Ar_home_b_search
 



fairlawn: Akron-area home values keep sliding - 05/07/09 07:10 PM
Report finds 24.8 percent of Summit, Portage owners have negative equity
  Published on Thursday, May 07, 2009
This article from http://Ohio.com is a bit of a micro-view segue from the previous blog article. Zillow has plenty of research and commentary to show how Akron Residential is slowly rotting from the inside, despite all the wonderful efforts of local business people. The local government needs to hopefully read this blog and many of the available resources out there screaming about the area needing help... anyhow... I digress... enjoy the articles' worth content.
 Nearly a quarter of all homeowners in Summit and … (1 comments)

fairlawn: 4-Units in Highly Desired Fairlawn, Ohio ** Agent Owned ** Seller Flexible in Terms / Financing ** A Gem of a property - 04/10/09 10:20 AM
 
 
… (0 comments)

fairlawn: 4-Unit Apartment Building For Sale ** Fairlawn, Ohio ** A Gem in Highly Desired Area ** Separate Utilities (Tenants pay Heat & Elec) ** Townhouse ** Central A/C ** Upside Potential - 03/15/09 10:54 AM
… (1 comments)

fairlawn: REDUCED ** 4-Unit Apartment Building in Fairlawn, Ohio ** FOR SALE ** Land Contract Possible - 01/15/09 06:50 PM
Please visit 
http://www.commercialsource.com/cs395762
 
Now priced at $274,000
 

… (0 comments)

fairlawn: One way to determine value for Multi-Family Investments - 01/13/09 06:06 PM
 

 
NOI stands for NET OPERATING INCOME.
To get to NOI, you must first start with the Gross Income (rentals, laundry, etc) minus % for Vacancy which leaves the Adjusted Gross Income.  Taking this number, you then apply the operating expenses (i.e. - Management, Maintenance, repairs, utilities, reserves, etc) which leaves you with your Net Operating Income. (i.e.-Income before Mortgage Debt)
Below find a brief numerical example...
GOI - $100,000
Vacancy - 10% - ($10,000)
ADJ GOI - $90,000
OP EXP - ($45,000)
NOI - $45,000
Now the rule of thumb throughout the industry (especially in Northeast Ohio) is … (1 comments)

fairlawn: "Cash is King" shout Commercial Agents - 12/09/08 01:38 PM
Cash is King versus the Battered Commercial Real Estate Market.  This is the sentiment from Commercial Real Estate professionals affiliated with CCIM Institute.
The liquid position "Cash", tops other investments such as Office Buildings, Apartments, Retail Centers and other commercial properties.
According to the survey conducted, this is the first time in 6 quarters that the CCIM Institute rated anything higher then Commercial Real Estate.  Cash garnered a 6.7 rating (Out of possible 10), whereas Commercial Real Estate received 6.1, bonds got 4.4 and stocks brought up the rear at 3.4.
 
The below data is somewhat worrisome from a Commercial … (0 comments)

 
004

Sean Dreznin, Commercial Investment Real Estate Agent

Sarasota, FL

More about me…

NAI Manasota

Address: 1718 Main St, Sarasota, fl, 34239

Office Phone: (330) 741-9667

Email Me



Links

Archives

RSS 2.0 Feed for this blog