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need the rent roll, DCF, and amortization as an excel sheet. Assignment You are investing in a 205 unit student housing complex that you bought
need the rent roll, DCF, and amortization as an excel sheet.
Assignment You are investing in a 205 unit student housing complex that you bought for $30,000,000 and plan to sell the property in 15 years. You financed 65% of the property by ABC Bank with a 15-year fed interest rate loan at 4.75 per year and will have to pay 2.5% in loan expenses. You have a 2 year interest only period and will have an amortization term of 30 years. You will have annual taxes of $280,000 for the next 15 years and will have taxes due on sale of 4% on the property. You hope to receive a 10% unlevered return, 14% levered return on the property before taxes, and a 9.8% levered return after taxes. The apartment has 40 units with 1 bed/1 bath, 45 units with 2 beds/1 bath, 65 units with 2 beds/2 baths, and 55 units with 4 beds/4 baths. After doing your due diligence, you project the 1/1 units to rent for $1,200/room/month, the 2/1 units to rent for $850/room/month, the 2/2 units 30 to rent for 51000/room/month, and the 4/4 units to rent for $750/room/month. Each lease will be for 12 months and you project the rent to increase by N for the first 2 years and 11 then stabilito 1.9 for the remaining years. You also expect the vacancy and collection losses to be in the first year and then decrease by 4% for each year until stable in year 12for the remaining years. Your operating expenses include basic maintenance on the property totaling 510,000/month, a property management fee of $18,000/month, anda 13 salary of 50,000/month/employee for the employees on site. You also have $85.000 of other expenses and utilities each month and your total operating expenses will grow at a 14 rate of 3 yearly. You will also have miscellaneous income of $50/room/month for a pet fee, in which you project 20% of the room total to have pets, and $100/room/month for 15 parking, in which you project 85% of the room total to need a parking spot. Because you noticed the apartment complex's external paint was chipping away when you inspected it, 16 you decide to put a fresh paint on the external buildings to become more visually appealing in year 1 costing you $20,000. You also plan to add some firepits, picnic tables, and some 37 Chaded covered areas around the pool in year 2 costing you $65,000. After 15 years when you go to sell the property, you find out that comparable properties are selling at an 18 average cap rate of 55 and that you will have selling expenses 19 20 Assignment You are investing in a 205 unit student housing complex that you bought for $30,000,000 and plan to sell the property in 15 years. You financed 65% of the property by ABC Bank with a 15-year fed interest rate loan at 4.75 per year and will have to pay 2.5% in loan expenses. You have a 2 year interest only period and will have an amortization term of 30 years. You will have annual taxes of $280,000 for the next 15 years and will have taxes due on sale of 4% on the property. You hope to receive a 10% unlevered return, 14% levered return on the property before taxes, and a 9.8% levered return after taxes. The apartment has 40 units with 1 bed/1 bath, 45 units with 2 beds/1 bath, 65 units with 2 beds/2 baths, and 55 units with 4 beds/4 baths. After doing your due diligence, you project the 1/1 units to rent for $1,200/room/month, the 2/1 units to rent for $850/room/month, the 2/2 units 30 to rent for 51000/room/month, and the 4/4 units to rent for $750/room/month. Each lease will be for 12 months and you project the rent to increase by N for the first 2 years and 11 then stabilito 1.9 for the remaining years. You also expect the vacancy and collection losses to be in the first year and then decrease by 4% for each year until stable in year 12for the remaining years. Your operating expenses include basic maintenance on the property totaling 510,000/month, a property management fee of $18,000/month, anda 13 salary of 50,000/month/employee for the employees on site. You also have $85.000 of other expenses and utilities each month and your total operating expenses will grow at a 14 rate of 3 yearly. You will also have miscellaneous income of $50/room/month for a pet fee, in which you project 20% of the room total to have pets, and $100/room/month for 15 parking, in which you project 85% of the room total to need a parking spot. Because you noticed the apartment complex's external paint was chipping away when you inspected it, 16 you decide to put a fresh paint on the external buildings to become more visually appealing in year 1 costing you $20,000. You also plan to add some firepits, picnic tables, and some 37 Chaded covered areas around the pool in year 2 costing you $65,000. After 15 years when you go to sell the property, you find out that comparable properties are selling at an 18 average cap rate of 55 and that you will have selling expenses 19 20 Step by Step Solution
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