Monday, October 31, 2005

NOI Analysis for Duplexes

Here is the NOI analysis for each group of duplexes. If I've err'd in my calculations, PLEASE let me know. :)

Group #1


Property Information
List Price: $ 119,000
Income
Gross Potential Rent: $ 1,146.00
Vacancy Factor: $ 95.50
Gross Operating Income: $ 1,050.50
Expenses
Management Fee: $ 103.14
Maintenance Reserves: $ 57.30
Property Taxes: $ 243.67
Insurance: $ 49.58
Utilities: $ 0.00
HOA Fees: $ 0.00
Other: $ 11.46
Total Operating Expenses: $ 465.15
Net Operating Income
Net Operating Income: $ 585.35


Group #2


Property Information
List Price: $ 109,000
Income
Gross Potential Rent: $ 1,210.00
Vacancy Factor: $ 100.83
Gross Operating Income: $ 1,109.17
Expenses
Management Fee: $ 108.90
Maintenance Reserves: $ 60.50
Property Taxes: $ 237.57
Insurance: $ 45.42
Utilities: $ 0.00
HOA Fees: $ 0.00
Other: $ 12.10
Total Operating Expenses: $ 464.48
Net Operating Income
Net Operating Income: $ 644.69


Group #3


Property Information
List Price: $ 145,000
Income
Gross Potential Rent: $ 1,502.00
Vacancy Factor: $ 125.17
Gross Operating Income: $ 1,376.83
Expenses
Management Fee: $ 135.18
Maintenance Reserves: $ 75.10
Property Taxes: $ 338.65
Insurance: $ 60.42
Utilities: $ 0.00
HOA Fees: $ 0.00
Other: $ 15.02
Total Operating Expenses: $ 624.37
Net Operating Income
Net Operating Income: $ 752.46

2 comments:

Shaun said...

Would you be paying cash for these? I don't see a mortgage expense.

Steve said...

Not all all. This is the amount after all deductions, excluding debt service. I can then figure out what type of terms I can offer. Unfortunately, these figures require me to get IO mortgages, or nothing at all (unless I'm willing to endure negative CF), based on the premise I'll put nothing down. :(