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89
<br />SF House with ADU - Owner Occupied (40' Lot)
<br />Residential 2 Units - Owner Occupied with Rental Unit - New Construction
<br />Residential Unit Rents Rent SF Rent per
<br />SF Units Total Rent Total SF
<br />1 Bedroom, 1 Bathroom ADU $750 600 $1.25 1 $750 600
<br />2 Bedroom, 2 Bathrooms SFH $1,200 1,200 $1.00 1 $1,200 1,200
<br />Total Residential 2 $1,950 1,800
<br />Non Rented Space
<br />Porch 50 1 50
<br />Total Non Rented Space 50
<br />Total Monthly Rent $1,950
<br />Total Building Square Feet 1,850
<br />Site Information
<br />Lot Size 4,800
<br />Building Footprint (Ground Floor SF)25%1,200
<br />Site Area Net of Buildings 3,600
<br />Residential Unit Income Percent of
<br />Income Income
<br />Gross Potential Income (Total Annual Rents)$23,400
<br />Less Vacancy 5%-$1,170
<br />Gross Operating Income $22,230
<br />Operating Expenses 15%-$3,335
<br />Net Operating Income (NOI)$18,896
<br />Residential Unit Cost Percent Cost per SF Cost
<br />Building Hard Cost SF Building $125 $231,250
<br />Site Improvements SF Site $1 $3,600
<br />Connection Fees / Utility Installation Costs $12,468
<br />Total Hard Costs $247,318
<br />Soft Costs 15%$37,098
<br />Land / Acquisition Costs $500
<br />Total Project Costs $284,916
<br />Total Cost Per Residential Unit $142,458
<br />Return on Project Cost 6.6%
<br />Loan Information Term
<br />Years
<br />Interest
<br />Rate
<br />Amort
<br />Years % Down Cost
<br />Down Payment 25%$71,229
<br />Loan Amount $213,687
<br />Loan Assumptions 3 5.0%25
<br />Monthly Debt Service -$1,249
<br />Total Annual Debt Service -$14,990
<br />Cash Flow After Debt Service $3,905
<br />Debt Service Coverage Ratio (DSCR)1.26
<br />Cash on Cash Return (Return on Down Payment)5.5%
<br />Value Per Acre $2,244,411
<br />CONSTRUCTION LOAN
<br />Blue cells are INPUTS
<br />Gray cells are CALCULATED
<br />BUILDING PROGRAM AND RENTS
<br />INCOME
<br />COSTS
<br />Duplex - Owner Occupied (30' Lot)
<br />Residential 2 Units - Owner Occupied with Rental Unit - New Construction
<br />Residential Unit Rents Rent SF Rent per
<br />SF Units Total Rent Total SF
<br />2 Bedroom, 2 Bathrooms $925 800 $1.16 2 $1,850 1,600
<br />Total Residential 2 $1,850 1,600
<br />Non Rented Space
<br />Porch 50 1 50
<br />Total Non Rented Space 50
<br />Total Monthly Rent $1,850
<br />Total Building Square Feet 1,650
<br />Site Information
<br />Lot Size 3,780
<br />Building Footprint (Ground Floor SF)22%850
<br />Site Area Net of Buildings 2,930
<br />Residential Unit Income Percent of
<br />Income Income
<br />Gross Potential Income (Total Annual Rents)$22,200
<br />Less Vacancy 5%-$1,110
<br />Gross Operating Income $21,090
<br />Operating Expenses 15%-$3,164
<br />Net Operating Income (NOI)$17,927
<br />Residential Unit Cost Percent Cost per SF Cost
<br />Building Hard Cost SF Building $125 $206,250
<br />Site Improvements SF Site $1 $2,930
<br />Connection Fees / Utility Installation Costs $12,468
<br />Total Hard Costs $221,648
<br />Soft Costs 20%$44,330
<br />Land / Acquisition Costs $500
<br />Total Project Costs $266,478
<br />Total Cost Per Residential Unit $133,239
<br />Return on Project Cost 6.7%
<br />Loan Information Term
<br />Years
<br />Interest
<br />Rate
<br />Amort
<br />Years % Down Cost
<br />Down Payment 25%$66,619
<br />Loan Amount $199,858
<br />Loan Assumptions 3 5.0%25
<br />Monthly Debt Service -$1,168
<br />Total Annual Debt Service -$14,020
<br />Cash Flow After Debt Service $3,906
<br />Debt Service Coverage Ratio (DSCR)1.28
<br />Cash on Cash Return (Return on Down Payment)5.9%
<br />Value Per Acre $2,554,229
<br />BUILDING PROGRAM AND RENTS
<br />INCOME
<br />COSTS
<br />CONSTRUCTION LOAN
<br />Blue cells are INPUTS
<br />Gray cells are CALCULATED
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