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 Projected is the (Jan 08 - Dec 08) cash flow (first 12 months).

Ratios
Capitalization Rate	9.12%
This APOD Capitalization Rate has been calculated by using the First 12 Months NOI 273589 (shown below). Divide by Purchase Price $3,000,000 and convert to a percentage equaling 9.12%. close
Gross Income Multiplier	8.28
This APOD Gross Income Multiplier has been calculated by using the Purchase Price $3,000,000 divided by First 12 Months Gross Income 362148 (shown below). The result equals 8.28. close
Cash on Cash	5.95%
This APOD Cash on Cash has been calculated by using the First 12 Months Net Operating Cash Flow 45600 (shown below). Divide by (Downpayment $728,557 + Acq Costs $15,000 + Loan Points $22,714) and convert to a percentage equaling 5.95%. close
Debt Coverage Ratio	1.200
This APOD Debt Coverage Ratio has been calculated by using the First 12 Months NOI 273589 (shown below). Divide by First 12 Months Total Debt Service 227988 equlaing the ratio of 1.200 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 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	33.1%	$120,010
102 Drug Store (7500 sf)	$12.60	26.1%	$94,500
103 Beauty Salon (2000 sf)	$15.77	8.7%	$31,545
104 Donuts (2000 sf)	$14.69	8.1%	$29,370
105 Flowers (1000 sf)	$14.50	4.0%	$14,496

Base Rental Revenue	$14.50	80.1%	$289,922
Percentage Rent	$0.20	1.1%	$4,006
Total Reimbursements	$3.41	18.8%	$68,242
Total Gross Income	$18.11	100.0%	$362,158
Less: Vacancy & Credit Loss	$1.11	6.1%	$22,166
Effective Income	$17.00	93.9%	$340,001
Less: Expenseshide
Maintenance	$0.57	3.2%	$11,410
Insurance	$0.23	1.3%	$4,596
Property Taxes	$1.50	8.3%	$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	18.3%	$66,406
Net Operating Income	$13.68	75.5%	$273,599
Less: Debt Servicehide
Loan	$11.40	63.0%	$227,998
Total Debt Service	$11.40	63.0%	$227,998
Net Operating Cash Flow	$2.28	12.6%	$45,610