8/8/2019 Original Cash Flow Evaluator
1/2
CONFIDENTIAL
The Cash Flow Evaluator - Incom Inc
The Cash Flow Evaluator
Property Address
Address Thomas Apartments
4101 Thomas Ave N
City, State, Zip Minneapolis, MN 55412
Property Information
Property Type:
Residential:
Commercial:
Building Type:
Found Property:
Property Class:
Status:
Did Contact Agent & Owner and Seemed:
Property Owner Would Like:
Property Name Thomas Ave N
Property Size (Rentable Sq.Ft.) 8,020 (Units) 11
Year Built 1963
Actual Age: 47 Effective Age: 47
Unit Mix 10 - 1B1B; 1-2B1B
Property Condition Good
Parking Lot Cond. Good
Who pays utilities?
How is it heated?
Age of roof(s) 8
Age of windows Unknown
Garages ? None
Acquisition Information
Purchase Price 480,000 Price Per Square Foot
- Mortgages (enter info below) - 408,000 59.85
+ Loan Points ( ) + Price Per Unit+ Acquisition Costs + 11,000
43,636.36
= Initial Investment = 83,000
Financing Information / Assumptions
Initial Periodic # Payments Interest Amort. Loan
Loan Payment Per Year Rate Period (Yrs) Term (Yrs)
1st 360,000 2,060.71 12 4.790% 25 3
2nd 48,000 274.76 12 4.790% 25 3
3rd
Gross Potential Rental Income Calculator (If GPRI already known,
enter here: )
Office/Retail/Warehouse Apartments # Units Monthly Rent Annual
Rent
1/1 10 630 75,600
Rentable Square Feet 2/1 1 785 9,420
2/2 0
Ave Annual Rent/Sq.Ft. 3/1 0
Annual Total: Total Units: 11 Total Rent: 85,020
Down Payment Goal:(check ALL that apply)
Financing Goal:(check ALL that apply)
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Big Box Power Center
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Mid-Rise (7 - 25stories)
High-Rise (25+stories)
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PartnerTraditionalMortgage
Grants
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Broker/Agent Ad
Drive-ByReferral
Me from Ad or Other
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A B C D
R&D
8/8/2019 Original Cash Flow Evaluator
2/2
CONFIDENTIAL
The Cash Flow Evaluator - Incom Inc
The Cash Flow Evaluator
Income / Expense Analysis
ALL FIGURES ANNUAL $ Total $ / Sq.Ft. $ / Unit % GOI % Op Exp
Comments
1 GROSS POTENTIAL RENTAL INCOME 85,020 10.60 7,729.092 - Vacancy
& Credit Loss ( 5% %) 4,251 0.53 386.45
3 - Other Income (affected by vacancy)
4 = EFFECTIVE RENTAL INCOME 80,769 10.07 7,342.64
5 + Other Income (NOT affected by vacancy) 1,000 0.12 90.91
6 = GROSS OPERATING INCOME 81,769 10.20 7,433.55
OPERATING EXPENSES
7 Real Estate Taxes 9,000 1.12 818.18 11.0% # 20.2%
8 Personal Property Taxes
9 Property Insurance 4,000 0.50 363.64 4.9% 9.0%
10 Management 1,700 0.21 154.55 2.1% 3.8%
11 Payroll
12 Expenses / Benefits ( %)
13 Taxes / Worker's Comp ( %)14 Repairs and Maintenance:
Materials 1,500 0.19 136.36 1.8% 3.4%
15 Labor 5,000 0.62 454.55 6.1% 11.2%
16 Utilities: Phone 600 0.07 54.55 0.7% 1.3%
17 Gas 5,000 0.62 454.55 6.1% 11.2%
18 Electric 700 0.09 63.64 0.9% 1.6%
19 Water 5,000 0.62 454.55 6.1% 11.2%
20 Sewer 5,000 0.62 454.55 6.1% 11.2%
21 Accounting and Legal
22 Licenses / Permits 500 0.06 45.45 0.6% 1.1%
23 Advertising 500 0.06 45.45 0.6% 1.1%
24 Supplies 500 0.06 45.45 0.6% 1.1%
25 Contract Services: Trash 3,000 0.37 272.73 3.7% 6.7% "What
If..."
26 Lawn care 500 0.06 45.45 0.6% 1.1% Cap Rate is:
27 Landscaping 10.0%28 Snow removal 1,000 0.12 90.91 1.2% 2.2%
Value is:
29 Other/Misc: 1,000 0.12 90.91 1.2% 2.2% 372,690
30 TOTAL OPERATING EXPENSES 44,500 5.55 4,045.45 54.4% 100.0%
Sale Cash Out (pre-tax)
(35,310)
31 NET OPERATING INCOME 37,269 4.65 3,388.09 DCR - BANK CAP Rate
Re-Fi %
32 - Annual Debt Service 28,026 3.49 2,547.79 1.507 7.8%
33 - Funded Reserves Re-Fi Proceeds
34 - Leasing Commissions DCR - INV
35 - Capital Additions 1.330 Re-Fi Cash Out
36 = CASH FLOW BEFORE TAXES 9,243 1.15 840.30
ADDITIONAL NOTES
Copyright 2007, 2008, 2009 The Cash Flow Evaluator by Global
Success Strategies, Inc. All rights reserved.
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