RealNex Investment Analysis Software · 1022 Monterey Street | San Antonio, TX 78207 Antun T Domit...
Transcript of RealNex Investment Analysis Software · 1022 Monterey Street | San Antonio, TX 78207 Antun T Domit...
3 Properties
ANTUN DOMITTANIA VALENCIA
2102413260
Antun T [email protected]
, http://www.domitrealestate.com
PROPERTY HIGHLIGHTS
58 UNITS ●
3 LOCATIONS SAN ANTONIO TX ●
GARDEN STYLE●
GRANADA APARTMENTS●
MONTEREY APARTMENTS ●
SIERRA MADRE APARTMENTS ●
Antun T DomitPresident
+12102372200
The calculations and data presented are deemed to be accurate, but not guaranteed. They are intended for the purpose of illustrative projections and analysis. The informationprovided is not intended to replace or serve as substitute for any legal, accounting, investment, real estate, tax or other professional advice, consultation or service. The user of thissoftware should consult with a professional in the respective legal, accounting, tax or other professional area before making any decisions.
TABLE OF CONTENTSExecutive Summary 3
Unit Mix Report 4
Unit Rent Roll 5
Cash Flow Analysis 6
Cash In Cash Out 7
Detailed General Expenses 8
Investment Return Analysis 9
Cumulative Analysis 10
Loan Analysis 11
Financial Indicators 12
Equity vs. Debt 13
Cumulative Wealth Analysis 14
Operating Income Analysis 15
Location Map 16
Aerial Map 17
Regional Map 18
Demographics 19
Demographics 20
EXECUTIVE SUMMARYSierra Madre Granada Monterrey 1022 Monterey Street | San Antonio, TX 78207
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ACQUISITION COSTS
Purchase Price, Points and Closing Costs $6,098,560
Investment Cash $1,322,560
First Loan $4,856,000
INVESTMENT INFORMATION
Purchase Price $5,990,000
Price per Unit $103,276
Price per Sq. Ft. $149.38
Income per Unit $10,725
Expenses per Unit ($3,166)
INCOME, EXPENSES & CASH FLOW
GROSS SCHEDULED INCOME $622,044
Total Vacancy and Credits ($29,784)
Operating Expenses ($183,608)
NET OPERATING INCOME $408,652
Debt Service ($288,371)
CASH FLOW BEFORE TAXES $120,281
FINANCIAL INDICATORS
Cash on Cash Return Before Taxes 9.09%
Debt Coverage Ratio 1.42
Capitalization Rate 6.82%
Gross Rent Multiplier 9.63
Gross Income / Square Feet $15.51
Gross Expenses / Square Feet ($4.58)
Operating Expense Ratio 31.00%
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UNIT MIX REPORTSierra Madre Granada Monterrey 1022 Monterey Street | San Antonio, TX 78207
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Units Type Approx. SqFt Avg. Rents Monthly Mkt Rents Monthly
26 2+1 707 $850 $22,100 $850 $22,100
9 2+1 707 $800 $7,200 $800 $7,200
3 1+1 480 $700 $2,100 $700 $2,100
2 2+1 707 $900 $1,800 $900 $1,800
1 2+1 707 $902 $902 $902 $902
1 2+1 707 $999 $999 $999 $999
1 2+1 707 $912 $912 $912 $912
1 2+1 707 $960 $960 $960 $960
1 2+1 707 $848 $848 $848 $848
1 2+1 707 $993 $993 $993 $993
1 2+1 707 $943 $943 $943 $943
1 2+1 707 $912 $912 $912 $912
1 2+1 707 $843 $843 $843 $843
1 2+1 707 $1,026 $1,026 $1,026 $1,026
1 2+1 707 $1,020 $1,020 $1,020 $1,020
1 2+1 707 $875 $875 $875 $875
1 2+1 707 $950 $950 $950 $950
1 2+1 707 $885 $885 $885 $885
1 2+1 707 $956 $956 $956 $956
1 2+1 707 $750 $750 $750 $750
1 1+1 480 $716 $716 $716 $716
1 2+1 707 $950 $950 $950 $950
58 40,098 $49,640 $49,640
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UNIT RENT ROLLSierra Madre Granada Monterrey 1022 Monterey Street | San Antonio, TX 78207
