Mcclintock 4356 Mcclintock Street San Diego, Ca 92105: 8 Well Maintained Units in City Heights

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McClintock

4356 McClintock Street


San Diego, CA 92105

❖ 8 Well Maintained Units in City Heights

❖ West of the 15 Freeway and North of El Cajon Blvd

❖ Low Operating Cost

❖ Easy Management

Joe Ramos
6192266011 x 105
[email protected]

Phone: 858-779-1000 ● Fax: 866-861-7803 ● 3405 Kenyon St #411 ● San Diego, CA 92110 ● www.scc1031.com
Real Estate Investment Details

ANALYSIS

Analysis Date: May 2010

PROPERTY

Property: McClintock
Property Address: 4356 McClintock Street
San Diego, CA 92105

PURCHASE INFORMATION FINANCIAL INFORMATION

Property Type: Multi-Family Down Payment: $232,500


Purchase Price: $775,000 Closing Costs: $0
Fair Market Value: $775,000 Discount Rate: 8.00%
Units: 8
Total Rentable Sq. Ft.: 5,436
Resale Valuation 0% (annual appreciation)
Resale Expenses: 5.0%

LOANS

Debt Term Rate Payment LO Costs


Fixed $542,500 30 yrs 5.7% $3,149 $5,425

INCOME & EXPENSES CONTACT INFORMATION

Gross Operating Income: $78,363 Joe Ramos


Monthly GOI: $6,530 01496498
Total Annual Expenses: ($25,608) 6192266011 x 105
Monthly Expenses: ($2,134) [email protected]

The calculations and data presented are deemed to be accurate, but not guaranteed. They are intended for the purpose of illustrative projections
and analysis. The information provided is not intended to replace or serve as substitute for any legal, accounting, investment, real estate, tax or
other 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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McClintock Property Photos
4356 McClintock Street Joe Ramos
San Diego, CA 92105 6192266011 x 105

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McClintock Executive Summary
4356 McClintock Street Joe Ramos
San Diego, CA 92105 6192266011 x 105

ACQUISITION COSTS

Purchase Price, Points and Closing Costs $780,425


Investment - Cash $237,925
First Loan $542,500

INVESTMENT INFORMATION

Purchase Price $775,000


Price per Unit $96,875
Price per Sq. Ft. $142.57
Income per Unit $10,305
Expenses per Unit ($3,201)

INCOME, EXPENSES & CASH FLOW

Gross Scheduled Income $82,440


Total Vacancy and Credits ($4,077)
Operating Expenses ($25,608)
Net Operating Income $52,755
Debt Service ($37,784)
Cash Flow Before Taxes $14,971

Total Interest (Debt Service) ($30,740)


Depreciation and Amortization ($27,182)

FINANCIAL INDICATORS

Cash on Cash Return Before Taxes 6.29%


Optimal Internal Rate of Return (yr 20) 7.11%
Debt Coverage Ratio 1.40
Capitalization Rate 6.81%
Gross Rent Multiplier 9.40
Gross Income / Square Feet $15.17
Gross Expenses / Square Feet ($4.71)
Operating Expense Ratio 32.68%

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McClintock Unit Mix Report
4356 McClintock Street Joe Ramos
San Diego, CA 92105 6192266011 x 105

UNIT MIXES

# Units Type Approx. SqFt Avg. Rents Monthly Mkt Rents Monthly
1 1 Bed 1 Bath 0 $825 $825 $825 $825
1 1 Bed 1 Bath 0 $800 $800 $800 $800
1 1 Bed 1 Bath 0 $825 $825 $825 $825
1 1 Bed 1 Bath 0 $825 $825 $825 $825
1 1 Bed 1 Bath 0 $800 $800 $800 $800
1 1 Bed 1 Bath 0 $800 $800 $800 $800
1 1 Bed 1 Bath 0 $825 $825 $825 $825
1 2 Bed 1 Bath 0 $1,095 $1,095 $1,095 $1,095
8 0 $6,795 $6,795

UNIT MIX UNIT MIX SQUARE FEET

● 1 Bed 1 Bath ● 1 Bed 1 Bath


● 1 Bed 1 Bath ● 1 Bed 1 Bath
● 1 Bed 1 Bath ● 1 Bed 1 Bath
● 1 Bed 1 Bath ● 1 Bed 1 Bath
● 1 Bed 1 Bath ● 1 Bed 1 Bath
● 1 Bed 1 Bath ● 1 Bed 1 Bath
● 1 Bed 1 Bath ● 1 Bed 1 Bath
● 2 Bed 1 Bath ● 2 Bed 1 Bath

UNIT MIX INCOME UNIT MIX MARKET INCOME

● 1 Bed 1 Bath ● 1 Bed 1 Bath


● 1 Bed 1 Bath ● 1 Bed 1 Bath
● 1 Bed 1 Bath ● 1 Bed 1 Bath
● 1 Bed 1 Bath ● 1 Bed 1 Bath
● 1 Bed 1 Bath ● 1 Bed 1 Bath
● 1 Bed 1 Bath ● 1 Bed 1 Bath
● 1 Bed 1 Bath ● 1 Bed 1 Bath
● 2 Bed 1 Bath ● 2 Bed 1 Bath

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