Acquisition
Price	$1,550,000
-Loans	$1,240,000
Down Payment	$310,000
+Acq Costs	$15,500
+Loan Points	$18,600
Investment	$344,100
Total Units	42
*APOD Current is the Jan 12 cash flow multiplied by 12 (first month 12) . These numbers will differ from other reports if there are assumed changes in the first year.

Ratios
Capitalization Rate	8.70%
This APOD Capitalization Rate has been calculated by using the Month 1 NOI (11243) * 12 which equals 134916 (shown below). Divide by Purchase Price $1,550,000 and convert to a percentage equaling 8.70%. close
Gross Income Multiplier	7.73
This APOD Gross Income Multiplier has been calculated by using the Purchase Price $1,550,000 divided by Month 1 Gross Income (16700) * 12 which equals 200400 (shown below). The result equals 7.73. close
Cash on Cash	1.26%
This APOD Cash on Cash has been calculated by using the Month 1 Net Operating Cash Flow (361) * 12 which equals 4332 (shown below). Divide by (Downpayment $310,000 + Acq Costs $15,500 + Loan Points $18,600) and convert to a percentage equaling 1.26%. close
Debt Coverage Ratio	1.033
This APOD Debt Coverage Ratio has been calculated by using the Month 1 NOI (11243) * 12 which equals 134916 (shown below). Divide by Total Debt Service Month 1 10882 * 12 which equals 130584 equlaing the ratio of 1.033 close
Price/Unit	$36,905
This Price/Unit has been calculated by using the Purchase Price $1,550,000 divided by Total Units 42 which equals $36,905. close
Loans to Value	80.00%
This APOD Loans to Value has been calculated by using the loans $1,240,000 divided by Purchase Price $1,550,000 and convert to a percentage equaling 80.00%. close
Loans Constant	10.53%
This APOD Loans Constant has been calculated by using the Total Debt Service Month 1 10882 * 12 equaling 130584 divided by loans $1,240,000 and convert to a percentage equaling 10.53%. close
Loans/Unit	$29,524
This APOD Loans/Unit has been calculated by using the Loans $1,240,000 divided by Total Units 42 which equals $29,524. close

	$/Unit	% of EI	Annual $
Gross Incomehide
1 Bedroom Units (10 units)	$3,937.00	20.7%	$39,370
2 Bedroom Units (32 units)	$4,920.00	82.7%	$157,440
Laundry	$85.71	1.9%	$3,600

Total Gross Income	$4,771.67	105.3%	$200,410
Less: Vacancy & Credit Loss	$238.81	5.3%	$10,030
Effective Income	$4,533.10	100.0%	$190,390
Less: Expenseshide
Property Taxes	$443.10	9.8%	$18,610
Insurance	$71.43	1.6%	$3,000
Pool	$28.57	0.6%	$1,200
Gardener	$18.00	0.4%	$756
Utilities	$114.29	2.5%	$4,800
Resident Manager	$238.00	5.3%	$9,996
Maintenance	$76.29	1.7%	$3,204
Reserve	$76.29	1.7%	$3,204
Miscellaneous	$28.57	0.6%	$1,200
Management Fee	$226.57	5.0%	$9,516

Total Operating Expenses	$1,320.81	29.1%	$55,474
Net Operating Income	$3,212.52	70.9%	$134,926
Less: Debt Service	$3,109.38	68.6%	$130,594
Net Operating Cash Flow	$103.38	2.3%	$4,342