Michael Simpson & The BEST Team Broker /Owner “Helping You Move From Dreaming To Doing”
INTRODUCTION Hi, my name is Michael Simpson, My entire focus is on your complete satisfaction. In fact, I work to get the job done so well, you will want to tell your friends and associates about it. Maybe that's why more than
{AGENT PHOTO}
50% of my business comes from repeat customers and referrals. You may also be interested to know that in addition to listing and selling, I have been teaching other Realtors how to list
and sell for several years (video available). I have taught hundreds of agents thought-out Southern Ca how to list/sell and provide great service, as great service speaks for itself. I look forward to delivering that great service to you! Michael Simpson • 562-961-1403 •
[email protected] • www.socalproperties.com
Michael Simpson & The BEST Team Broker /Owner “Helping You Move From Dreaming To Doing”
OUR COVERAGE Keller Williams Realty is the 3rd largest real estate franchise in the United States – with more than 77,000 associates, 900
commercial brokers and presence in 690 offices across North America.
Michael Simpson • 562-961-1403 •
[email protected] • www.socalproperties.com
{BUYERS NAME} Michael Simpson & The BEST Team Broker /Owner “Helping You Move From Dreaming To Doing”
OUR KW COMMERCIAL PHILOSOPHY At KW Commercial, we believe that you
OUR MISSION: To build careers worth having, businesses worth owning and lives worth living.
are only as good as the people you are in business with. That’s why we make it a
OUR VISION:
priority to be in business with the best.
To be the commercial real estate company of choice for a new generation of real estate agents and owners.
The Keller Williams philosophy of success through people and of seeking out win-
OUR VALUES:
win partnerships has fueled our
God, Family, then Business
company’s growth to the third-largest real estate company in the United States.
Michael Simpson • 562-961-1403 •
[email protected] • www.socalproperties.com
Michael Simpson & The BEST Team Broker /Owner “Helping You Move From Dreaming To Doing”
OUR BELIEFS
● Win-Win
Or no deal
● Integrity
Do the right thing
● Customers
Always come first
● Commitment
In all things
● Communication
Seek first to understand
● Creativity
Ideas before results
● Teamwork
Together everyone achieves more
● Trust
Starts with honesty
● Success
Results through people
Michael Simpson • 562-961-1403 •
[email protected] • www.socalproperties.com
Michael Simpson & The BEST Team Broker /Owner “Helping You Move From Dreaming To Doing” WHAT OTHER PEOPLE ARE SAYING ABOUT US
Inc. Magazine No.1645 of the Fastest Growing Companies in America, 2007
The Wall Street Journal named Keller Williams Realty to its elite “Franchise High Performers” list in 2006, a list of franchises that are, according to an independent research group, FRANdata, “well established, have experienced leadership, exhibit overall financial health and have a
Selling Power Magazine Real Estate Sales Organization of the Year, Stevie Award, 2007
proven record of franchising success.”
Source: StartupJournal.com, the Wall Street Journal Center for Entrepreneurs
Franchise Times Top Quartile of Franchise Operations in the U.S., 2009
Entrepreneur Magazine consistently ranks Keller Williams Realty as one of the strongest franchise models in the country.
Entrepreneur Magazine No. 71 – Franchise 500 List - 2009 No. 54 – Fastest-Growing Franchises - 2009 No. 61 – America’s Top Global Franchises - 2009
Source: Entrepreneur Magazine rankings
Michael Simpson • 562-961-1403 •
[email protected] • www.socalproperties.com
Michael Simpson & The BEST Team Broker /Owner “Helping You Move From Dreaming To Doing”
OUR COMMUNITY OUTREACH THE KELLER CENTER AT BAYLOR UNIVERSITY Funded through the vision and generosity of Gary Keller, chairman and co-founder of Keller Williams Realty in 2007, Baylor University established the Keller Center for Residential Real Estate Research in the Hankamer School of Business to study issues affecting real estate companies, brokers and agents in today’s marketplace. KW CARES Established in 2003, KW Cares is a 501(c)(3) public charity primarily supported by Keller Williams offices across North America and provides emergency financial assistance to members of the KW family in need and their immediate families, as well as outside charitable organizations. In 2006, in the aftermath of Hurricane Katrina, KW Cares raised more than $5.3 million in relief to aid Keller Williams associates in the Gulf States. In 2007 and 2008, KW Cares supported other charities aligned with the mission and values of Keller Williams Realty, including: Ryan’s Well Foundation, University of Texas M.D. Anderson Cancer Center, Memorial Sloan-Kettering Cancer Center, Sidney Kimmel Comprehensive Cancer Center at Johns Hopkins. Michael Simpson • 562-961-1403 •
[email protected] • www.socalproperties.com
Michael Simpson & The BEST Team Broker /Owner “Helping You Move From Dreaming To Doing”
KELLER WILLIAMS REALTY EXECUTIVE TEAM Chairman of the Board Gary Keller, Vice Chairman Mo Anderson, CEO Mark Willis and President/COO Mary Tennant provide strategic direction for Keller Williams Realty. With more than 100 years combined real estate experience, KW’s executive team strives for continual growth for the company’s offices, owners, brokers and agents.
