4% 30 yr amortization $1MM P&I

Purchase Price $1,500,000 $57,830

Loan Amount: $1,000,000 DCR CALCULATION

2021
Gross income $102,720
Laundry imcome
Total Income $102,720
Less: Vacancy & Collection Loss (5%) $5,136
Effective Gross Income $97,584
Less: Operating Expenses
Advertising
Cleaning and maintenance $1,000
Management $5,136
Insurance $4,733
Legal and other professional fees $1,000
Repaire $5,000
Tax and license $15,450
Utilities $3,000
Replacement reserves -
Other Expenses
Total Operating Expense 34.38% $35,319

Net Operating Income $62,265

Debt Service @ 4.00%
Total P&I $57,830
Cash Flow $4,435
Debt Coverage Ratio 1.08
Street Test
(1) Total Income remains; Interest rate up by 2 @6.00% $141,096
Total P&I($10,476.69) -$125,720
Cash Flow $15,366
Debt Coverage Ratio 1.12
(II) Total Income drop by 10% $206,544
Less: Operating Expense $88,407
Net Operating Income $118,137
Tortal P&I $103,504
Cash Flow $14,633
Debt Coverage Ratio 1.14
(III) Total Income drop by 20% 183594
Less: Operating Expense -88407
Net Operating Income 95187
Total P&I -103504

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Cash Flow -8317
Debt Coverage Ratio 0.92

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 $900,000 $850,000 $800,000 $750,000 $700,000
$52,047 $49,156 $46,264 $43,373 $40,481

DCR CALCULATION

2022 current rent roll

$100,500 $100,500 $100,500 $100,500 $100,500

$100,500 $100,500 $100,500 $100,500 $100,500

$5,025 $5,025 $5,025 $5,025 $5,025
$95,475 $95,475 $95,475 $95,475 $95,475

$1,000 $1,000 $1,000 $1,000 $1,000

$5,025 $5,025 $5,025 $5,025 $5,025
$4,733 $4,733 $4,733 $4,733 $4,733
$1,000 $1,000 $1,000 $1,000 $1,000
$5,000 $5,000 $5,000 $5,000 $5,000
$15,450 $15,450 $15,450 $15,450 $15,450
$3,000 $3,000 $3,000 $3,000 $3,000
- - - - -

$35,208 $35,208 $35,208 $35,208 $35,208

35.03% 35.03% 35.03% 35.03% 35.03%
$60,267 $60,267 $60,267 $60,267 $60,267

$52,047 $57,830 $57,830 $57,830 $57,830

$8,220 $2,437 $2,437 $2,437 $2,437
1.16 1.04 1.04 1.04 1.04

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