Building

5818 N Kenmore

5818 N Kenmore Ave · Edgewater Built 1968 40 units

Ownership

Syndicated

Occupancy

92.5%

37 of 40 units occupied

T12 NOI

$425K

Avg rent $1,880 · Cap 5.99%

Valuation

$7.1M

Equity $2.5M · LTV 65%

DSCR

1.18x

Covenant

Below 1.20x covenant

T12 NOI

Monthly NOI vs occupancy

Loan

Debt summary

Outstanding

$4,600,000

Rate

7.25%

Maturity

Mar 31, 2028

Months to maturity

21 mo

Annual debt service

$377K

DSCR (covenant 1.20x)

1.18x

Cash Flow

T12 levered waterfall

Trailing 12

Net Operating Income

$425,000

(less) Annual debt service

-$376,561

(less) T12 capex

-$138,600

Levered cash flow

-$90,161

Negative cash flow this period driven by elevated capex. Fund from reserves; capex is non-recurring.

Depreciation

Annual non-cash

$207K

Straight-line, 27.5 years (residential), on building basis of $5.7M.

Building basis (80% of value)

$5.7M

Useful life

27.5 years

Method

GAAP straight-line

Tax shield estimate (37%)

$76K

Cost segregation could accelerate ~20-30% to 5/7/15-year lives. Worth modeling before next refi to amplify the LP tax shield.

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 $132KT12 $139K

Includes flagged plumbing escalation. AI suggests opening a formal capex project before next invoice clears.

Open

$7K

Capex / unit / yr

$3,465

Documents

Linked files

Loan agreement

5818 N Kenmore Loan Agreement 2025.pdf

AI-parsed

Insurance

5818 N Kenmore Policy 2026.pdf

AI-parsed

PPM

5818 N Kenmore Operating Agreement.pdf

AI-parsed