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    Resale Op Pro - Forma

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    southpointpg
    Resale and First-Year Pro Forma Operating Statement. Estimated selling price based on 9.0% Cap Rate Less costs of sale Sales commissions Escrow and legal costs, resale Less loan(s) outstanding Proceeds of sale RETURN on EQUITY.

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    Resale Op Pro - Forma

    Uploaded by

    southpointpg
    12 views1 page
    Resale and First-Year Pro Forma Operating Statement. Estimated selling price based on 9.0% Cap Rate Less costs of sale Sales commissions Escrow and legal costs, resale Less loan(s) outstanding Proceeds of sale RETURN on EQUITY.

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    resale-op-pro_forma[1]

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    Resale and First-Year Pro Forma Operating Statement. Estimated selling price based on 9.0% Cap Rate Less costs of sale Sales commissions Escrow and legal costs, resale Less loan(s) outstanding Proceeds of sale RETURN on EQUITY.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    12 views1 page

    Resale Op Pro - Forma

    Uploaded by

    southpointpg
    Resale and First-Year Pro Forma Operating Statement. Estimated selling price based on 9.0% Cap Rate Less costs of sale Sales commissions Escrow and legal costs, resale Less loan(s) outstanding Proceeds of sale RETURN on EQUITY.

    Copyright:

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    Resale and First-Year Pro Forma Operating Statement

    RESALE (by Developer)

    Estimated selling price based on 9.0% cap rate 9,076,000


    Less costs of sale
    Sales commissions 453,800
    Escrow and legal costs, resale 90,760
    Title insurance, resale 90,760
    Less loan(s) outstanding 5,078,000
    Proceeds of Sale $ 3,362,680

    RETURN ON EQUITY 6.54%

    Estimated selling price 9,076,000


    Less costs of sale 635,320
    Less Total Project Costs Overall (including land) 8,234,200
    Net Gain or Loss $ 206,480

    FIRST-YEAR PRO FORMA OPERATING STATEMENT

    Purchase Price 9,076,000


    Financing at @ 7.75%, 20 years 6,807,000
    Equity Investment $ 2,269,000

    GROSS ANNUAL INCOME


    Gross scheduled rent income 1,012,000
    Miscellaneous first-year income 35,000
    Total Gross Income $ 1,047,000
    Less 3.00% Vacancy & Credit Loss Allowance 31,410
    Gross Operating Income $ 1,015,590

    OPERATING EXPENSES
    Taxes 72,000
    Insurance 36,000
    Maintenance 10,000
    Management fee at 5.00% of GOI 50,780
    Other expenses 30,000
    Total Operating Expenses $ 198,780

    NET OPERATING INCOME (before debt service) $ 816,811

    ANNUAL DEBT SERVICE $ 670,584

    CASH FLOW
    Cash flow (after debt service) 146,227
    Cash flow (vacancy & management excluded) 228,416

    Cap Rate to Debt Coverage Cash on Cash to


    New Buyer: 9.00% Ratio: 1.22 New Buyer: 6.44%

    THE INFORMATION, PROJECTIONS AND CALCULATIONS PRESENTED IN THIS DOCUMENT ARE BELIEVED
    TO BE ACCURATE AND CORRECT BUT ARE NOT GUARANTEED.

    Copyright 1983-2006, RealData® Inc., Southport, CT http://realdata.com ALL RIGHTS RESERVED

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