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W1,14"1111111 S
<br />COMMERCIAL
<br />REAL ESTATE
<br />Financial Analysis
<br />Summary
<br />Building Summaq
<br />Total Building SF 7,025
<br />Yearly Base Rent $112,400
<br />MO
<br />$9,367
<br />Office SF 7,025 s16.00
<br />Yearly OP Expenses $44,932
<br />MO
<br />$3,744
<br />Apt Up 0 $0,00
<br />iBlended Net Rent $16.00
<br />Depr in Yrs 27.5/39 39
<br />Tax & OP $6.40
<br />% of Office Build Out 100%
<br />Income and Expense Summary
<br />Annual Gross Income
<br />$
<br />157,331.90
<br />Less Operation Expenses
<br />$
<br />44,9131.90
<br />Net Operating Income
<br />$
<br />112,400.00
<br />M
<br />Square Feet SPSF
<br />Purchase Price Shefl Costs
<br />�e
<br />7,025 $243.00
<br />$
<br />1,707,075.00
<br />Office Improvements
<br />7,025 $0,00
<br />$
<br />Itemized Improvements
<br />See Itemized Impv Sheet
<br />$0
<br />Other
<br />0 $0.100
<br />$0
<br />Land COStS (New Construction Only) 0.22 Acres 9,664 $0,00
<br />$
<br />Soil Corrections (New Construction Only)
<br />Enter Tbtal$ Amount 4
<br />$
<br />Sub Total Hard Costs (Coverage Ratio) 73%
<br />$
<br />1,707,075.00
<br />Soft Costs
<br />See Soft Costs
<br />$
<br />Total Acquisition Costs
<br />- $243.00
<br />1,70,71075.100
<br />Tot ul sJf
<br />Total Acquisition Costs
<br />al Acquisition Costs
<br />r2nd
<br />100%
<br />$
<br />1,707,075.00
<br />Is
<br />I st Mortgage
<br />80%
<br />$
<br />1,365,660.010
<br />Mortgage or SBA
<br />0%
<br />$
<br />Total Mortgage
<br />80%
<br />$
<br />1,365,660.00
<br />Equity Required' For Bank
<br />20%
<br />$
<br />341,415.00
<br />E--,I-
<br />ount Term Interst Rate
<br />1st Mortgage
<br />$1,365,660 25 4.80%
<br />$
<br />93,902.28
<br />2nd Mortgage
<br />$0 25 4.8Q%
<br />$
<br />-
<br />Total Mortgage Cost Yearly
<br />$1,365,660 25 #DIV101
<br />$
<br />93,902.28
<br />Mortgage Cost Month /Y
<br />$7,825.19
<br />iTotal
<br />g Iim
<br />% SF Rate PSF
<br />Annual Net Income
<br />$
<br />112,400.00
<br />Minus Vacancy Net Expenses
<br />0% 0 $16.00
<br />$0.00
<br />Minus Vacancy Operating Expenses
<br />0% Q $6.40
<br />$0.00
<br />EAmount
<br />Term R
<br />Reserves / Improvements
<br />$0 0 0.00%
<br />0
<br />uals Annual Adjusted Net
<br />Amount Term Rate
<br />TIF Income
<br />$0 0 OM%
<br />0
<br />Debt Constant 6.98%
<br />Adjusted Net Income
<br />$
<br />112,,400.00
<br />Debt Ratio 1.20
<br />Mortgage Payment
<br />$
<br />(93,902.28)
<br />Yearly, Cash Flow
<br />$
<br />18,497.72
<br />Monthly Cash Flow
<br />1,541.48
<br />Return on Investment
<br />5.42%
<br />Cap Rate Value
<br />6.58%
<br />I Straight Cash Return
<br />6.58%
<br />All informatbri is judged reliable, however, no warranty or representafon is made to it accuracy or compaeteness
<br />Michael A. Brass I President 4/10/2020 1 4-.06 PM
<br />612-750,4312 1 mike@mikebrass,com Page 1 of 1
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