(assume 2- 6-plexs on a lot)
Evict everyone from building 1, and renovate w/ 100K
rent stabilize with new rents of $X over x months
Evict everyone from building 2, and renovate w/ 100K
rent stabilize with new rents of $X over x months
after Y month 50,000/mo
cost of rehab 1 $105,000
Cost of rehab 2 $90,000
Acquisition 1,200,000
Carry Cost 1,000
Sale price @ CAP 8.0 5,000,000
etc.
Then summarize into an ROI, or IRR or some form of rate of return.
what type of strategy were you thinking of.
For a distressed property MF it might look like
(assume 2- 6-plexs on a lot)
Evict everyone from building 1, and renovate w/ 100K
rent stabilize with new rents of $X over x months
Evict everyone from building 2, and renovate w/ 100K
rent stabilize with new rents of $X over x months
after Y month 50,000/mo
cost of rehab 1 $105,000
Cost of rehab 2 $90,000
Acquisition 1,200,000
Carry Cost 1,000
Sale price @ CAP 8.0 5,000,000
etc.
Then summarize into an ROI, or IRR or some form of rate of return.
Does this give you an idea?
Yes, thank you!