|
-100 w
<br />E
<br />My
<br />FIF
<br />'""
<br />Totall Buflding SIF 30,000
<br />Yearly Base Rent
<br />$195,000
<br />Office SF 5,000
<br />$11.00 Yearly OP Expenses
<br />$248,272
<br />Tenants Renil
<br />Rent
<br />Warehouse SIF 25,000
<br />$5.60 Monthly Net Rent
<br />$16,250
<br />$16,250
<br />Blended Not Rent $6.50
<br />Monthly OP Expenses
<br />$20,689
<br />$20,689
<br />"T"ax & 01P $8.28
<br />% of Offjce Bufld Out
<br />170/6
<br />$36,939
<br />Annual Gross Income
<br />443,272..00
<br />Less Operatjon Expenses
<br />$
<br />248,272.00
<br />Net Operati income
<br />195,
<br />Purchase Price
<br />30,000
<br />$90,00
<br />$
<br />2,700,000.00
<br />Office Improvements
<br />5,000
<br />$7000
<br />$
<br />350,000.00
<br />Itemized Improvements
<br />See Itemized Impv Sheet
<br />$
<br />-
<br />Other
<br />25.000
<br />$0-00
<br />$0
<br />Land Costs (New Construction Only)
<br />2.53 Acres 110,000
<br />$3.00
<br />$
<br />330,000.00
<br />Soil Corrections (New Construction Only) Enter Total$ Amount 4
<br />$
<br />Sub Total Hard Costs
<br />(Coverage Ratio) 27%
<br />$
<br />%380,000.00
<br />Soft Costs
<br />see soft is
<br />$
<br />328110.00
<br />'Total Acquisition Costs
<br />-------
<br />$113.74
<br />$
<br />3, 4"12,110.00
<br />Filmucing Sudtnnm)�
<br />Total AcqOsffion Costs
<br />100%
<br />$
<br />3,412,110.00
<br />'I st Mortgage
<br />75%
<br />$
<br />2,559,082.50
<br />2nd IMoirtgage or SBA
<br />(r/0
<br />$
<br />Total Mortgage
<br />75%
<br />2,559,082.50
<br />853.027.50
<br />,11,fonyg�awe Details
<br />st Mortgage
<br />$2,559,083 20
<br />450%
<br />$
<br />194,280..23
<br />,1
<br />2nd Mortgage
<br />$0 20
<br />4-50%
<br />$
<br />Total Mortgage Cost Yearly
<br />$2,559,083 20
<br />#DIV/01
<br />$
<br />194,28023
<br />Total o s e Cost Monthl'V
<br />_$16 190.02
<br />m,,u,,,ses
<br />Annual Net Income
<br />$
<br />195,000.00
<br />Minus Vacancy Net Expenses
<br />0% 0
<br />$6.50
<br />$
<br />Wnus Vacancy Operating Expenses
<br />0% 0
<br />$8.28
<br />$
<br />Reserves / lrnlprovernents
<br />$0 20
<br />3,00%
<br />$
<br />Equals ,Annual Ai "ustedNet
<br />Botrom, Dire
<br />TIF(Income
<br />$0 0
<br />0,0098°
<br />Adjusted Net Income
<br />$
<br />-I 9"000.00
<br />Mortgage IPayinnent
<br />$
<br />(194,280.23)
<br />Yearly Cash Flow
<br />719.177
<br />nthly Cash Flow
<br />59.
<br />ji;iu' -o—n
<br />Debt Constant
<br />7.69%
<br />Debt Ratio
<br />1.00,
<br />a ate alue5.71%
<br />Straialit Cash Retum
<br />5.71%'
<br />AN information is judged r0abile, however, ino warranty or representation is made to it accuracy or completeness
<br />Michael A. Brass I Vice President
<br />612.750.4312 1 mike@mikebrass.com
<br />9/28/2016 1 3:36 PM
<br />Page 1 of 1
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