Development Calculators

Property Details

Purchase Price ($)

Leasable SQFT (#)

Lease rate ($/SQFT/year)

Total Building Repair ($)

All in costs

92,750,000

Price per SQFT

20,163

Down Payment (%)

Interest Rate (%)

Duration of loan (years)

Tax rate (%)

Choose a Lease Type

1. Income

%

Month

Annual

Rental Income ($)

100%

82,800

993,600

Laundry Income($)

0%

0

Storage Income($)

0%

0

Parking Income($)

0%

0

Other Income($)

0%

0

-

-

-

-

-

-

-

-

-

-

Total Income

82,800

993,600

2. Expenses

%

Month

Annual

Property Tax (%)

127,531

1,530,375

Insurance (%)

2,401

28,814

Utilities: Water/Sewer (%)

3,643

43,718

Utilities: Garbage (%)

3,312

39,744

Utilities: Electric (%)

4,388

52,661

Utilities: Gas (%)

828

9,936

HOA Fees (%)

0

0

Lawn and Snow (%)

952

11,426

Vacancy (%)

4,140

49,680

Repairs (%)

2,484

29,808

Capital Expenditures (%)

3,643

43,718

Property Management

6,624

79,488

Operating Expenses

193%

159,947

1,919,369

Net Operating Income

-93%

-77,147

-925,769

Morgage Payment

635%

525,426

6,305,107

Total Monthly Expenses

685,373

8,224,476

3. Cash Flow

Month

Annual

Total Monthly Income

82,800

993,600

Operating Expenses

159,947

1,919,369

Morgage

525,426

6,305,107

Total Monthly Cashflow Before Taxes

-602,573

-7,230,876

Taxes owed

-210,901

-2,530,807

Total Monthly Cashflow

-391,672

-4,700,070

4. Metrics and Analytics

Annual Net Operating Income (NOI)

-925,769

Cap Rate

-1.0%

Cash On Cash Return (COC)

-20.3%

Debt Service Coverage Ratio (DSCR)

-0.1X

Gross Rent Multiplier (GRM)

93.3X

Total Equity

23,187,500

Loan Amount

69,562,500

Loan Constant

9.1%

Loan to value (LTV)

9275.0%

Loan to cost (LTC)

75.0%

Breakeven Loan Value

-10,213,758

Return on Equity (ROE)

-20.3%

Annual Debt Service

6,305,107