Building

4020 N Ashland

4020 N Ashland Ave · North Center Built 1995 26 units

Ownership

Wholly-owned

Occupancy

92.3%

24 of 26 units occupied

T12 NOI

$332K

Avg rent $2,240 · Cap 6.00%

Valuation

$5.5M

Equity $1.9M · LTV 65%

DSCR

1.29x

Covenant 1.20x · Buffer 8%

T12 NOI

Monthly NOI vs occupancy

Loan

Debt summary

Outstanding

$3,580,000

Rate

6.45%

Maturity

Sep 1, 2029

Months to maturity

38 mo

Annual debt service

$270K

DSCR (covenant 1.20x)

1.29x

Cash Flow

T12 levered waterfall

Trailing 12

Net Operating Income

$332,000

(less) Annual debt service

-$270,125

(less) T12 capex

-$23,400

Levered cash flow

$38,475

Available for distributions or capex reserve. Coordinate with waterfall before distributing.

Depreciation

Annual non-cash

$161K

Straight-line, 27.5 years (residential), on building basis of $4.4M.

Building basis (80% of value)

$4.4M

Useful life

27.5 years

Method

GAAP straight-line

Tax shield estimate (37%)

$60K

Cost segregation could accelerate ~20-30% to 5/7/15-year lives. Coordinate with the CPA on bonus depreciation timing.

Rent Roll

Live unit detail

Sample rent roll only loaded for the demo building (1247 N Damen). AppFolio sync will populate the rest.

Capex

Capital projects

YTD $20KT12 $23K

Routine turnover and unit refresh costs. Standard run rate.

Open

$4K

Capex / unit / yr

$900

Documents

Linked files

Loan agreement

4020 N Ashland Loan Agreement 2025.pdf

AI-parsed

Insurance

4020 N Ashland Policy 2026.pdf

AI-parsed