The document outlines financial details related to two property acquisitions, including 8 units of 2-bedroom and 1-bedroom apartments. It provides information on acquisition prices, potential gross income, effective gross income, operating expenses, and net operating income (NOI) for each unit type, along with calculated cap rates. The financial metrics indicate significant income potential and projected expenses for both property types.

1. 123 Go Properties Presents
8 unit 2 bedroom breakdown
Acquisition Price
Acquisition price: $104,000
Stabilization 24,000
Total: $128,000
Income:
Average rent Months Total
$565.00 8 12 54,240
Total Potential Gross Income 54,240
Vacancy and collection losses 20% 54,240 10,848
Effective Gross Income 43,392
Operating expenses
Description Item Units/Months Total
Management labor 2,500
Common area electric 333
Reserves for replacements 300 8 2,400
General and Administrative 889
Water/Sewer/Trash 1,000
Maintenance labor 2,500
Pest Control and landscaping 592
Concessions 1200 1,200
Advertising 177
Maintenance/Turnkey 2000 2,000
Taxes (actual) 2,182 3,595.00
Insurance 1,168
Management Fees 2,712
Total Operating costs 19,653
Gross Income 54,240
Total NOI 34,587
Pro Forma Cap Rate: 27.02%

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3. 8 unit 1 bedroom breakdown
Acquisition Price
Acquisition price: $88,000
Stabilization 24,000
Total: $112,000
Income:
Average rent Months Total
$458.00 8 12 43,968
Total Potential Gross Income 43,968
Vacancy and collection losses 20% 43,968 8,794
Effective Gross Income 35,174
Operating expenses
Description Item Units/Months Total
Management labor 2,500
Common area electric 333
Reserves for replacements 300 8 2,400
General and Administrative 889
Water/Sewer/Trash 1,000
Maintenance labor 2,500
Pest Control and landscaping 592
Concessions 1,200
Advertising 177
Maintenance/Turnkey 1500 1,500
Taxes (actual) 2,182 3,595.00
Insurance 1,168
Management Fees 2,200
Total Operating costs 18,641
Gross Income 43,968
Total NOI 25,327
Pro Forma Cap Rate: 22.61%

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