BUDDY NORMAN, PRESIDENT, KW COMMERCIAL Buddy Norman was named president of KW Commercial in 2008. A true leader in commercial real estate with approximately two decades of experience within the industry, Norman served in several leadership positions within international commercial firms such as The Staubach Company and Burnham Real Estate before joining Keller Williams Realty. He has built new divisions and trained commercial brokers all over the United States – including Dallas, Atlanta, Washington D.C. and San Diego. A consistent top producer, Norman has averaged approximately 400,000 square feet per year of commercial leasing and sales transactions over the last 10 years.
THE KW COMMERCIAL LEADERSHIP COUNCIL (CLC) KW Commercial, in keeping with the structure and culture of Keller William Realty, has been built through an “agent-centric” business model. The Commercial Leadership Council (CLC) is a group of top Keller Williams Realty commercial agents from across the United States and Canada. The CLC guides the direction, policy and strategy of KW Commercial and is instrumental in the division’s growth and development.
Michael Simpson & The BEST Team Broker /Owner “Helping You Move From Dreaming To Doing”
WHO WE ARE INDUSTRIAL KW Commercial’s commitment to excellence
OFFICE
has been proven time and time again by the results that our agents produce for their clients.
INVESTMENT SALES RETAIL SERVICES
When you engage KW Commercial, you aren’t simply hiring a broker, you’re hiring an entire
EDUCATION & MUNICIAL SERVICES
company and a network of dedicated
DESIGN, CONSTRUCTION SERVICES & DEVELOPMENT MANAGEMENT
professionals across North America.
LAND BROKERAGE MULTI-FAMILY
Michael Simpson • 562-961-1403 •
[email protected] • www.socalproperties.com
Michael Simpson & The BEST Team Broker /Owner “Helping You Move From Dreaming To Doing”
INDUSTRIAL PROPERTIES Regardless of the industrial space a company needs, our Industrial Properties associates have the knowledge and expertise necessary to assist in a purchase, sale or lease. Industrial real estate consumers rely on our associates for consultation on site selection, dock high, clear height and power requirements, as well as all the other factors necessary when deciding on an industrial location.
Stephen C Bello 562-961-1600
[email protected] KW Commercial Lead Director Specializes in Industrial Sales/Leasing
Industrial property owners can also rely on KW Commercial’s network of associates to assist in the marketing of their industrial property and ensure the property is sold for the best price as quickly as possible.
Michael Simpson • 562-961-1403 •
[email protected] • www.socalproperties.com
Michael Simpson & The BEST Team Broker /Owner “Helping You Move From Dreaming To Doing”
Stephen C. Bello, Broker Associate Keller Williams Coastal Properties 6621 E. Pacific Coast Hwy., Ste. 150 • Long Beach CA 90803 (562) 961-1600 •
[email protected]
Stephen is a broker with 20+ years of commercial real estate experience. His experience has given him a clear understanding of contracts, negotiations, and the power of compromise in delicate situations. Mr. Bello has extensive experience in the leasing and sales of commercial properties. During his seventeen-year career including Matlow-Kennedy/Cushman & Wakefield, and INCO Co., he has consummated in excess of 625 transactions. Mr. Bello oversaw team management for the leasing and sales of commercial properties. Aside from serving his clients, he is committed to serving his community. He has earned respect from his clients and colleagues, and has consistent history of successful real estate sales achievement
Michael Simpson • 562-961-1403 •
[email protected] • www.socalproperties.com
Michael Simpson & The BEST Team Broker /Owner “Helping You Move From Dreaming To Doing”
OFFICE PROPERTIES Finding the right office space entails many considerations and complications beyond simply finding the right location. Office tenant representation demands knowledge of local market conditions and trends, as well as a keen set of negotiating skills to successfully structure a client’s lease document. Tracking rents, rent concessions, operating expense pass throughs, changes in technology and other factors are part of what our KW Commercial Office Property associates are dedicated to knowing. Commercial landlords can also rely on our associates to have intimate knowledge of the local office market and existing tenant base in order to successfully lease office projects at the highest rental structure possible.
