mill-1 - Square Footage Cost Per Sq Ft Potential Gross...

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Square Footage 336,094.00 Cost Per Sq Ft $0.83 Potential Gross Income $278,958.02 PGI Annually $3,347,496.24 (Vacancy 7%) $(234,324.74) Marginal Income Garages $144,000.00 Carports $23,520.00 Other $42,336.00 $209,856.00 Effective Gross Income $3,323,027.50 (Operating Expenses) Fixed Expenses Administrative $26,888.00 Marketing $40,331.00 Salaries $255,431.00 Taxes $477,253.00 Insurance $33,609.00 Management $134,438.00 Variable Expenses Repairs/Maintenance $134,438.00 Utilities $107,550.00 $(1,209,938.00) (Capital Expenditures) Structural Reserve $33,609.00 Replacement Reserve $78,000.00 $(111,609.00) Net Operating Income (Cash Flow Before Financing) $2,001,480.50 (Financing) 8.5% Interest Rate $(1,519,024.00) Before Tax Cash Flow (Cash Flow After Financing) $482,456.50 Before Tax Cash on Cash Return BTCF/Initial Investment 3% Debt Coverage Ratio 1.26 NOI/Debt Service @ 9% $2,001,480.50 $1,582,557.00 Cash Flow After Taxes $2,845,774.50 8% Cap Rate 9% Cap Rate Property Value Property Value
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mill-1 - Square Footage Cost Per Sq Ft Potential Gross...

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