APARTMENT INVESTMENT INFORMATION

# Units Address City Zip Map Code

15 4561-4571 Utah Street San Diego 92116

GRM CAP Rate

Price Current Market Current Market $/Unit
$1,425,000 9.6 7.9 6.2% 8.3% $95,000

$/Square Foot Gross Sq. Ft. Parcel Size Yr. Built

(Approx.) (Approx.) (Approx.) (Approx.)
$135.91 10,485 ?? ??

Income Detail Actual Annual Operating Expenses

# Units Type Rent Total
Estimated Actual Average Rents Advertising $0 Management (Off Site) $6,911
1 2Bd/1Ba $925 $925 Elevator $0 Management (On Site) $0
2 2Bd/1Ba $810 $1,620 Gas & Electric $1,788 Licenses & Fees $525
1 2Bd/1Ba $800 $800 Water & Sewer $6,580 Miscellaneous $0
3 2Bd/1Ba $775 $2,325 Landscaping $2,225 Reserves $0
1 2Bd/1Ba $910 $910 Trash Removal $3,260 Pool $0
3 2Bd/1Ba $735 $2,205 Pest Control $300 Insurance $0
1 2Bd/1Ba $990 $990 Maintenance $15,000 Taxes $16,103
1 2Bd/1Ba $825 $825
1 2Bd/1Ba $835 $835
1 2Bd/1Ba $975 $975

Laundry & misc income $0

Total Monthly Income $12,410

Estimated Market Rents Total Annual Operating Expenses (estimated): $52,692

15 2Bd/1Ba $1,000 $15,000
Expenses Per: Unit $3,513
% of Actual GSI 35%
Laundry & misc income $0
Total Monthly Income $15,000
Estimated Annual Operating Proforma Financing Summary
Actual Market
Gross Scheduled Income $148,920 $180,000 Downpayment: $550,000
Less: Vacancy Factor 5% $7,446 $9,000 39%
Gross Operating Income $141,474 $171,000 Interest Rate: 5.50%
Less: Expenses 35% $52,692 $52,692 Amortized over: 30 Years
Net Operating Income $88,783 $118,309 Proposed Loan Amount: $875,000

Less: 1st TD Payments ($59,618) ($60,205) Debt Coverage Ratio:

Current: 1.49
Pre-Tax Cash Flow $29,165 $58,104 Market: 1.97
Cash On Cash Return 5.3% 10.6%
Principal Reduction $0
Total Potential Return (End of Year One) 11%
Comments

all 2 bedroom 1 bath units. Well below market rents. Property currently listed with another broker. Buyer
to verify all information and perform their independent investigation with respect to income,expense, and condition
of the subject property.
David Cameron (619) 226-6011 x106 Cashflowsandiego@gmail.com
The information contained herein has been obtained from sources believed reliable. While South Coast Commercial Commercial does not doubt its accuracy, we have not verified it and make no guarantee,
warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates are used for

example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax, financial and legal advisors. You and your

advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.