For educational purposes only. Not for commercial/private use.
A case study in commercial residential underwriting.
718 Sunset Avenue, Rocky Mount, NC 27804
The “Foxfire Apartments”
A Valuation Case Study
Projected NOI: $74,000.00
Projected Cap Rate: 9.5% (Pro-forma 9.78%)
Estimated Value: $758,000.00 ($47,375.00 per unit)
Estimated Required Short-Term Improvements: $211,000.00 (L) - $300,000.00 (H)
Estimated Gross Rent Collection Rate: 90%
