Castle Belle Glade
"Belle Glade, FL 33430 Multifamily Investment Opportunity! 45 Units, 94% Occupied
Marketing description
Investment Analysis
Assumptions
2. Net Operating Income (NOI): $213,000
3. Capitalization Rate (CAP): 8.56%
4. Annual Rental Income Growth: 3% (conservative estimate)
Investment Metrics
1. Cash-on-Cash Return: 8.56% (equal to CAP rate)
2. Internal Rate of Return (IRR): 10.35% (estimated)
3. Payback Period: 9.5 years (approximate)
4. Gross Yield: 8.56%
Cash Flow Projections
1. Year 1: $213,000 (NOI)
2. Year 5: $243,191 (assuming 3% annual growth)
3. Year 10: $291,919 (assuming 3% annual growth)
Break-Even Analysis
1. Break-Even Point: 9.5 years (approximate)
Return on Investment (ROI)
1. Year 1: 8.56%
2. Year 5: 9.73%
3. Year 10: 11.71%
Investment highlights
Investment Highlights
1. Purchase Price: $2,490,000
2. Net Operating Income (NOI): $213,000
3. Capitalization Rate (CAP): 8.56%
4. Cash-on-Cash Return: 8.56%
5. Internal Rate of Return (IRR): 10.35%
6. Payback Period: 9.5 years
7. Gross Yield: 8.56%
Key Features
1. 43 residential units (19 1/1, 24 efficiencies)
2. 2 commercial units
3. 94% occupancy rate
4. Low-maintenance buildings
5. On-site manager
Financial Projections
1. Year 1 NOI: $213,000
2. Year 5 NOI: $243,191 (3% annual growth)
3. Year 10 NOI: $291,919 (3% annual growth)
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
