ales Comnissin Assumptions 850,000 875,500s 901,765 928,818 956,682 085,383 Vaca

Question

ales Comnissin Assumptions 850,000 875,500s 901,765 928,818 956,682 085,383 Vacancy &Credit; Loss Gross Operating Income Property Taxes 38267 S 918.415 S 135,304 S 81,182 27492$ 35,020 36,071 $ 945.,988 138,010 82.,806 28,591 47 298.38 30,418 816,000 125,000 s 75,000 840,480 865,894$ 891,005 127 500 76,500 $ 24440 $ 130,050 78,030 25,418 79,501 Other Flxed Operating Expenses 28.434 4202400 45,920.78 s 40,800.00 s 25,000 43,284.72 44383.20 s 29,246S 319,145 599,270 S Reserves for R 28,122$ 303,822 51,872 401,329 160,843 Total Operating Expenses 544,016 $ 401,029 142,087 s 18845 526,700 401,020 125,671 580 284 401,029 s 179 256 Debt Service 1st 198,241 Cash Flows Before Taes Purchase Price Plus: Other Acquisition Costs $ Plus: Loan Origination 3,120,000N 10,000,000 50.000 70.000 7,000,000 3,120,000 Balance of 1st Mortgage Required Equity of Sale 353,828 75.000 6,331,326 Less: Other Closing Costs Loan Belance 1st Sale Proceeds

Explanation / Answer

55. Debt yield ratio:     Net operating income/ Mortgage Amount

                                     5,26,700/7,000,000    = 7.52 %

56.Equity dividend rate:   tax rate and dividend rate are not provide:

assumes that no tax obligation and 100 % pay out.    125,671 / 3,120,000   = 4 %

57. Debt coverage ratio :    Eranings available for repayment of debt/ debt service obligation

                                           526,700 / 401,0 29 = 1.31 times

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