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Maple Court Apartments
1420 Maple Ave, Cleveland, OH 44113
Units24
Year built1968
Asking price$1,200,000
Price / unit$50,000
Data sourceMANUAL
IMF Deal Score
Attractive Under Current Assumptions
Data Confidence: 7.5/10
Operating snapshot (as reported, before your assumptions)
Gross scheduled income$264,000
Other income$6,000
Vacancy9.0%
Effective gross income$246,240
Operating expenses$145,000
Expense ratio59%
Net operating income$101,240
Going-in cap rate8.4%
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Assumptions
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Property
Financing
Growth
IMF Deal Score
Attractive Under Current Assumptions
Informational only — not a recommendation to buy or sell. Data Confidence is shown separately below.
Cap Rate8.4%
Cash-on-Cash8.3%
DSCR1.42
Debt Yield12.1%
NOI$101,240
Annual Cash Flow$29,997
Monthly Debt Service$5,937
Break-even Occupancy80%
Price / Unit$50,000
Loan Amount$840,000
Down Payment$360,000
Effective Gross Income$246,240
Score breakdown
Financial Return27.7 / 35
Cap rate 8.4% and cash-on-cash 8.3%.
Debt Resilience17.9 / 25
DSCR 1.42, debt yield 12.1%, break-even occupancy 80%.
Market Fundamentals5.9 / 20
Cleveland, OH: rent growth 2.0%, vacancy 8.0%, job growth 0.5%.
Acquisition Basis9.8 / 10
$50,000/unit vs market median $62,000 (-19%).
Data Confidence7.5 / 10
Source MANUAL, 100% of key fields present, financials unverified.
5-year projection
| Year | NOI | Cash Flow |
|---|---|---|
| Year 1 | $101,240 | $29,997 |
| Year 2 | $102,540 | $31,296 |
| Year 3 | $103,847 | $32,604 |
| Year 4 | $105,163 | $33,919 |
| Year 5 | $106,485 | $35,242 |