5. Back Closet (22.17 sf)
Walls: 1 sheets drywall (1/2”), 425.33sf
Ceiling: 7 sheets drywall (5/8”), 176.67sf
104.67 sf Insulation (360)
25.49 flooring / $5sqft Labor + Material ($127)
$720-900
Total (for 1 Interior Unit):
$27,225-30,735
Total (For 4 Units/1 Building Interior):
$108,900-122,940
Total (for all 5 Building Interiors):
$544,500-614,700
Total (for Building 1 Exterior):
$45,000-47,500
Total (for all 5 Building Exteriors):
$230,000
Total Renovation Cost:
$774,500-844,700
Price of Building:
$387,500
Total Amount:
$1,162,000-1,232,200
Drywall sheet totals: 157 sheets + 10% waste = 172 sheets
Insulation sf totals: 1,478.61sf + 10% waste = 1,625 sf
Flooring totals: 273sf + 10% waste = 300 sf
(EGI) = effective gross income
Annual Debt Service Take out, that’s if we refinance the property with a bank
6. - Good numbers to note for factoring into the overall amount of the deal