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What is the Debt Service, NOI, Net Cash Flow, Return on Equity and Loan Constant for a multifamily apartment building, given the following information? Please
What is the Debt Service, NOI, Net Cash Flow, Return on Equity and Loan Constant for a multifamily apartment building, given the following information? Please show work.
- Number of Units: 200
- 1 Bedroom: 60
- 2 Bedroom: 100
- 3 Bedroom: 40
- Average Base Rents:
- 1 Bedroom: $850 per month
- 2 Bedroom: $1,100 per month
- 3 Bedroom: $1,300 per month
- Trash Recovery: $30 per month, per unit
- Utility Recovery: $110 per month, per unit
- Vacancy rate: 5.5%
- Operating Expenses: 40% of Effective Gross Income
- Concessions: 1.0%
- Rents Written Off: 1.5%
- Cap Rate: 8.0%
- Loan to Value: 75%
- Mortgage Interest Rate: 5.75%
- Amortization: 30 years
- Debt Service:
- NOI
- Net Cash Flow
- Return on Equity
- Loan Constant
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