Professional Documents
Culture Documents
Building Data
Unit Type (br/ba) # of Units Avg Rent /Mo Total Annual Rent
1 br / 1 ba 15 $750 $135,000
2 br / 2 ba 30 $1,000 $360,000
3 br / 2 ba 45 $1,250 $675,000
3 br / 3 ba 60 $1,500 $1,080,000
Totals: 150 $1,250 $2,250,000
Financing Data
Loan Interest Rate 5.00%
Loan Amortization (years) 30
LTV 70%
DSCR 1.25
Loan Amount (LTV) $ 12,600,000
Loan Amount (DSCR) $ 12,742,656
Maximum Loan Amount $ 12,600,000
Initial Equity $ 5,400,000
Monthly Debt Service $67,640
Annual Debt Service $811,674
ariable Rates
Year 4 Year 5 Year 6
5.00% 5.00% 5.00%
2.00% 2.00% 2.00%
2.00% 2.00% 2.00%
2.00% 2.00% 2.00%
Proforma
Year 1 Year 2 Year 3 Year 4
Potential Rental Income $2,250,000 $2,362,500 $2,409,750 $2,457,945
Total Other Income $90,000 $92,700 $94,554 $96,445
Potential Gross Income $2,340,000 $2,455,200 $2,504,304 $2,554,390
Vacancy & Credit Loss -$234,000 -$196,416 -$125,215 -$127,720
Effective Gross Income $2,106,000 $2,258,784 $2,379,089 $2,426,671
Operating Expenses $1,079,920 $1,101,518 $1,123,549 $1,146,020
Net Operating Income $1,026,080 $1,157,266 $1,255,540 $1,280,651
Operating Margin 48.7% 51.2% 52.8% 52.8%
Debt Service $811,674 $811,674 $811,674 $811,674
Cash Flow Before Tax $214,406 $345,591 $443,866 $468,977
$21,771,064
$653,132
$11,570,420
$9,547,512