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What are the sales price, sales expense, sales proceeds, principal balance, and reversion cash flow? Purchase Price 2,000,000 Renovation 1,000,000 Total Project Costs $3,000,000 Total

What are the sales price, sales expense, sales proceeds, principal balance, and reversion cash flow?

Purchase Price 2,000,000

Renovation

1,000,000
Total Project Costs $3,000,000
Total Units 12
Avg SF / Unit 1,000
Leasable SF 12,000
Operating Assumptions
Rent ($/LSF) $1.94
Annual Rent Growth 3.0%
General Vacancy 6.0%
Operating Expenses ($/GSF)
Annual Expense per unit $6,500
Monthly Op Expense/ Unit $6,500
Total Annual Operating Expenses
Annual Expense Growth 2.0%
Financing Assumptions
Loan to Cost 75.0%
Interest Rate 5.0%
Amortization 25 years
Loan Amount 2,250,000
Equity Amount 750,000
Monthly Debt Service
Annual Debt Service
Exit Assumptions
Terminal Cap Rate 6.5%
Holding Period 5 years
Sales Expense 3.0%
Desired Leveraged IRR 15%

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