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Unit Description Comments
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CASH FLOW ANALYSISSierra Madre Granada Monterrey 1022 Monterey Street | San Antonio, TX 78207
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Description Year 1 Year 2 Year 3 Year 4 Year 5
GROSS SCHEDULED INCOME $622,044 $640,705 $659,926 $679,724 $700,116
Turnover Vacancy ($29,784) ($30,678) ($31,598) ($32,546) ($33,522)
Total Operating Expenses ($183,608) ($189,116) ($194,789) ($200,633) ($206,652)
NET OPERATING INCOME $408,652 $420,912 $433,539 $446,545 $459,942
Loan Payment ($288,371) ($288,371) ($288,371) ($288,371) ($288,371)
NET CASH FLOW (b/t) $120,281 $132,540 $145,168 $158,174 $171,570
Cash On Cash Return b/t 9.09% 10.02% 10.98% 11.96% 12.97%
* b/t = before taxes; a/t = after taxes
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CASH IN CASH OUTSierra Madre Granada Monterrey 1022 Monterey Street | San Antonio, TX 78207
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Description Year 1 Year 2 Year 3 Year 4 Year 5
Income
Rental Income $595,680 $613,550 $631,957 $650,916 $670,443
Other Income $26,364 $27,155 $27,970 $28,809 $29,673
GROSS SCHEDULED INCOME $622,044 $640,705 $659,926 $679,724 $700,116
Turnover Vacancy ($29,784) ($30,678) ($31,598) ($32,546) ($33,522)
GROSS OPERATING INCOME $592,260 $610,028 $628,329 $647,178 $666,594
Expenses
Property Management Fee ($37,323) ($38,442) ($39,596) ($40,783) ($42,007)
Accounting ($8,077) ($8,319) ($8,569) ($8,826) ($9,091)
Advertising ($2,400) ($2,472) ($2,546) ($2,623) ($2,701)
Building Insurance ($14,480) ($14,914) ($15,362) ($15,823) ($16,297)
General Supplies ($228) ($235) ($242) ($249) ($257)
Pest Control ($2,669) ($2,749) ($2,832) ($2,916) ($3,004)
Maintenance ($18,272) ($18,820) ($19,385) ($19,966) ($20,565)
Dues and Subscriptions ($472) ($486) ($501) ($516) ($531)
Taxes Real Estate ($66,016) ($67,996) ($70,036) ($72,137) ($74,302)
Utilities ($30,287) ($31,196) ($32,131) ($33,095) ($34,088)
Telephone ($720) ($742) ($764) ($787) ($810)
Fire Sprinkler Alarm ($2,664) ($2,744) ($2,826) ($2,911) ($2,998)
TOTAL OPERATING EXPENSES ($183,608) ($189,116) ($194,789) ($200,633) ($206,652)
NET OPERATING INCOME $408,652 $420,912 $433,539 $446,545 $459,942
Debt Service
Loan Interest ($207,221) ($203,662) ($199,947) ($196,069) ($192,021)
Principal Payments ($81,150) ($84,710) ($88,425) ($92,303) ($96,351)
NET CASH FLOW (b/t) $120,281 $132,540 $145,168 $158,174 $171,570
Cash Flow IRR N/A N/A N/A N/A N/A
Projected Property Value $8,173,047 $8,418,239 $8,670,786 $8,930,909 $9,198,837
Resale Expenses ($245,191) ($252,547) ($260,124) ($267,927) ($275,965)
Proceeds b/f Debt Payoff $7,927,856 $8,165,691 $8,410,662 $8,662,982 $8,922,872
Loan Principal Balance ($4,774,850) ($4,690,140) ($4,601,715) ($4,509,413) ($4,413,062)
Net Proceeds From Sale $3,153,006 $3,475,551 $3,808,947 $4,153,569 $4,509,810
Net Resale IRR N/A 69.78% 49.52% 40.18% 34.77%
* Cash Flow IRR based upon net cash flow and principal payments
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DETAILED GENERAL EXPENSESSierra Madre Granada Monterrey 1022 Monterey Street | San Antonio, TX 78207
Antun T [email protected]
Description Year 1 Year 2 Year 3 Year 4 Year 5
Total Expenses ($183,608) ($189,116) ($194,789) ($200,633) ($206,652)
Property Management Fee ($37,323) ($38,442) ($39,596) ($40,783) ($42,007)
