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Greely Apartments3254-60 GreelySan Diego, Ca 92113Joe Ramos6192266011 x 105ramos@scc1031.comSeth Watje6192266011 x 107Watje@scc1031.com
y
Recently Rehabbed
y
Stabilized Rental Income
y
Off Street Parking
y
Low Operating Expenses
y
All Two Bedrooms
Phone: 858-779-1000
q
Fax: 866-861-7803
q
3405 Kenyon St #411
q
San Diego, CA 92110
q
www.scc1031.com
Table of Contents
92113-92114 Comps .................................................................................... Attachment
Real Estate Investment Details
A
NALYSIS
Analysis Date: May 2010
P
ROPERTY
Property:
Greely Apartments
Property Address:
3254-60 GreelySan Diego, Ca 92113
F
INANCIAL
I
NFORMATION
Down Payment:
$212,500
Closing Costs:
$8,000
LT Capital Gain:
10.00%
Federal Tax Rate:
35.0%
State Tax Rate:
10.0%
Discount Rate:
8.00%
P
URCHASE
I
NFORMATION
Property Type:
Multi-Family
Purchase Price:
$850,000
Fair Market Value:
$850,000
Units:
8
Total Rentable Sq. Ft.:
6,240
Resale Valuation
5.0% (annual appreciation)
Resale Expenses:
6.0%
L
OANS
Debt Term Rate Payment LO CostsFixed $637,500 30 yrs 5.8% $3,741 $6,375
I
NCOME &
E
XPENSES
Gross Operating Income:
$99,316
Monthly GOI:
$8,276
Total Annual Expenses:
($20,950)
Monthly Expenses:
($1,746)
C
ONTACT
I
NFORMATION
Joe Ramos014964986192266011 x 105ramos@scc1031.comSeth Watje018054536192266011 x 107Watje@scc1031.com
The calculations and data presented are deemed to be accurate, but not guaranteed. They are intended for the purpose of illustrative projectionsand analysis. The information provided is not intended to replace or serve as substitute for any legal, accounting, investment, real estate, tax orother professional advice, consultation or service. The user of this software should consult with a professional in the respective legal, accounting,tax or other professional area before making any decisions.
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