“The BEST Team and Michael Simpson were hardworking, knowledgeable, through-out this entire process. They made me feel as though he would do whatever was necessary to complete my request. For all future commercial transactions, I would hope to use The BEST Team and Michael Simpson - Larry Stephens, Brylaw Accounting Firm, Inc.”
Michael Simpson • 562-961-1403 •
[email protected] • www.socalproperties.com
Michael Simpson & The BEST Team Broker /Owner “Helping You Move From Dreaming To Doing”
“I have worked with Michael Simpson and
INVESTMENT SALES
satisfied with their services that I called on
his team for years, they have assisted with several REO properties for our bank. I am so
him for a personal transaction and had them sell my father’s multi family property in Los
Representing buyers and sellers of investment real
Angeles.” Elvia Jaramillo, First Bank and Trust
estate requires local market knowledge, knowledge of financing instruments and capital markets both domestically and abroad. KW Commercial’s
Investment Properties associates keep abreast of the latest trends and fluctuations in equity and debt markets, as well as local and national cap rates. Our vast network of international, private and institutional investors allows us to match our clients with the right investment opportunity, and maximize return on the investment.
Michael Simpson • 562-961-1403 •
[email protected] • www.socalproperties.com
Michael Simpson & The BEST Team Broker /Owner “Helping You Move From Dreaming To Doing”
RETAIL SERVICES For our retail user and developer clients, the advantages of partnering with a KW Commercial Retail Properties associate are significant. Whether leasing a retail strip center or finding a new facility for a restaurant customer; location, speed to market and economic performance are as important to us as they are to our clients.
Michael Simpson • 562-961-1403 •
[email protected] • www.socalproperties.com
Michael Simpson & The BEST Team Broker /Owner “Helping You Move From Dreaming To Doing”
NONPROFIT & MUNICIPAL SERVICES Nonprofit organizations, school systems and
Stephen C Bello 562-961-1600
[email protected] KW Commercial Lead Director Specializes in Industrial Sales/Leasing/NonProfit & Municipal Services
government agencies have unique real estate requirements, and our KW Commercial associates understand how to best serve these organizations. We understand the unique budget constraints and the multiple stakeholder environment in which they operate. Portfolio assessment, real estate strategy, financing and project management are critical to our education and municipal clients, and we deliver.
Michael Simpson • 562-961-1403 •
[email protected] • www.socalproperties.com
Michael Simpson & The BEST Team Broker /Owner “Helping You Move From Dreaming To Doing”
DESIGN, CONSTRUCTION SERVICES & DEVELOPMENT MANAGEMENT Building on time and on budget are two passions of our KW Commercial Construction and Development Management associates. To ensure the best outcome for our clients, KW Commercial has an extensive network of experienced construction professionals who provide effective leadership, sharp attention to detail and a valued partnership. KW Commercial also has broad-based strategic alliances with fee developers capable of overseeing and managing any type of real estate development. Our partners, who are established in local markets across the United States and Canada, can guide our clients through governmental approvals for both small and large development projects. Michael Simpson • 562-961-1403 •
[email protected] • www.socalproperties.com
Michael Simpson & The BEST Team Broker /Owner “Helping You Move From Dreaming To Doing”
LAND BROKERAGE
“Each and everyone of The BEST Team is great. We are looking forward to finding the next property or project and working with ROCK!" – Steven Moraldo Moraldo Inc. “
KW Commercial associates specializing in land brokerage and assemblage possess an exceptional understanding of the complex factors that influence the land brokerage transaction and have the extensive experience and contacts to get the deal done right. Our associates provide solutions based on constantly evolving factors such as zoning and regulatory issues, demographic and traffic patterns, and overall political and economic trends. Expanding on the fundamentals of land brokerage, our associates ensure that the client’s unique business considerations are addressed and that the negotiation process is a win-win. Working in coordination with our other specialties, our land brokerage services offer a solid and well-rounded approach to land acquisition and disposition.
