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CASE STUDY: ABC APARTMENTS Property Type Multifamily Number of Units 100 Buyer Purchase Price $15,000,000 Purchase Date 12/31/2015 Buyer Mortgage Amount 75% of the purchase
CASE STUDY: ABC APARTMENTS Property Type Multifamily Number of Units 100 Buyer Purchase Price $15,000,000 Purchase Date 12/31/2015 Buyer Mortgage Amount 75% of the purchase price Mortgage Term 20 years Amortization (yes/no) no Interest Only Period 20 years Interest Rate (fixed) 6.00% Seller Provided Operating Expenses $700,000 Buyer Assumptions - 2016 and beyond 2016 Average Rent per month $1,700 per unit Annual Rent Increase (for 2017 and beyond) 4.0% Annual Operating Expenses Increase 3.0% Vacancy
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Cornerstones of Financial and Managerial Accounting
Authors: Rich Jones, Mowen, Hansen, Heitger
1st Edition
9780538751292, 324787359, 538751290, 978-0324787351