Accounting ($8,077) ($8,319) ($8,569) ($8,826) ($9,091)
Advertising ($2,400) ($2,472) ($2,546) ($2,623) ($2,701)
Building Insurance ($14,480) ($14,914) ($15,362) ($15,823) ($16,297)
General Supplies ($228) ($235) ($242) ($249) ($257)
Pest Control ($2,669) ($2,749) ($2,832) ($2,916) ($3,004)
Maintenance ($18,272) ($18,820) ($19,385) ($19,966) ($20,565)
Dues and Subscriptions ($472) ($486) ($501) ($516) ($531)
Taxes Real Estate ($66,016) ($67,996) ($70,036) ($72,137) ($74,302)
Utilities ($30,287) ($31,196) ($32,131) ($33,095) ($34,088)
Telephone ($720) ($742) ($764) ($787) ($810)
Fire Sprinkler Alarm ($2,664) ($2,744) ($2,826) ($2,911) ($2,998)
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INVESTMENT RETURN ANALYSISSierra Madre Granada Monterrey 1022 Monterey Street | San Antonio, TX 78207
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Description Year 1 Year 2 Year 3 Year 4 Year 5
Cash Flow To Date $120,281 $252,821 $397,989 $556,163 $727,733
Net Resale Proceeds $3,153,006 $3,475,551 $3,808,947 $4,153,569 $4,509,810
Invested Capital ($1,322,560) ($1,322,560) ($1,322,560) ($1,322,560) ($1,322,560)
Net Return on Investment $1,950,727 $2,405,813 $2,884,376 $3,387,173 $3,914,983
Internal Rate of Return N/A 69.78% 49.52% 40.18% 34.77%
Modified IRR 147.50% 67.90% 47.07% 37.37% 31.69%
NPV (cash flow + reversion) $1,950,727 $2,405,813 $2,884,376 $3,387,173 $3,914,983
PV (NOI + reversion) $8,336,508 $8,995,256 $9,673,766 $10,372,631 $11,092,462
* a/t = after taxes; Modified IRR = Modified Internal Rate of Return; PV = Present Value; NPV = Net Present Value; NOI
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CUMULATIVE ANALYSISSierra Madre Granada Monterrey 1022 Monterey Street | San Antonio, TX 78207
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Description Year 1 Year 2 Year 3 Year 4 Year 5
Equity (appreciation) $2,183,047 $2,428,239 $2,680,786 $2,940,909 $3,208,837
Equity (loan reduction) $81,150 $165,860 $254,285 $346,587 $442,938
CASH FLOW (a/t) $120,281 $252,821 $397,989 $556,163 $727,733
Totals To Date $2,384,479 $2,846,920 $3,333,059 $3,843,660 $4,379,508
Invested Capital ($1,322,560) ($1,322,560) ($1,322,560) ($1,322,560) ($1,322,560)
ROIC To Date 180.29% 215.26% 252.02% 290.62% 331.14%
* a/t = after taxes; ROIC = Return On Invested Capital
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LOAN ANALYSISSierra Madre Granada Monterrey 1022 Monterey Street | San Antonio, TX 78207
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Description Year 1 Year 2 Year 3 Year 4 Year 5
LOAN 1
Debt Service Analysis
Principal Payments $81,150 $84,710 $88,425 $92,303 $96,351
Interest Payments $207,221 $203,662 $199,947 $196,069 $192,021
Total Debt Service $288,371 $288,371 $288,371 $288,371 $288,371
Principal Balance Analysis
Beginning Principal Balance $4,856,000 $4,774,850 $4,690,140 $4,601,715 $4,509,413
Principal Reductions $81,150 $84,710 $88,425 $92,303 $96,351
Ending Principal Balance $4,774,850 $4,690,140 $4,601,715 $4,509,413 $4,413,062
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FINANCIAL INDICATORSSierra Madre Granada Monterrey 1022 Monterey Street | San Antonio, TX 78207
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Description Year 1 Year 2 Year 3 Year 4 Year 5
Gross Rent Multiplier 13.14 13.14 13.14 13.14 13.14
Capitalization Rate 6.82% 7.03% 7.24% 7.45% 7.68%
Cash On Cash Return b/t 9.09% 10.02% 10.98% 11.96% 12.97%
