2022-01-19 EDA Packet - Laserfiche WebLink

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Financial Analysis Building Summary Main Floor / Retail or office Total Building SF7,025 PSF Yearly Base Rent$112,400MO$9,367 Office SF7,025$16.00 Yearly OP Expenses$47,559MO$3,963 Apt Up 0$0.00 Blended Net Rent$16.00Depr in Yrs 27.5/3939 Tax & OP$6.77% of Office Build Out100% Income and Expense Summary Annual Gross Income$ 159,959.25 Less Operation Expenses$ 47,559.25 Net Operating Income$ 112,400.00 Acquisition Costs Square Feet$PSF Purchase Price / Shell CostsOrginal $243 psf 7,025$260.00$ 1,826,500.00 Office Improvements 7,025$0.00$ - Itemized Improvements See Itemized Impv Sheet$0 Other 0$0.00$0 Land Costs (New Construction Only) 0.22Acres9,664$0.00$ - Enter Total $ Amount Soil Corrections (New Construction Only) $ - Sub Total Hard Costs(Coverage Ratio)73%$ 1,826,500.00 Soft Costs See Soft Costs$ - Total Acquisition Costs$260.00$ 1,826,500.00 Financing % Total Acquisition Costs 100%$ 1,826,500.00 1st Mortgage 80%$ 1,461,200.00 2nd Mortgage or SBA 0%$ - Total Mortgage 80%$ 1,461,200.00 20% Equity Required For Bank $ 365,300.00 Mortgage Details AmountTermInterst Rate 1st Mortgage$1,461,200254.80%$ 100,471.58 2nd Mortgage$0254.80%$ - 25#DIV/0! Total Mortgage Cost Yearly $1,461,200 $ 100,471.58 Total Mortgage Cost Monthly $8,372.63 Vacancy Expenses %SFRate PSF Annual Net Income $ 112,400.00 Minus Vacancy Net Expenses 0%0$16.00$0.00 Minus Vacancy Operating Expenses 0%0$6.77$0.00 AmountTermRate Reserves / Improvements$000.00%0 Equals Annual Adjusted Net $ 112,400.00 Bottom Line AmountTermRate TIF Income $000.00%0 Debt Constant6.88%Adjusted Net Income$ 112,400.00 Debt Ratio1.12Mortgage Payment$ (100,471.58) Yearly Cash Flow$ 11,928.42 Monthly Cash Flow$ 994.04 Return on Investment3.27% Cap Rate Value6.15% Straight Cash Return6.15% All information is judged reliable, however, no warranty or representation is made to it accuracy or completeness Michael A. Brass | President1/13/2022 | 10:29 AM 612.750.4312 | mike@mikebrass.comPage 2 of 4