{"type":"video","version":"1.0","html":"<iframe src=\"https://www.loom.com/embed/4b3d5528622a42eba2cf7e93d88a7061\" frameborder=\"0\" width=\"1692\" height=\"1269\" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>","height":1269,"width":1692,"provider_name":"Loom","provider_url":"https://www.loom.com","thumbnail_height":1269,"thumbnail_width":1692,"thumbnail_url":"https://cdn.loom.com/sessions/thumbnails/4b3d5528622a42eba2cf7e93d88a7061-89f8b4aa8d9a2a5c.gif","duration":350.145,"title":"Initial Underwriting Analysis of a 20-Unit Apartment Building in Nampa","description":"In this Loom, I walked through a deal I recently underwrote for a 20-unit apartment building in Nampa, built in 1975. The asking price is around $3.6 million, which seems fair based on cap rates, but there are significant concerns, including high bad debt and low utility captures. The current average rent is $1,152, while the market rate is $1,225, indicating limited upside potential. A major red flag is the lack of market constraints for new construction, which could impact our ability to raise rents. I didn't request any specific actions, but further analysis would be necessary if we consider pursuing this deal."}