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43 Assume that youve decided to sell the Apartments. Calculate the Net Sales Proceeds given the following: Purchase Price: $7,000,000 Tenant Improvements: $232,010 Capital Improvements:

43 Assume that youve decided to sell the Apartments. Calculate the Net Sales Proceeds given the following:

  • Purchase Price: $7,000,000
  • Tenant Improvements: $232,010
  • Capital Improvements: $488,349
  • Accumulated Deprecation: $1,811,210
  • Sale Year Adjusted NOI: $812,473
  • Sale Year Outstanding Mortgage Balance: $5,123,115
  • Sale Year Capitalization Rate: 7.75%
  • Selling Costs % Gross Sales Price: 2.00%
  • Accumulated Depreciation Tax Rate: 25.00%
  • Capital Gains Tax Rate: 15.00%

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Winning The Losers Game Timeless Strategies For Successful Investing

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