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$1075000 UCO APARTMENTS (EDMOND)


Reply to: hous-675694440@craigslist.org
Date: 2008-05-10, 3:43PM CDT


UCO APARTMENTS 2007 EXPENSES
Edmond, Oklahoma

ASKING PRICE $1,075,000

28 Units - 1 Unit Converted to Laundry Room/Vending Machines Averages $ 125 monthly.
16 2 Bedrooms $500 per month (Below market averages for area.)
11 1 Bedroom $400 per month (Below market averages for area.)


GROSS INCOME $ 142,860 (without surcharges for utilities)

Management $ 11,400
Maintenance $ 3,600
City Utilities $ 31,524
ONG $ 1,680
Insurance $ 8,220
Taxes $ 10,680
Total Expenses $ 67,104

NET INCOME $ 75,756

CAP Rate 7.00%
Cash on Cash 13.00%


** All totals are estimates. Figures include a 5% vacancy rate.
Amounts shown are figures with 20% down.


UCO MISSION STATEMENT
The University of Central Oklahoma exists to provide excellent undergraduate, graduate, and continuing education to enable students to achieve their intellectual, professional, personal, and creative potential. UCO must also contribute to the intellectual, cultural, economic, and social advancement of the communities and individuals it serves.
ENROLLMENT STATISTICS & DEMOGRAPHICS
Today approximately 420 full-time and 380 adjunct faculty teach a total of almost 16,000 students enrolled in five undergraduate colleges and a college of graduate studies and research.



PostingID: 675694440



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