The Opportunity Evaluator™
 
Physical Property Information Acquisition Information
Type of Property Apartment buildings Purchase Price           2,300,000   Price Per Square Foot  
Property Name Bevan - Mortgages (enter info below)   -   1,725,000   45.49  
Address 1575-1595 Bevan Rd + Loan Points (   ) +       Price Per Unit  
      + Acquisition Costs   +       29,487.18  
City, State, Zip Whitehall, Pa.  = Initial Investment   =   575,000    
Property Size      (Rentable Sq.Ft.) 50,556 (Units) 78 Financing Information / Assumptions
Year Built 1950           Initial   Periodic   # Payments   Interest   Amort.   Loan  
  Actual Age 55     Effective Age 55   Loan   Payment   Per Year   Rate   Period (Yrs)   Term (Yrs)  
Unit Mix   1st 1,725,000   12,358.44   12   6.000%   20   20  
      2nd                        
      3rd                        
Property Condition   Gross Potential Rental Income Calculator       (If GPRI already known, enter here:     )
Parking Lot Cond.   Office/Retail/Warehouse   Apartments   # Units   Monthly Rent   Annual Rent  
Who pays utilities? Tenants pay electric Rentable Square Feet   Eff   17   395   80,580  
How is it heated? Gas           1/1   41   495   243,540  
Age of roof(s) Mixed Average Annual Rent/Sq.Ft.   2/1   19   595   135,660  
Age of windows             3/1   1   600   7,200  
Garages ? 30 Garages   Annual Total:       Total Units:   78   Total Rent:   466,980  
Income / Expense Analysis                                      
 
  ALL FIGURES ANNUAL  $ Total   $ / Sq.Ft.   $ / Unit   % GOI   % Op Exp   Comments      
1 GROSS POTENTIAL RENTAL INCOME 466,980   9.24   5,986.92            
2   - Vacancy & Credit Loss ( 5% %) 23,349   0.46   299.35            
3   - Other Income (affected by vacancy)                        
4 = EFFECTIVE RENTAL INCOME   443,631   8.78   5,687.58            
5   + Other Income (NOT affected by vacancy) 37,200   0.74   476.92            
6 = GROSS OPERATING INCOME   480,831   9.51   6,164.50            
                                 
        OPERATING EXPENSES                        
7 Real Estate Taxes       29,693   0.59   380.68   6.2%   13.8%    
8 Personal Property Taxes       0   0.00   0.00   0.0%   0.0%    
9 Property Insurance       13,535   0.27   173.53   2.8%   6.3%    
10 Management         22,749   0.45   291.65   4.7%   10.6%    
11 Payroll         0   0.00   0.00   0.0%   0.0%    
12     Expenses / Benefits (   %)                      
13     Taxes / Worker's Comp (   %)                      
14 Repairs and Maintenance: Materials   33,566   0.66   430.33   7.0%   15.6%    
15     Labor                              
16 Utilities: Phone                            
17     Gas         44,516   0.88   570.72   9.3%   20.7%    
18     Electric         18,983   0.38   243.37   3.9%   8.8%    
19     Water         34,067   0.67   436.76   7.1%   15.9%    
20     Sewer         7,400   0.15   94.87   1.5%   3.4%    
21 Accounting and Legal                            
22 Licenses / Permits                            
23 Advertising                              
24 Supplies         0   0.00   0.00       0.0%    
25 Contract Services:  Trash                           "What If..."
26     Lawn care                             Cap Rate is:
27     Landscaping       3,351   0.07   42.96   0.7%   1.6%   8.0%
28     Snow removal       4,137   0.08   53.04   0.9%   1.9%   Value is:
29 Other/Misc: security   2,700   0.05   34.62   0.6%   1.3%   3,326,675
30 TOTAL OPERATING EXPENSES   214,697   4.25   2,752.53   44.7%   100.0%   Sale Cash Out (pre-tax)
                                1,601,675
31 NET OPERATING INCOME   266,134   5.26   3,411.97   DCR - BANK   CAP Rate   Re-Fi %
32   - Annual Debt Service       148,301   2.93   1,901.30   1.795   11.6%    
33   - Funded Reserves                           Re-Fi Proceeds
34   - Leasing Commissions                   DCR - INV        
35   - Capital Additions                   1.795       Re-Fi Cash Out
36 = CASH FLOW BEFORE TAXES   117,833   2.33   1,510.68            
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