Adding stainless-steel appliances to 100 multifamily units justifies a $20 monthly rent bump. That's $22,800 extra annual rent, which translates to a $380,000 property value increase. After the $150,000 appliance cost, you net $15,000 profit and $365,000 in value gain.
Would you guys pay more rent if I had like more high-end appliances? Yeah, if I put stainless steel in there, let's say $20 more a month. I'm gonna lay it out, put some stainless steel versus this stuff here. Let me see what that $20 does, right? So I'm gonna get $20 more times 12 months, that's all profit. Let's say I'm running a 95% occupancy, it's $228. Now watch this, let's say I got a 100-unit complex, that's $22,800 more per year. I'm gonna sell this off at a $6K cap. That's $380,000. $380,000 in value I increase, and it cost me minus $150,000 times 100. That's my profit, $15,000. Look, y'all see that? I spent $15,000 more on appliance, I make $365,000. Why ain't they teaching you guys this in school? You know why? Because they want you to work the rest of your life.
