can invest directly in real estate with expert guidance and no landlord hassles please call (877) 978-1869.

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