Escolar Documentos
Profissional Documentos
Cultura Documentos
ptions
3%
5%
4%
3%
2013
Rent/SF
$ 4.80
$ 5.36
$ 5.58
$ 5.15
on
$4.65
tions
39
25.0%
39.6%
20.0%
$3,000,000
7.6%
13.3%
8.1%
5.9%
13.0%
7.8%
Pro Forma Statement
Yearly Cash Flows from Operations
5/31/2014 5/31/2015 5/31/2016
2014 2015 2016
Year 1 Year 2 Year 3
Potential Gross Income $790,638 $744,000 $744,000
Expense Reimbursement $325,000 $334,750 $344,793
(Less Vacancy) ($55,782) ($53,938) ($54,440)
Effective Gross Income 1,059,856 1,024,813 1,034,353
(Less Operating Expenses)
General OpEx (75,000) (77,250) (79,568)
RE Taxes (203,000) (209,090) (215,363)
Insurance (13,000) (13,390) (13,792)
Management Fee (34,000) (35,020) (36,071)
Total Operating Expenses (325,000) (334,750) (344,793)
Net Operating Income 734,856 690,063 689,560
(Less Structural Reserve) (32,000) (32,000) (32,000)
(Less TI) 0 0 0
(Less LC's) 0 0 0
Property Before Tax Cash Flow $702,856 $658,063 $657,560
(Less Debt Service) ($444,569) ($444,569) ($444,569)
Cash Flow After Financing $258,287 $213,493 $212,991
(Less Income Tax) (101,039) (85,505) (87,601)
Equity After Tax Cash Flow 157,248 127,988 125,390
(81,955) (84,413)
(221,824) (228,478)
(14,205) (14,632)
(37,153) (38,267)
(355,136) (365,790)
689,043 688,510
(32,000) (32,000)
0 0
0 0
$657,043 $656,510
($444,569) ($444,569)
$212,474 $211,941
(89,784) (92,059)
122,690 119,883
4 5
9,420,381
(282,611)
9,137,770
(7,018,727)
2,119,043
(70,298)
2,048,745
$5.39
5/31/2019 5/31/2020 5/31/2021
2019 2020 2021
Year 6 Year 7 Year 8
$813,125 $888,375 $915,026
$376,764 $388,067 $399,709
($59,494) ($63,822) ($65,737) *check if vacancy is calculated correctly
1,130,395 1,212,620 1,248,998
$744,000
$325,000
$1,069,000
(53,450)
$1,015,550
(325,000)
$690,550
(32,000)
$658,550
2019 2020
$813,125 $888,375
$376,764 $388,067
$1,130,395 $1,212,620
($59,494) ($63,822)
(86,946) (89,554)
(235,333) (242,393)
(15,071) (15,523)
(39,415) (40,598)
(376,764) (388,067)
753,630 824,553
(32,000) (32,000)
0 0
$721,630 $792,553
(277,712) (270,914)
(171,795) (171,795)
32,000 32,000
0 0
304,124 381,844
(120,433) (151,210)
Calculation of Tax on Sale at End of 2018 & Net Cash From Sale
Tax Cash