Michael Simpson • 562-961-1403 •
[email protected] • www.socalproperties.com
Michael Simpson & The BEST Team Broker /Owner “Helping You Move From Dreaming To Doing”
MULTI-FAMILY HOUSING
No one has taken more time to advertise and show my property More than The BEST Team and Michael Simpson. I appreciate The BEST Team and Michael Simpson efforts and their exceptional service. I would recommend them to my friends and business associates." Phyllis McGreevey, Esq.
KW Commercial associates provide multi-family owners and investors with market knowledge, research, financing and analysis of market trends in vacancy, rent escalations, comparable cap rates and buyer trends. Our associates have expertise in sales, acquisition, development, finance and valuation, which extends to conventional apartment properties, condo development and conversions, student housing and residential income development land. Whether you are selling a single asset or a national portfolio, our associates provide you with unparalleled market information and will achieve the highest level of results. If expanding your portfolio is the objective, our local experts can help you identify and acquire properties which meet or exceed your investment goals. And it doesn’t stop there. Whether the next steps are finding the right property management company, providing current rental and vacancy data, assessing local rent control issues or assisting with tenant leasing, our associates continue to be a valued resource. Michael Simpson • 562-961-1403 •
[email protected] • www.socalproperties.com
Michael Simpson & The BEST Team Broker /Owner “Helping You Move From Dreaming To Doing”
EXTENDED MARKETING RESEARCH We will market your commercial property 24/7 through the most popular Commercial real estate Websites on the Web.
Michael Simpson • 562-961-1403 •
[email protected] • www.socalproperties.com
MARKETING Here are just a few of the services we use to market your property.
Web Sites www.loopnet.comp as premium Members we will expose your property to 1.5 Million average monthly unique visitors. 35 million page views per month. Over 4 million members on LoopNet. Popular Commercial Web Site Links for Lending and Appraiser Services News feeds, e-mail’s “matched new listings” Property Line www.propertyline.com Market your property to both local and national databases with proven tools. Emarket email digital brochures directly to the inboxes of up to 200,000 Commercial Real Estate Professionals.
Costar www.Costar.com We will input your property to Costar and expose your property to one of the Internet's most qualified audiences of professionals searching commercial properties for sale or lease. Reach the industry's top dealmakers for free Showcase your listings and get priority placement on Google.
The Smith Guide, Inc. www.smithguide.com Real-time commercial (mostly industrial) real estate listing service REI Wise www.reiWise.com Great Tool to generate analysis and Superior Marketing packages
Email digital brochures to over 75,000 real estate brokers through KW Commercial’s platform Michael Simpson • 562-961-1403 •
[email protected] • www.socalproperties.com
Michael Simpson & The BEST Team Broker /Owner “Helping You Move From Dreaming To Doing”
Networking Realty Investment Association of California (RIAOC) Meetings are held at several locations in Southern California - as often as weekly, depending on location.
Long Beach Commercial Real Estate Council www.lbcrec.com We will be networking and marketing your property to several commercial brokers locally listing and selling primarily in Long Beach.
We will be Networking and distributing hundreds of marketing packages to members and visitors every week. Packages contain detailed information on your property. We will also advertise your property in the weekly Gold Sheet. About 1,000 real estate associates from all over Southern California, Los Angeles and Orange County
www.kwcommercial.intranets.com International networking, tools, discussions etc. www.SocalProperties.com www.Facebook.com/SoCalCommercial
Michael Simpson • 562-961-1403 •
[email protected] • www.socalproperties.com
Michael Simpson & The BEST Team Broker /Owner “Helping You Move From Dreaming To Doing”
BUDDY NORMAN President, KW Commercial Keller Williams Realty International
BACKGROUND - EDUCATION 2006 - 2007
1990 - 1995
Burnham Real Estate, Managing Director/Principal
Merrill Lynch, Financial Consultant
1997 - 2005
1986 - 1990
Staubach Company, Co-Founding Principal – San Diego
The Staubach Company of Dallas, Atlanta, & Washington D.C., Vice President
1995 - 1997
1985
Paine Webber, Financial Consultant
Bachelor Of Business Administration, Baylor University
Michael Simpson • 562-961-1403 •
[email protected] • www.socalproperties.com
Michael Simpson & The BEST Team Broker /Owner “Helping You Move From Dreaming To Doing”
SUMMARY: Buddy Norman, President of KW Commercial, joined
BUDDY NORMAN cont.
Keller Williams Realty in 2008 to lead the development and growth of the company’s new commercial division.
