OffMarket 10-unit apartment Dallas Texas 8.69 Cap fully Occupied at $1,200 a unit per month Turkey completely renovated. DSCR at 1.43 %
Below is a summary of the annualized performance and return expectations:
Executive Summary
Purchase Price: $875,000.00
Net Operating Income (NOI): $76,945.11
Capitalization Rate: 8.69%
Gross Annual Income: $144,000
Annualized Operating Expenses
We have refined the expense profile to include actual tax and insurance figures to ensure the most accurate projection:
Taxes (Actual): $14,473.62
Insurance Premium: $16,607.95 ($138.39/unit/month)
Mgmt, Utilities & Maint: $35,973.32 (Includes 15% professional management)
Total Operating Expenses: $67,054.89
Expense Ratio: 46.5%
Analysis & Outlook
At a 8.69% cap rate, this asset outperforms many comparable stabilized multi-family properties currently on the market in Dallas. The expense ratio is well-aligned with industry standards, and the inclusion of a 15% management fee provides a "hands-off" structure for an armchair investor while still maintaining a healthy net cash flow of approximately $6,412 per month before debt service.