Calculators > Apartment Loan Sizer

If you are currently looking into making an investment in an multi-unit
income producing residential property, we suggest that you try our mortgage
calculators perfect for this type of investment. Commercial finance is all
based on the real estate and by plugging in the correct numbers you can get
a good idea of what type of loan a property will support. To speak with us
directly, please call us at (818) 343-5544.

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 & 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 uncollectabes. If input is less than 5% of Gross Potential Income, model will automatically default 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 default to greater number.
5. Use greater of $250/door or actual
6. Defaults to 1.2 times