| 6 Unit Hamilton |
|
| September 4, 2008 |
|
|
|
| Purchase price |
$325,000 |
| Cap Rate |
8.04% |
| Closing costs |
$14,462 |
| Mortgage @ 75% |
$243,750 |
| VTB @ 10% |
$32,500 |
| Capital required |
$63,212 |
|
|
| Monthy totals |
|
| Income |
$3,750.00 |
| Effective Income |
$3,562.50 |
| Expenses |
$1,571.75 |
| First Mortgage |
$1,533.54 |
| VTB |
$189.02 |
| ROI Cash |
$268.19 |
|
|
| Annual totals |
|
| Income |
$45,000 |
| Expenses |
$18,861 |
| First Mortgage |
$18,402 |
| VTB |
$2,268 |
| Annual ROI Cash |
$5,468 |
| Principal recapture |
$5,178 |
| Appreciatation |
$6,500 |
| Annual ROI $ |
$17,146 |
| ROI % |
27.12% |
|
|
| Partnership share first year |
|
| Annual ROI $ |
$8,573 |
| ROI % |
13.56% |
|
|
| 5 Year forecast |
|
| Income |
$238,865 |
| Expenses |
$100,116 |
| First Mortgage |
$92,012 |
| Second Mortgage |
$11,341 |
| ROI Cash |
$35,395 |
| Principal recapture |
$29,069 |
| Appreciatation |
$34,503 |
| ROI $ |
$98,967 |
| Annualized ROI % |
31.31% |
|
|
| Partnership share |
|
| ROI $ |
$49,483.68 |
| Annualized ROI % |
15.66% |
