Great cash flow investment - NO RENT CONTROL....5517 Corteen Pl, Valley Village,
General Details
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Address: 5517 Corteen Pl City: Valley Village State: CA Zip: 91607 Price: $1,650,000 Floors: 2 Year Built: 1989 Square Feet: 8,320 Lot Size: 22590 Status: Active |
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DescriptionFull Description: NO RENT CONTROL. Corteen Place Executive Summary ACQUISITION COSTS Purchase Price, Points and Closing Costs $1,718,250 Investment - Cash $693,250 First Loan $1,025,000 INVESTMENT INFORMATION Purchase Price $1,650,000 Price per Unit $212,500 Price per Sq. Ft. $204.33 Income per Unit $17,678 Expenses per Unit ($3,944) INCOME, EXPENSES & CASH FLOW Gross Scheduled Income $141,420 Total Vacancy and Credits ($4,214) Operating Expenses ($31,549) Net Operating Income $105,657 Debt Service ($60,509) Cash Flow Before Taxes $45,149 Total Interest (Debt Service) ($43,228) Depreciation and Amortization ($59,848) Taxable Income (Loss) $2,580 Tax Savings (Costs) ($464) Cash Flow After Taxes $44,684 FINANCIAL INDICATORS Cash on Cash Return Before Taxes 6.51% Debt Coverage Ratio 1.75 Capitalization Rate 6.22% Gross Rent Multiplier 12.02 Gross Income / Square Feet $17.00 Gross Expenses / Square Feet ($3.79) Operating Expense Ratio 22.99% To request a complete financial informational package please email Armine Ghevian @ armine@kw.com. |
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