Annual Property Operating Data --- The Pillars
Annual Property Operating Data
The Pillars

Purpose Broker's Analysis
Name The Pillars
Location 320 S Cortez
Property Type Apartments
Date 4 June 2014
Square Feet 10,000
Price $1,200,000
-Loans 900,000
Down Payment 300,000
+Acq Costs 3,000
+Loan Points 0
Investment 303,000


$/SqFt % of GI Annual $
Gross Income
Revenue $12.89 100.0% $128,927
Total Gross Income $12.89 100.0% $128,927
- Vacancy & Credit Loss 0.77 6.0% 7,736
Effective Income $12.12 94.0% $121,191
Less: Operating Expenses
APS (Electric) 0.78 6.1% 7,840
Unisource (Gas) 0.70 5.5% 7,030
Qwest (Phone) 0.06 0.5% 600
Water, Sewer, Trash 0.47 3.6% 4,665
Insurance 0.70 5.4% 7,025
Taxes 0.23 1.7% 2,253
Maintenance 0.43 3.3% 4,250
Management Fee 0.61 4.7% 6,060
Total Operating Expenses $3.97 30.8% $39,723
Net Operating Income $8.15 63.2% $81,469
Less: Debt Service
Loan 6.31 49.0% 63,136
Total Debt Service $6.31 49.0% $63,136
Net Operating Cash Flow $1.83 14.2% $18,333


Capitalization Rate 6.79%
Gross Income Multiplier 9.31
Cash on Cash 6.05%
Debt Coverage Ratio 1.290
Price/SqFt $120


     
David Parker
David Parker
Broker/Owner