REPRESENTATIVE CLIENTS:
Buddy is a proven leader of character and integrity, and demands excellence as a standard. With two decades of
• Fair Isaac Corporation
commercial real estate experience, Buddy has a proven
• Intuit, Inc.
record of building commercial brokerage teams across
• Iomega Corporation
the United States.
• Computer Sciences Corporation • Qualcomm, Inc.
While attending Baylor, he founded “Baylor Buddies”, a
• Nextel Communications
nonprofit organization that matches Baylor students with Waco’s underprivileged children in a mentoring program. “Baylor Buddies” is still an active program today. Buddy, his wife and three children live in New Braunfels, Texas.
Michael Simpson • 562-961-1403 •
[email protected] • www.socalproperties.com
Michael Simpson & The BEST Team Broker /Owner “Helping You Move From Dreaming To Doing”
FAIR ISSAC & COMPANY Location: San Diego, California Size: 130,000 SF
SERVICES PROVIDED: ● Relocation Services ● Lease Negotiations ● Tenant Improvement Management
* Transaction completed before joining KW Commercial
Michael Simpson • 562-961-1403 •
[email protected] • www.socalproperties.com
Income Property Analysis 1525 Pine Avenue, Long Beach, CA Presented By: Michael Simpson KW Commercial – Coastal Properties Long Beach CA
RENT COMPARABLE SURVEY I General Information a. Addres s b. Nam e c. No. of Units d. Age of Building e. No. of Stories II Exterior a. Building Exterior b. Neighborhood c. Lands caping d. Parking Surfaces e. No. of Carports /Garages f. No. Balconies /Patios g. General Cleanlines s III Interior a. Refrigerator b. Dis hwas her c. Stove d. Dis pos al e. Sm oke Detectors f. General Cleanlines s IV Amenities a. Pool b. Other V Clim ate Control a. Heat (G/E) b. Air Cond. (Central/Room ) VI Utilities a. Sep. Meter (gas /elect.) b. Mas ter Meter (gas /elect.) c. Water (tenant/landlord) VII Tenants a. Tenant Rating b. Pets (Y/N) VIII Rent a. Bachelor Rent Rating b. Single Rent Rating c. 1 Bed. Rent Rating d. 2 Bed. Rent Rating e. ____ Bed. Rent Rating IX Overall Occupancy %
Subject
Rent Comp A
Rent Comp B
Rent Comp C
1525 Pine Mel Alm 32 38 3 3 3 3 3 3 16 16 3 3
4500 E. 7th Fox Glen 21 45 2 3 3 3 3 3 14 0 3 3
1133 Pine French Qtr 20 39 2 3 3 3 3 3 0 0 3 3
2420 E. 5th St. Riviera 28 32 2 3 3 3 3 3 28 14 3 3
Y Y Y 3
Y Y Y 3
Y Y Y 3
Y Y Y 3
Y
Y
Y
Y
E E
E E
E E
E E
ALL
ALL
ALL
ALL
L
L
L
L
3 N
3 N
3 N
3 N
750
550
725
625
875
675
975
96
98
97
98
4500 E.
th 7
Street
1133 Pine Ave.
2420 E. 5th Street
Recent Sale Information 3595 Elm Avenue Address: City: State: Parcel No.: Thomas Guide No.: Rental Policy: Utilities: Year Built: Ammenities: Price: Down Payment: % Down Payment: Cost Per Unit: Number Of Units: GRM: Date Sold: No. of Buildings:
3595 Elm Ave. Long Beach CA 7145-006-033 765-E/7 Monthly, No Pets Water 1961 Laundry 1525000 747250 49 63541.66 24 6.72 2/22/2002 1
Selling Terms and General Information:
Scheduled Income # Units # Bed/Bath 24
New 1st, 49 % down
Mo. Rental 18911.25
3595 Elm Avenue
Recent Sale Information 5149 E. Anaheim Road Address: City: State: Parcel No.: Thomas Guide No.: Rental Policy: Utilities: Year Built: Ammenities:
5149 E. Anaheim Road Long Beach CA 7240-010-001,002 796-B/5 Monthly, No Pets Water 1950 Laundry