Cash On Cash Return a/t 9.09% 10.02% 10.98% 11.96% 12.97%
Debt Coverage Ratio 1.42 1.46 1.50 1.55 1.59
Gross Income per Sq. Ft. $15.51 $15.98 $16.46 $16.95 $17.46
Expenses per Sq. Ft. ($4.58) ($4.72) ($4.86) ($5.00) ($5.15)
Net Income Multiplier 20.00 20.00 20.00 20.00 20.00
Operating Expense Ratio 31.00% 31.00% 31.00% 31.00% 31.00%
Loan To Value Ratio 58.42% 55.71% 53.07% 50.49% 47.97%
* b/t = before taxes; a/t = after taxes
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EQUITY VS. DEBTSierra Madre Granada Monterrey 1022 Monterey Street | San Antonio, TX 78207
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Year 1 2 3 4 5
$490,00
$980,00
$1,470,0
$1,960,0
$2,450,0
$2,940,0
$3,430,0
$3,920,0
$4,410,0
$4,900,0
Legend
Equity Loan Principal Balance
Year Equity Loan Principal Balance
1 $3,478,198 ($4,774,850)
2 $3,808,099 ($4,690,140)
3 $4,149,070 ($4,601,715)
4 $4,501,497 ($4,509,413)
5 $4,865,775 ($4,413,062)
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CUMULATIVE WEALTH ANALYSISSierra Madre Granada Monterrey 1022 Monterey Street | San Antonio, TX 78207
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Year 1 2 3 4 5
$440,00
$880,00
$1,320,0
$1,760,0
$2,200,0
$2,640,0
$3,080,0
$3,520,0
$3,960,0
$4,400,0
Legend
Equity (loan reduction) Equity (appreciation) CASH FLOW (a/t)
Year Equity (loan reduction) Equity (appreciation) CASH FLOW (a/t)
1 $81,150 $2,183,047 $120,281
2 $165,860 $2,428,239 $252,821
3 $254,285 $2,680,786 $397,989
4 $346,587 $2,940,909 $556,163
5 $442,938 $3,208,837 $727,733
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OPERATING INCOME ANALYSISSierra Madre Granada Monterrey 1022 Monterey Street | San Antonio, TX 78207
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Year 1 2 3 4 5
$67,000
$134,00
$201,00
$268,00
$335,00
$402,00
$469,00
$536,00
$603,00
$670,00
Legend
GROSS OPERATING INCOME NET OPERATING INCOME NET CASH FLOW (b/t)
YearGROSS OPERATING
INCOMENET OPERATING INCOME NET CASH FLOW (b/t)
1 $592,260 $408,652 $120,281
2 $610,028 $420,912 $132,540
3 $628,329 $433,539 $145,168
4 $647,178 $446,545 $158,174
5 $666,594 $459,942 $171,570
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LOCATION MAPSierra Madre Granada Monterrey 1022 Monterey Street | San Antonio, TX 78207
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AERIAL MAPSierra Madre Granada Monterrey 1022 Monterey Street | San Antonio, TX 78207
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REGIONAL MAPSierra Madre Granada Monterrey 1022 Monterey Street | San Antonio, TX 78207
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DEMOGRAPHICSSierra Madre Granada Monterrey 1022 Monterey Street | San Antonio, TX 78207
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Population 1 Mile 3 Mile 5 Mile
Male 11,573 79,174 193,493
Female 11,517 79,243 197,722
Total Population 23,090 158,417 391,215
Age Breakdown 1 Mile 3 Mile 5 Mile
Ages 04 1,464 11,350 28,452
Ages 59 1,640 12,983 32,785
Ages 1014 1,488 11,951 30,377
Ages 1519 1,390 11,108 28,272
Ages 2024 1,514 11,242 28,298
Ages 2529 1,643 11,681 28,821
Ages 3034 1,569 11,490 28,020
Ages 3539 1,535 11,043 26,675
Ages 4044 1,616 10,599 25,490
Ages 4549 1,467 10,122 24,654
Ages 5054 1,409 9,390 22,849
Ages 5559 1,330 8,503 20,822
Ages 6064 960 6,978 17,694
Ages 6569 783 5,564 14,160
Ages 7074 739 4,335 10,828
Ages 7579 794 3,375 7,914
