Acquisition Information Possible Discou Year Acquisition 1

Purchase Price $1,731,818 $50,000.00 Month Ending 12/20/23 12/31/2024

Closing Costs $34,636
Acquisition Date 12/20/2023 Revenue
Going-In Cap Rate 5.23% Gross Potential Revenue $98,004
Likely Insurance Cost $2,597.73 General Vacancy ($4,900)
Operating Metrics Effective Gross Revenue $93,104
General Vacancy 5.00%
Square Footage 2,888 Expenses
Gross Potential Rent/SF/Year $33.94 Operating Expenses ($2,598)
Annual Rent Growth 1.20% Total Operating Expenses ($2,598)
Operating Expenses/SF/Year $0.90
Annual Expense Growth 2.00% Net Operating Income $90,506
Capital Expense Reserve/SF/Year $0.00
Capital Expense Reserve Growth 0.00% Capital Expenses
Down Payment $865,909 Capital Expense Reserve $0
Loan Information Total Capital Expenses $0
LTV 50%
Loan Amount $865,909 Cash Flow Before Debt Service $90,506
Loan Fees 0.00%
Interest Rate 7.25% Acquisition & Sale Information
Amortization 30 Years Property Acquisition ($1,731,818)
Closing Costs ($34,636)
Sale Information Sale Proceeds $0
Exit Cap Rate 4.50% Costs of Sale $0
Costs of Sale 4.00% Unlevered Net Cash Flow ($1,766,454) $90,506
Sale Year Year 10
Financing Information
Unlevered Return Metrics Acquisition Loan Proceeds $865,909
IRR 6.99% Loan Fees $0
Equity Multiple 1.77x Principal Payment ($8,381)
Average Cash-on-Cash Return 5.40% Interest Payment ($62,504)
Loan Payoff $0
Levered Return Metrics Levered Net Cash Flow ($900,545) $19,622
IRR 6.85% Unlevered Cash-on-Cash Return . 5.1%
Equity Multiple 1.85x Levered Cash-on-Cash Return 2.2%
Average Cash-on-Cash Return 2.73%
 Annual cashflow after paying mortage
and expenses $ 18,867.34
DSCR 1.31
 2 3 4 5 6 7 8 9
12/31/2025 12/31/2026 12/31/2027 12/31/2028 12/31/2029 12/31/2030 12/31/2031 12/31/2032

$99,180 $100,370 $101,575 $102,794 $104,027 $105,276 $106,539 $107,817

($4,959) ($5,019) ($5,079) ($5,140) ($5,201) ($5,264) ($5,327) ($5,391)
$94,221 $95,352 $96,496 $97,654 $98,826 $100,012 $101,212 $102,427

($2,650) ($2,703) ($2,757) ($2,812) ($2,868) ($2,925) ($2,984) ($3,044)

($2,650) ($2,703) ($2,757) ($2,812) ($2,868) ($2,925) ($2,984) ($3,044)

$91,572 $92,649 $93,739 $94,842 $95,958 $97,086 $98,228 $99,383

$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0

$91,572 $92,649 $93,739 $94,842 $95,958 $97,086 $98,228 $99,383

$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$91,572 $92,649 $93,739 $94,842 $95,958 $97,086 $98,228 $99,383

($9,009) ($9,684) ($10,410) ($11,191) ($12,029) ($12,931) ($13,900) ($14,942)

($61,875) ($61,200) ($60,474) ($59,694) ($58,855) ($57,953) ($56,984) ($55,942)
$0 $0 $0 $0 $0 $0 $0 $0
$20,687 $21,765 $22,855 $23,958 $25,074 $26,202 $27,344 $28,499
5.2% 5.2% 5.3% 5.4% 5.4% 5.5% 5.6% 5.6%
2.3% 2.4% 2.5% 2.7% 2.8% 2.9% 3.0% 3.2%
$ 19,891.66 $ 20,927.87 $ 21,976.11 $ 23,036.52 $ 24,109.22 $ 25,194.36 $ 26,292.09 $ 27,402.54
 10 11 12 Break Even Occupancy
12/31/2033 12/31/2034 12/31/2035 Average Break-Even Occupancy
Maximum Break-Even Occupancy

$109,111 $110,421 $111,746

($5,456) ($5,521) ($5,587)
$103,656 $104,900 $106,158

($3,105) ($3,167) ($3,230)

($3,105) ($3,167) ($3,230)

$100,551 $101,733 $102,928

$0 $0 $0
$0 $0 $0

$100,551 $0 $0

$2,260,733 $0 $0
($90,429) $0 $0
$2,270,855 $0 $0

($16,062) $0 $0
($54,822) $0 $0
($747,369) $0 $0
$1,452,601 $0 $0
5.7% 0.0% 0.0%
3.3% 0.0% 0.0%
$ 28,525.85