Marcus & Millichap Capital Corporation - Apartment Calculator

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Apartment Loan Sizer.......................................

 

Apartment Loan Sizer

100% Gross Potential Income (1) $
Less Vacancy and Uncollectables (2) $
  Effective Gross Income $
     
Less Expenses (3)  
  Taxes $
  Insurance $
  Utilities $
  Management (4) $
  Trash $
  Maintenance and Repairs $
  Landscape $
  Administrative $
  Miscellaneous $
  Total Operating Expenses $ % of GPI
  Expenses per Unit $
     
Net Operating Income $
Less  
  Capital Reserves (5) per unit $   # of Units:
  Total Capital Reserves $
Cash Flow Available to Service Debt $
     
     

Calculator

  Interest Rate    %
  Repayment Schedule (years)    years
  Debt Service Coverage (6)   
  Loan Amount $
    Definitions
  1. Sum of all actual income assuming 100% occupancy.
  2. Input actual vacancy and uncollectables. If input is less than 5% of Gross Potential Income, model will automatically defaut to greater number.
  3. Input actual expenses with necessary adjustments for taxes and Insurance. Use miscellaneous as a catch all.
  4. Input actual management expenses. If input is less than 5% of Effective Potential Income, model will automatically defaut to greater number.
  5. Use greater of $250/door or actual.
  6. Defaults to 1.2 times.