Ages 8084 698 2,345 5,200
Ages 85+ 1,051 4,358 9,904
Household Income 1 Mile 3 Mile 5 Mile
Median $21,272 $27,049 $28,960
< $10000 1,674 9,180 20,053
$10000$14999 838 5,753 13,828
$15000$19999 540 4,331 11,206
$20000$24999 495 4,893 11,531
$25000$29999 628 4,389 9,986
$30000$34999 525 3,484 9,156
$35000$39999 412 2,851 8,018
$40000$44999 220 2,440 6,605
$45000$49999 249 2,250 5,820
$50000$60000 394 3,809 9,427
$60000$74000 236 3,003 8,514
$75000$99999 182 2,930 7,487
$100000$124999 41 1,062 3,674
$125000$149999 30 563 1,616
$150000$199999 133 601 1,475
> $200000 36 642 1,971
Housing 1 Mile 3 Mile 5 Mile
Total Units 7,810 62,833 152,335
Occupied 6,990 55,376 135,832
Owner Occupied 2,607 28,160 75,021
Renter Occupied 4,383 27,216 60,811
Vacant 820 7,457 16,503
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DEMOGRAPHICSSierra Madre Granada Monterrey 1022 Monterey Street | San Antonio, TX 78207
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Population 1 Mile 3 Mile 5 Mile
Male 11,573 (50.12 %) 79,174 (49.98 %) 193,493 (49.46 %)
Female 11,517 (49.88 %) 79,243 (50.02 %) 197,722 (50.54 %)
Total Population 23,090 158,417 391,215
Race Demographics 1 Mile 3 Mile 5 Mile
Population Non Hispanic White 17,372 120,185 290,666
Population Black 1,368 4,068 14,796
Population Am In/Ak Nat 92 422 903
Housing 1 Mile 3 Mile 5 Mile
Housing Units 7,810 62,833 152,335
Occupied Units 6,990 55,376 135,832
Owner Occupied Units 2,607 28,160 75,021
Renter Occupied Units 4,383 27,216 60,811
Vacant Units 820 7,457 16,503
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DEMOGRAPHICSSierra Madre Granada Monterrey 1022 Monterey Street | San Antonio, TX 78207
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Household Income 1 Mile 3 Mile 5 Mile
Median Income $21,272 $27,049 $28,960
Less than $10,000 1,674 9,180 20,053
$10,000 $14,999 838 5,753 13,828
$15,000 $19,999 540 4,331 11,206
$20,000 $24,999 495 4,893 11,531
$25,000 $29,999 628 4,389 9,986
$30,000 $34,999 525 3,484 9,156
$35,000 $39,999 412 2,851 8,018
$40,000 $44,999 220 2,440 6,605
$45,000 $49,999 249 2,250 5,820
$50,000 $59,999 394 3,809 9,427
$60,000 $74,999 236 3,003 8,514
$75,000 $99,999 182 2,930 7,487
$100,000 $124,999 41 1,062 3,674
$125,000 $149,999 30 563 1,616
$150,000 $199,999 133 601 1,475
Greater than $200,000 36 642 1,971
Age Breakdown 1 Mile 3 Mile 5 Mile
Ages 04 1,464 (6.34 %) 11,350 (7.16 %) 28,452 (7.27 %)
Ages 59 1,640 (7.10 %) 12,983 (8.20 %) 32,785 (8.38 %)
Ages 1014 1,488 (6.44 %) 11,951 (7.54 %) 30,377 (8.38 %)
Ages 1519 1,390 (6.02 %) 11,108 (7.01 %) 28,272 (7.23 %)
Ages 2024 1,514 (6.56 %) 11,242 (7.10 %) 28,298 (7.23 %)
Ages 2529 1,643 (7.12 %) 11,681 (7.37 %) 28,821 (7.37 %)
Ages 3034 1,569 (6.80 %) 11,490 (7.25 %) 28,020 (7.16 %)
Ages 3539 1,535 (6.65 %) 11,043 (6.97 %) 26,675 (6.82 %)
Ages 4044 1,616 (7.00 %) 10,599 (6.69 %) 25,490 (6.52 %)
Ages 4549 1,467 (6.35 %) 10,122 (6.39 %) 24,654 (6.30 %)
Ages 5054 1,409 (6.10 %) 9,390 (5.93 %) 22,849 (5.84 %)
Ages 5559 1,330 (5.76 %) 8,503 (5.37 %) 20,822 (5.32 %)
Ages 6064 960 (4.16 %) 6,978 (4.40 %) 17,694 (4.52 %)
Ages 6569 783 (3.39 %) 5,564 (3.51 %) 14,160 (3.62 %)
Ages 7074 739 (3.20 %) 4,335 (2.74 %) 10,828 (2.77 %)
Ages 7579 794 (3.44 %) 3,375 (2.13 %) 7,914 (2.02 %)
Ages 8084 698 (3.02 %) 2,345 (1.48 %) 5,200 (1.33 %)
Ages 85+ 1,051 (4.55 %) 4,358 (2.75 %) 9,904 (2.53 %)
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