Multifamily Scenarios
Definition:
The multifamily scenarios are assumed and broken up into 3 categories for you to consider. They include current rent, market rent, and proforma rent.
Example:
What if the rent was? $800 / mo.
Current Rent: Ideal for clients looking for TURN KEY multifamily. Uses actual existing rents Includes property management No renovation required Includes all annual operating expenses; taxes, insurance, repairs, vacancy, utilities.
What if the rent was? $1,100 / mo.
Market Rent: Ideal for clients looking to IMPROVE MANAGEMENT. Uses market rents with the current condition Includes property management No renovation required Includes all annual operating expenses; taxes, insurance, repairs, vacancy, utilities.
What if the rent was? $1,350 / mo.
Proforma Rent: Ideal for clients looking for FIXER-UPPER multifamily. Uses top-of-market rents for newly fixed units Includes a renovation to the property Includes property management Includes all annual operating expenses; taxes, insurance, repairs, vacancy, utilities