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MUTITUS
<br />qWCOMMERCIAL
<br />REAL JESTATrt
<br />Financial
<br />Analysis Summary
<br />BuilrfingSummary 0
<br />1737 Mmill
<br />Street, CenteMille
<br />Total Building SF 7,000
<br />f l..Yearly Base Rent
<br />$102,058
<br />Office SF '7,000
<br />Yearly OP Expenses
<br />$40,742
<br />Warehouse SF 0
<br />$0.00 Monthly Net Rent
<br />$8,505
<br />Blended Net Rent $14.58
<br />Monthly OP Expenses
<br />$3,395
<br />Tax & OP $5.82
<br />% of Office Build Out
<br />100%
<br />Income and Expense Siimmaq
<br />Annual Gross income
<br />Cost Per Unit $243,000
<br />$
<br />142,800.00
<br />Less Operation Expenses
<br />Avg Rent $1,700
<br />$
<br />40,741.71
<br />,Net Operating Income
<br />$
<br />102,9058.29
<br />Acquisitiom Costs
<br />Square Feet
<br />SPSF 1�
<br />Purchase Price
<br />243 bid 7,000
<br />$24100
<br />$1,701,000.00
<br />Office Improvements
<br />7,000
<br />$0.00
<br />$
<br />Itemized Improvements
<br />See Itemized Impv Sheet
<br />$0
<br />Other
<br />0
<br />$0,00
<br />$0
<br />Land Costs (New Construction Only)
<br />0,00 Acres 0
<br />$3.00
<br />$
<br />Sub Total Hard Costs
<br />(Coverage Ratio) #DIV101
<br />$
<br />1,701,000.00
<br />Soft Costs
<br />See Saft Costs
<br />$
<br />17,010.00
<br />Total Ac uisitionCosts
<br />$245.43
<br />$
<br />1,718,010.00
<br />Financhig Suinmary
<br />%," I
<br />Total Acquisifion Costs
<br />100%
<br />$
<br />1,718,010.00
<br />1 st Mortgage
<br />80%
<br />$
<br />1,374,408.00
<br />2nd Mortgage or SBA
<br />0%
<br />$
<br />Seller Carry Back
<br />0%
<br />$
<br />Total Mortgage
<br />80%
<br />1,374,408.00
<br />Equity Required For Bank
<br />20%
<br />343602.00
<br />",,
<br />Mortgage Details
<br />Amount I'v'r1irl
<br />1st Mortgage
<br />$1,374,408 25
<br />4.50%
<br />$
<br />91,672.87
<br />2nd Mortgage
<br />$0 20
<br />4.50%
<br />$
<br />-
<br />Seller Carry Back
<br />$0 8
<br />&00%
<br />$
<br />-
<br />Total Mortgage Cost Yearly
<br />$1,374,408 25
<br />#DIVI0I
<br />91,672.87
<br />Total Mortgage Cost Monthly
<br />$7,639.41
<br />"Sp,
<br />R. te, psy
<br />Annual Net Income
<br />$
<br />102,058,29
<br />Minus Vacancy Net Expenses
<br />5% 350
<br />$14.58
<br />$
<br />(5,103.00)
<br />Minus Vacancy Operating Expenses
<br />5% 350
<br />$5.82
<br />$
<br />(2,037.09)
<br />Reserves / Improvements
<br />$0 20
<br />3,00%
<br />$
<br />-
<br />E gals Annual Aqjusted Net
<br />94,9118.21
<br />-,k"nW T,,d,
<br />Rate
<br />IF Income
<br />$0 12
<br />3.00%
<br />$
<br />-
<br />Adjusted Net Income
<br />$
<br />94,918.21
<br />Mortgage Payment
<br />$
<br />(91,,672.8,7)
<br />Yearly Cash
<br />Flow
<br />$3,245.34
<br />Monthly Cash Flow
<br />Return on Investment
<br />0.94%
<br />Debt Constant
<br />11 I I
<br />6.67%
<br />Debt Ratio
<br />1.11
<br />Cap Rate Value
<br />5.52%
<br />Straight Cash
<br />Return
<br />'5.52%
<br />All information is judged reliable, however, no warranty or representation is made to it accuracy or completeness
<br />Michael A. Brass I President
<br />612.750.4312 1 mike@mikebrass,corn
<br />4/10/2020 1 3:22 PM
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