Acquisition
Price	$3,000,000
-Loans	$2,271,443
Down Payment	$728,557
+Acq Costs	$15,000
+Loan Points	$22,714
Investment	$766,271
Total SqFt	20000
*APOD Current is the Jan 08 cash flow multiplied by 12 (first month 12) . These numbers will differ from other reports if there are assumed changes in the first year.

Ratios
Capitalization Rate	9.76%
This APOD Capitalization Rate has been calculated by using the Month 1 NOI (24403) * 12 which equals 292836 (shown below). Divide by Purchase Price $3,000,000 and convert to a percentage equaling 9.76%. close
Gross Income Multiplier	8.35
This APOD Gross Income Multiplier has been calculated by using the Purchase Price $3,000,000 divided by Month 1 Gross Income (29936) * 12 which equals 359232 (shown below). The result equals 8.35. close
Cash on Cash	8.46%
This APOD Cash on Cash has been calculated by using the Month 1 Net Operating Cash Flow (5404) * 12 which equals 64848 (shown below). Divide by (Downpayment $728,557 + Acq Costs $15,000 + Loan Points $22,714) and convert to a percentage equaling 8.46%. close
Debt Coverage Ratio	1.284
This APOD Debt Coverage Ratio has been calculated by using the Month 1 NOI (24403) * 12 which equals 292836 (shown below). Divide by Total Debt Service Month 1 18999 * 12 which equals 227988 equlaing the ratio of 1.284 close
Price/SqFt	$150
This Price/SqFt has been calculated by using the Purchase Price $3,000,000 divided by Total Square Feet 20000 which equals $150. close
Loans to Value	75.71%
This APOD Loans to Value has been calculated by using the loans $2,271,443 divided by Purchase Price $3,000,000 and convert to a percentage equaling 75.71%. close
Loans Constant	10.04%
This APOD Loans Constant has been calculated by using the Total Debt Service Month 1 18999 * 12 equaling 227988 divided by loans $2,271,443 and convert to a percentage equaling 10.04%. close
Loans/SqFt	$114
This APOD Loans/SqFt has been calculated by using the Loans $2,271,443 divided by Total Square Feet 20000 which equals $114. close

	$/SqFt	% of GI	Annual $
Gross Incomehide
201 Office (10000 sf)	$12.00	33.4%	$120,010
102 Drug Store (7500 sf)	$12.60	26.3%	$94,500
103 Beauty Salon (2000 sf)	$14.50	8.1%	$29,004
104 Donuts (2000 sf)	$14.50	8.1%	$29,004
105 Flowers (1000 sf)	$14.50	4.0%	$14,496

Base Rental Revenue	$14.35	79.9%	$287,014
Percentage Rent	$0.20	1.1%	$4,006
Total Reimbursements	$3.41	19.0%	$68,242
Total Gross Income	$17.96	100.0%	$359,242
Less: Vacancy & Credit Loss	$0.00	0.0%	$10
Effective Income	$17.96	100.0%	$359,242
Less: Expenseshide
Maintenance	$0.57	3.2%	$11,410
Insurance	$0.23	1.3%	$4,596
Property Taxes	$1.50	8.4%	$30,000
Security	$0.15	0.8%	$3,000
Utilities	$0.17	0.9%	$3,396
Management Fee	$0.70	3.9%	$14,004

Total Operating Expenses	$3.32	18.5%	$66,406
Net Operating Income	$14.64	81.5%	$292,846
Less: Debt Servicehide
Loan	$11.40	63.5%	$227,998
Total Debt Service	$11.40	63.5%	$227,998
Net Operating Cash Flow	$3.24	18.1%	$64,858