Nov 2 • Crunch The Numbers
Need earnest ad down
, IL 19-Unit Property
Operating Summary (Current & After Renovation)
Category Before Renovation After Renovation
Units 19
Avg Rent / Unit $778.95. $833.00
Monthly Gross Incom$14,800 $15,833
Annual Gross Income $177,600 $190,000
Expense Ratio 40%
Annual Expenses. $71,040. $76,000
Net Operating Income (NOI) $106,560 $114,000
NOI / Month. $8,880. $9,500
Value @ 7% Cap Rate $1,522,286 $1,628,571
Value Increase — +$106,285
Price per Door (Asking $700K) $36,842 $36,842
💰 OFFER SCENARIOS
1.Cash$470,000 $47,000 —$106,560 22.7% N/A $8,880 22.7% $24,737
Seller Finance $550,000 $55,000 $495,000 2.6% $2,200 $26,400 $106,560 19.4% 4.04 $6,680 145% $28,947
3.Owner Finance $649,900 $64,990 $584,910 0% $3,000 $36,000 $106,560 16.4% 2.96 $5,880 108% $34,205
🧱 After-Renovation Effect on Each Option (Using $190,000 Annual Income, 40% Expenses)
Option New NOI Cap Rate Value @ 7% Cap Value Gain vs. Cost
1 – Cash ($470K) $114,000 24.3% $1,628,571 +$1.16M
2 – $550K @ 2.6% $114,000 20.7% $1,628,571 +$1.08M
3 – $649.9K @ 0% $114,000 17.5% $1,628,571 +$928K
4 – $700K @ 2.6% $114,000 16.3% $1,628,571 +$878K
5 – Cash ($700K) $114,000 16.3% $1,628,571 +$878K
Need earnest ad down in order to offer
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Need earnest ad down
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