Find: 1. Value of property at 7% CAP rate 2. Purchase cost of property based on debt
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1. Value of property at 7% CAP rate
2. Purchase cost of property based on debt service amount, assuming 80% LTV, 25 year fixed at 5.5%
3. Cash on Cash.
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Cash Flow Subject Property 2 Find: 1. Value of property at 7% Cap Rate 2. Purchase cost of property based on Debt Service amount, assuming 80% LTV, 25 year fixed at 5.5% 3. Cash on cash 4. Which Expenses may be missing? Account Name Operating Income & Expense Income Rent Pet Rent NSF Fees Collected Application Fee Income Laundry Income Non refundable Pet Fee Late Fee Administrative Fee Amenities Flat Utility Rate Total Operating Income Expense Inspection Pest Control HVAC (Heat, Ventilation, Air) Janitorial Expense Management Fees General Property Maintenance Expense Lock Replacement Maintenance expense General Repair-Projects Carpet Cleaning Grounds keeping Snow Removal Lawn Mowing Maintenance Expenses General Labor Maintenance Labor-Overtime Turnover Expenses Total General Property Maintenance Expense Insurance Property Electricity Gas Water Garbage and Recycling Plumbing Electric Selected Period % of Selected Period 625,222.35 575.00 50.00 224.93 1,319.06 -500.00 837.00 1,590.00 330 00 12,840.50 645,489.64 82.16 297.00 60.00 1,269.92 72.50 -150.00 8,764.87 630.91 343.00 2,108.86 135.00 630.00 12.111.18 45.00 150.00 112.24 24,791.06 37,923.15 5,859 45 25.270.18 26,142.24 6.905.64 1,51384 348.75 97.32 0.09 0.01 0.03 0.20 -0.00 0.13 0.25 0.05 1.99 100.00 0.01 0.05 0.01 0.51 0.01 -0.02 1.36 0.10 0.05 0.33 0.02 0.10 1.88 001 0.02 0.02 1.84 5.88 0.91 3.91 4.05 107 0.23 0.05 Fiscal Year To Date 628.222.35 575.00 50.00 224.93 1.319.56 -500.00 837.00 1,590.00 330.00 12,840.50 645,489.64 82.16 297.00 60.00 3,269.92 72.50 -150.00 8,7648 630.91 343.00 2,108.86 135.00 630.00 12.111.18 45.00 150.00 112.24 24,791.06 37,923.15 5,859.45 25,270.18 21,142.24 4305.84 1.513.84 348.75 % of Fiscal Year To Date 97.32 0.09 0.01 0.03 0.20 -0.00 0.13 0.25 0.05 1.99 100.00 0.01 0.05 0.01 0.51 0.01 -0.02 1.36 0.50 0.05 0.33 002 0.10 1.88 -0.01 0.02 0.02 3.84 5.88 0.91 3.91 4.05 1.07 0.23 0.05 Page 1 Cash Flow Subject Property 2 Find: 1. Value of property at 7% Cap Rate 2. Purchase cost of property based on Debt Service amount, assuming 80% LTV, 25 year fixed at 5.5% 3. Cash on cash 4. Which Expenses may be missing? Account Name Operating Income & Expense Income Rent Pet Rent NSF Fees Collected Application Fee Income Laundry Income Non refundable Pet Fee Late Fee Administrative Fee Amenities Flat Utility Rate Total Operating Income Expense Inspection Pest Control HVAC (Heat, Ventilation, Air) Janitorial Expense Management Fees General Property Maintenance Expense Lock Replacement Maintenance expense General Repair-Projects Carpet Cleaning Grounds keeping Snow Removal Lawn Mowing Maintenance Expenses General Labor Maintenance Labor-Overtime Turnover Expenses Total General Property Maintenance Expense Insurance Property Electricity Gas Water Garbage and Recycling Plumbing Electric Selected Period % of Selected Period 625,222.35 575.00 50.00 224.93 1,319.06 -500.00 837.00 1,590.00 330 00 12,840.50 645,489.64 82.16 297.00 60.00 1,269.92 72.50 -150.00 8,764.87 630.91 343.00 2,108.86 135.00 630.00 12.111.18 45.00 150.00 112.24 24,791.06 37,923.15 5,859 45 25.270.18 26,142.24 6.905.64 1,51384 348.75 97.32 0.09 0.01 0.03 0.20 -0.00 0.13 0.25 0.05 1.99 100.00 0.01 0.05 0.01 0.51 0.01 -0.02 1.36 0.10 0.05 0.33 0.02 0.10 1.88 001 0.02 0.02 1.84 5.88 0.91 3.91 4.05 107 0.23 0.05 Fiscal Year To Date 628.222.35 575.00 50.00 224.93 1.319.56 -500.00 837.00 1,590.00 330.00 12,840.50 645,489.64 82.16 297.00 60.00 3,269.92 72.50 -150.00 8,7648 630.91 343.00 2,108.86 135.00 630.00 12.111.18 45.00 150.00 112.24 24,791.06 37,923.15 5,859.45 25,270.18 21,142.24 4305.84 1.513.84 348.75 % of Fiscal Year To Date 97.32 0.09 0.01 0.03 0.20 -0.00 0.13 0.25 0.05 1.99 100.00 0.01 0.05 0.01 0.51 0.01 -0.02 1.36 0.50 0.05 0.33 002 0.10 1.88 -0.01 0.02 0.02 3.84 5.88 0.91 3.91 4.05 1.07 0.23 0.05 Page 1
Expert Answer:
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Value of property at 7 CAP rate Net Operating Income NOI 15006592 Property Value NOI CAP Rate Property Value 15006592 007 Property Value 214379886 Pur... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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