Maple Court Apartments
1420 Maple Ave, Cleveland, OH 44113
Operating snapshot (as reported, before your assumptions)
Model this deal
Adjust financing and growth assumptions below. Changes affect only your analysis — the underlying listing is never modified.
Assumptions
Adjust any input — results update instantly.
Cash invested & reserves
Closing costs, upfront improvements, and initial reserves are added to total cash invested (they raise the cash-on-cash denominator). The annual capex reserve reduces cash flow but not NOI or cap rate — a common convention is $250–$300 per unit per year (≈ $6,600/yr here). It defaults to $0.
Model improvements (value-add)
Renovation rent premium, operational uplift, and general market-rent growth are counted separately — never combined. A large current-to-proposed rent gap is an assumption to confirm, not proof.
Downside scenario
A scenario, not a forecast.
5-year projection
Cash flow is after debt service and the annual capex reserve. Debt service is held at the current payment; the loan balloon is due in year 10.
| 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 |
What the numbers say
An assessment of how this deal reads under the assumptions above — not an endorsement, recommendation, or suitability determination.
Works as a current-income deal — positive cash flow with comfortable debt coverage (DSCR 1.42, 8.3% cash-on-cash) under the assumptions shown.
- • Annual cash flow after reserves: $29,997.
Not yet modeled. Open “Model improvements” and add renovation scope, costs, and target rents to assess the upside.