Property Information
4.375% Rare Creative Financing!
Sarasota, FL 34232
| Income | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Gross Rent | $38,400 | $39,552 | $40,739 | $41,961 | $43,220 | $44,516 | $45,852 | $47,227 | $48,644 | $50,103 |
| Vacancy Losses | ($3,072) | ($3,164) | ($3,259) | ($3,357) | ($3,458) | ($3,561) | ($3,668) | ($3,778) | ($3,892) | ($4,008) |
| Operating Income | $35,328 | $36,388 | $37,479 | $38,604 | $39,762 | $40,955 | $42,183 | $43,449 | $44,752 | $46,095 |
| Expenses | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Property Taxes | ($4,292) | ($4,421) | ($4,554) | ($4,690) | ($4,831) | ($4,976) | ($5,125) | ($5,279) | ($5,437) | ($5,600) |
| Insurance | ($1,590) | ($1,637) | ($1,687) | ($1,737) | ($1,789) | ($1,843) | ($1,898) | ($1,955) | ($2,014) | ($2,074) |
| Management Fees | ($2,826) | ($2,911) | ($2,998) | ($3,088) | ($3,181) | ($3,276) | ($3,375) | ($3,476) | ($3,580) | ($3,688) |
| Leasing/Advertising Fees | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Association Fees | ($900) | ($927) | ($955) | ($983) | ($1,013) | ($1,043) | ($1,075) | ($1,107) | ($1,140) | ($1,174) |
| Maintenance | ($768) | ($791) | ($815) | ($839) | ($864) | ($890) | ($917) | ($945) | ($973) | ($1,002) |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Operating Expenses | ($10,376) | ($10,687) | ($11,008) | ($11,338) | ($11,678) | ($12,029) | ($12,390) | ($12,761) | ($13,144) | ($13,538) |
| Income Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Net Operating Income | $24,952 | $25,700 | $26,471 | $27,266 | $28,084 | $28,926 | $29,794 | $30,688 | $31,608 | $32,557 |
| - Mortgage Payments | ($32,357) | ($32,357) | ($20,700) | ($20,700) | ($20,700) | ($20,700) | ($20,700) | ($20,700) | ($20,700) | ($20,700) |
| = Cash Flow | ($7,406) | ($6,657) | $5,772 | $6,566 | $7,384 | $8,226 | $9,094 | $9,988 | $10,909 | $11,857 |
| + Principal Reduction | $6,218 | $6,496 | $6,785 | $7,088 | $7,405 | $7,735 | $8,081 | $8,441 | $8,818 | $9,212 |
| + Appreciation | $31,794 | $33,702 | $35,724 | $37,867 | $40,139 | $42,548 | $45,100 | $47,806 | $50,675 | $53,715 |
| = Gross Equity Income | $30,606 | $33,540 | $48,281 | $51,521 | $54,928 | $58,509 | $62,275 | $66,236 | $70,402 | $74,784 |
| Capitalization Rate | 4.4% | 4.3% | 4.2% | 4.1% | 4.0% | 3.8% | 3.7% | 3.6% | 3.5% | 3.4% |
| Cash on Cash Return | -8.2% | -7.4% | 6.4% | 7.3% | 8.2% | 9.1% | 10.1% | 11.1% | 12.1% | 13.2% |
| Return on Equity | 26.0% | 21.3% | 15.2% | 14.2% | 13.4% | 12.7% | 12.1% | 11.6% | 11.2% | 10.8% |
| Loan Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Market Value | $561,694 | $595,396 | $631,119 | $668,987 | $709,126 | $751,673 | $796,774 | $844,580 | $895,255 | $948,970 |
| - Loan Balance | ($444,197) | ($437,701) | ($314,338) | ($307,250) | ($299,845) | ($292,110) | ($284,029) | ($275,588) | ($266,770) | ($257,558) |
| = Equity | $117,497 | $157,694 | $316,781 | $361,737 | $409,281 | $459,564 | $512,745 | $568,992 | $628,485 | $691,412 |
| Loan-to-Value Ratio | 79.1% | 73.5% | 49.8% | 45.9% | 42.3% | 38.9% | 35.6% | 32.6% | 29.8% | 27.1% |
| Potential Cash-Out Refi | $61,328 | $98,155 | $253,669 | $294,838 | $338,368 | $384,396 | $433,067 | $484,534 | $538,960 | $596,515 |
| Sale Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Equity | $117,497 | $157,694 | $316,781 | $361,737 | $409,281 | $459,564 | $512,745 | $568,992 | $628,485 | $691,412 |
| - Closing Costs | ($39,319) | ($41,678) | ($44,178) | ($46,829) | ($49,639) | ($52,617) | ($55,774) | ($59,121) | ($62,668) | ($66,428) |
| = Proceeds After Sale | $78,178 | $116,016 | $272,603 | $314,908 | $359,642 | $406,947 | $456,971 | $509,872 | $565,818 | $624,985 |
| + Cumulative Cash Flow | ($7,406) | ($14,063) | ($8,291) | ($1,725) | $5,659 | $13,886 | $22,980 | $32,968 | $43,876 | $55,733 |
| - Initial Cash Invested | ($90,083) | ($90,083) | ($90,083) | ($90,083) | ($90,083) | ($90,083) | ($90,083) | ($90,083) | ($90,083) | ($90,083) |
| = Net Profit | ($19,310) | $11,871 | $174,229 | $223,100 | $275,218 | $330,749 | $389,867 | $452,757 | $519,611 | $590,635 |
| Internal Rate of Return | -21.4% | 6.1% | 41.3% | 35.0% | 31.1% | 28.4% | 26.4% | 24.8% | 23.6% | 22.5% |
| Return on Investment | -21.4% | 13.2% | 193.4% | 247.7% | 305.5% | 367.2% | 432.8% | 502.6% | 576.8% | 655.7% |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.
