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FIVE-YEAR FORCAST
Property Assumptions
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The acquisition target is a 56-unit multifamily located at 115 Lois Ave in Tampa, Florida. The average rentable square feet per unit is estimated to be 829 sqf/unit. Property Taxes are 1.18 % of the acquisition price. Management fee is assumed at 6% of effective gross income.
Acquisition and Exit Assumptions
Asking Price is estimated in $15,000,000 ($267,857/unit). South Tampa Submarket registers $273,183/unit during the second quarter of 2023), for A Going-in capitalization rate 5.79% (current submarket cap rate is 4.5%). The Acquisition loan-to-value is assumed at 85%. 30years senior financing at 7% annual interest rate, with maturity of 5 years. Exit Capitalization rate is kept relatively univariable.
Source and Use Of Funds