Price: Down Payment: % Down Payment: Cost Per Unit: Number Of Units: GRM: Date Sold: No. of Buildings:
$1,957,680.00 $480,180.00 25 $54,380.00 36 6.79 3/21/2002 2
Selling Terms and General Information:
Scheduled Income # Units # Bed/Bath 36
New 1st, 25% DOWN
Mo. Rental $241,010.00
5149 E. Anahiem Road
Recent Sale Information 833 Cherry Ave. Address: City: State: Parcel No.: Thomas Guide No.: Rental Policy: Utilities: Year Built: Ammenities: Price: Down Payment: % Down Payment: Cost Per Unit: Number Of Units: GRM: Date Sold: No. of Buildings:
833 Cherry Avenue Long Beach CA 7267-015-017 795-G/6 Monthly, No Pets Water 1963 Laundry, Pool, Jacuzzi $1,700,000.00 $475,000.00 28 $47,222.00 36 8.01 1/2/2002 1
Selling Terms and General Information:
Scheduled Income # Units # Bed/Bath 36
New 1st, 28% down
Mo. Rental $17,708.00
833 Cherry Avenue
Recent Sales Multi-Residential # Unit 36 36 24
Property Address 833 Cherry 5149 E. Anaheim Rd. 3595 Elm
Age 39 47 41
GRM Cst./Sq. Ft. 8.01 $78.46 6.79 $67.28 6.72 $72.00
AVERAGE
42 32 7.17 $75.28
Cst./Unit $47,222 $54,380 $63,541 $55,048
Date/Sale Price 1/2/2002 $1,700,000.00 3/21/2002 $1,957,680.00 2/22/2002 $1,525,000.00
Down 28% 25% 49%
Terms New 1st New 1st New 1st
Map for Recent Sales
Map for Rent Comps
Buyer R.O.I. ANALYSIS Assumptions
Current Rents 25% down
GRM CAP PRICE DOWN PAYMENT FIRST T.D. INT./AMORT.
8.01 8.10% $1,950,000.00 $487,500.00 $1,462,500.00 7.5% /30 years
SECOND T.D INT./YRS. S.G.I. VACANCY G.O.I. EXPENSES N.O.I.
$243,456.00 $12,173.00 $231,283.00 $73,037.00 $158,246.00
DEBT SERVICE FIRST DEBT. COV. Ratio
$122,712.00 1.29
SECOND TOTAL DEBT. COV. RATIO CASH FLOW
122,712.00 1.29 $35,534.00
(PRE TAX) % RETURN
7.30%
Seller’s Net Proceeds CASH GENERATED FROM SALE New Loan Balance Existing Loan Balance Net Loan Funds Generated Interest In Advance at Close of Escrow Cash Down Payment Other ___________ TOTAL CASH GENERATED FROM SALE
$1,462,500.00 $509,106.00 $953,394.00 $487,500.00 $1,440,894.00
EXPENSE OF SALE Title Policy Escrow Fee Commission Other
$4,875.00 $2,969.00 $117,000.00
TOTAL EXPENSE OF SALE NET CASH TO SELLER NOTES RECEIVABLE
TOTAL INTEREST RECEIVED FROM NOTE TOTAL NET PROCEEDS TO SELLER (NOT INCLUDING NOTE INTEREST)
$124,844.00 $1,316,050.00
$1,316,050.00
Seller’s Current Annual Operating Return SCHEDULED GROSS INCOME LESS VACANCY RESERVE GROSS OPERATING INCOME LESS EXPENSES NET OPERATING INCOME LESS DEBT SERVICE PRE-TAX CASH FLOW TAX (PAYABLE) RECEIVABLE AFTER TAX CASH FLOW EQUITY BUILD-UP (PRINCIPAL REDUCTION) TOTAL AFTER TAX RETURN
Income (G.O.I) Interest (Loans) Expenses Depreciation Taxable Income (Loss) Tax Brackett Assumed % Tax (Payable) Receivable
$231,283.00 $33,724.00 $73,037.00 $29,091.00 $95,431.00 33 -$31,492.00
$243,456.00 $12,173.00 $231,283.00 $73,037.00 $158,246.00 $53,772.00 $104,474.00 -$31,492.00 $72,982.00 $20,048.00 $93,030.00
Recommended Price & Terms of SALE PRICE:
$1,950,000.00
DOWN PAYMENT:
$487,500.00
TERMS:
25% down
Seller’s Rates of Return on Net Equity PRICE
$1,950,000.00
EQUITY (net of selling expense)
$1,316,050.00
Amount
Type
$104,474.00
PRE-TAX CASH FLOW
7.94 %
$72,982.00
AFTER TAX CASH FLOW
5.55 %
$20,048.00
EQUITY BUILD-UP (Principal Reduction)
1.52 %
$93,030.00
TOTAL AFTER-TAX RETURN (R.O.E)
7.07 %
Rates of Return
