Laserfiche WebLink
Financial Analysis Summary <br />Building Summary 0 Apartment Analysis 2nd Floor <br />Total Building SF7,000 PSF Yearly Base Rent$53,758 <br />Office SF7,000Yearly OP Expenses$40,742 <br />Warehouse SF0$0.00 Monthly Net Rent$4,480 <br />Blended Net Rent$7.68Monthly OP Expenses$3,395 <br />Tax & OP$5.82% of Office Build Out50% <br />Income and Expense Summary <br />Annual Gross IncomeCost Per Unit$567,000$ 94,500.00 <br />Less Operation ExpensesAvg Rent $2,625$ 40,741.71 <br />Number of units <br />Net Operating Income$ 53,758.29 <br />1 <br />Acquisition Costs <br />Square Feet$PSF <br />Purchase Price243 bid 7,000$243.00$1,701,000.00 <br />Office Improvements 7,000$0.00$ - <br />Itemized Improvements See Itemized Impv Sheet$0 <br />Other 0$0.00$0 <br />Land Costs (New Construction Only) <br />0.00Acres0$3.00$ - <br />Sub Total Hard Costs(Coverage Ratio)#DIV/0!$ 1,701,000.00 <br />Soft Costs See Soft Costs$ 17,010.00 <br />Total Acquisition Costs$245.43$ 1,718,010.00 <br />Financing Summary <br />% <br />Total Acquisition Costs 100%$ 1,718,010.00 <br />1st Mortgage 80%$ 1,374,408.00 <br />2nd Mortgage or SBA 0%$ - <br />Seller Carry Back 0%$ - <br />Total Mortgage 80%$ 1,374,408.00 <br />20% <br />Equity Required For Bank <br />$ 343,602.00 <br />Mortgage Details <br />AmountTermInterst Rate <br />1st Mortgage$1,374,408254.25%$ 89,348.30 <br />2nd Mortgage$0204.25%$ - <br />Seller Carry Back $086.00%$ - <br />25#DIV/0! <br />Total Mortgage Cost Yearly $1,374,408 <br />$ 89,348.30 <br />Total Mortgage Cost Monthly <br />$7,445.69 <br />Vacancy Expenses <br />%SFRate PSF <br />Annual Net Income $ 53,758.29 <br />Minus Vacancy Net Expenses 5%350$7.68$ (2,688.00) <br />Minus Vacancy Operating Expenses 5%350$5.82$ (2,037.09) <br />AmountTermRate <br />Reserves / Improvements$0203.00%$ - <br />Equals Annual Adjusted Net $ 49,033.21 <br />Bottom Line <br />AmountTermRate <br />TIF Income $0123.00%$ - <br />Adjusted Net Income.$ 49,033.21 <br />Mortgage Payment$ (89,348.30) <br />Yearly Cash Flow($40,315.09) <br />Monthly Cash Flow($3,359.59) <br />Return on Investment-11.73% <br />Debt Constant6.50% <br />Debt Ratio0.60 <br />Cap Rate Value2.85% <br />Straight Cash Return2.85% <br />All information is judged reliable, however, no warranty or representation is made to it accuracy or completeness <br />Michael A. Brass | President1/13/2022 | 10:28 AM <br />612.750.4312 | mike@mikebrass.comPage 2 of 4 <br /> <br />