8-unit Multifamily Building

1960年建的，8-unit multifamily building, operating expenses $27K, 是不是很高？请大家点评一下。

The asking price is $1.6m
 

FINANCIAL SUMMARY (ACTUAL - 2020) ANNUAL ANNUAL PER SF

Gross Rental Income	$109,032	$16.93
Other Income	$396	$0.06
Vacancy Loss	$3,271	$0.51
Effective Gross Income	$106,157	$16.48
Taxes	$19,772	$3.07
Operating Expenses	$27,085	$4.20
Total Expenses	$46,857	$7.27
Net Operating Income	$59,300	$9.21

Asking for how much

$1.6m

How many M do you have....Don't put too much risk under the same

if you do not have more than 5 m, pass.

then I have to pass..., thought I could try out 20-25% down and

The thing is, how much risk can you take over

a single catastrophic event. if this house catch fire, can you handle a few months with no income but you still have to pay mortgage and repair cost? I can tell you from my experience, the insurance company can wait for several month before paying you anything. (In my case I waited more than 7 months. During these 7 months I put all incomes from other properties into this multifamily to rebuild it..

还有一个考量就是能不能add value, 如果rent是market value, 意义不大。

旧房子可能维修太多

Upgrade要很多精力和资金。波大请点评一下除了single catastrophy之外这个房子收益方面？

operating expenses $27K不算高。 公寓location大致在哪里，东西海岸热门地点吗？价格和地理位置也有很

Income low, high property tax, if no add-on value, 鸡肋。

平均每个单元20万/租1.1k，房子状况估计一般，貌似不算太好。

San Diego, CA

在San Diego，小区一般，离州立大学San Diego State University大约2miles

不知道San Diego当地的Cap rate平均多少？可以用来计算一下这个要价是否合理

20万/Unit，要租到$1500-1800，你维修和翻新才能Cover。60年的房子主要问题是上下管道和屋顶可能要翻新。