| Purchase Price | $1,550,000 |
|
| price per sq ft | $102.46 | |
| Loan amount (80% Itv) | $1,240,000 | |
| P & I at 7.25%, 25 yr | $8,967 | |
| Down payment | $310,000 |
|
Income |
Leaseable sq. ft. |
Projected Monthly |
Projected Annual |
$/sqft | |
| Suite 050 | 2,337 | $ 2,000 | $ 24,000 | $ 10.27 | |
| Suite 070 | 1,100 | $ 925 | $ 11,100 | $ 10.09 | |
| Suite 090 | 757 | $ 635 | $ 7,620 | $ 10.07 | |
| Suite 150 | 2,076 | $ 2,250 | $ 27,000 | $ 13.01 | |
| Suite 100 | 1,591 | $ 1,750 | $ 21,000 | $ 13.20 | |
| Suite 200 | 4,481 | $ 5,250 | $ 63,000 | $ 14.06 | |
| Suite 300 | 2,786 | $ 3,250 | $ 39,000 | $ 14.00 | |
| total | 15,128 | ||||
|
Projected Monthly |
Projected Annual |
||||
| Gross Rental Income | $ 16,060 | $ 192,720 | |||
|
|
|||||
| less: credit, vacancy loss 5% | $ 803 | $ 9,636 | |||
|
|
|||||
| Gross Effective Income | $ 15,257 | $ 183,084 | |||
|
|
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| Expenses: | |||||
| Taxes | $ 10,627 | ||||
| Insurance | $ 2,631 | ||||
| Building Maintenance | $ 6,088 | ||||
| Utilities | $ 7,388 | ||||
| Elevator | $ 3,356 | ||||
|
subtotal of expenses |
$ 30,090 | ||||
|
|
|||||
| Net Operating Income | $ 162,630 | ||||
|
|
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| Capitalization Rate | 11.81% | ||||
|
|
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| Debt Service | |||||
| (1st mortgage principal & Interest) | $8,967 | $ 107,598 | |||
|
|
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| Net Cash Flow After Debt | $ 55,032 | ||||
|
|
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| Cash on cash return (projected) | 18% | ||||
|
The
information herein has been obtained from public sources and should be
verified as to its accuracy. |
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