|
*30 YEAR LONG TERM
LEASE-PURCHASE 9,000 SQ FT HANGAR
|
|
|
| Year
End |
Acquisition
Cost |
**Debt
Service |
Appreciation
2.5% |
***Total
Equity |
|
$1,080,000.00 |
|
|
|
|
|
|
|
|
| 20%
Down Payment |
$216,000 |
$864,000 |
|
|
| Annual
Mortgage Payment |
$83,145 |
$19,960 |
$27,000 |
|
| 1 |
$299,145 |
$844,040 |
$27,000 |
$262.960 |
|
|
|
|
|
|
$83,145 |
$21,456 |
$27,675 |
|
| 2 |
$382,290 |
$822,584 |
$54,675 |
$312,091 |
|
|
|
|
|
|
$83,145 |
$23,064 |
$28,366 |
|
| 3 |
$465,435 |
$799,520 |
$83,041 |
$363,521 |
|
|
|
|
|
|
$83,145 |
$24,793 |
$29,076 |
|
| 4 |
$548,580 |
$774,727 |
$112,117 |
$417,390 |
|
|
|
|
|
|
$83,145 |
$26,652 |
$29,802 |
|
| 5 |
$631,725 |
$748,075 |
$141,919 |
$473,844 |
|
|
|
|
|
|
$83,145 |
$28,649 |
$30,584 |
|
| 6 |
$714,870 |
$719,426 |
$172,503 |
$533,077 |
|
|
|
|
|
|
$83,145 |
$30,797 |
$31,311 |
|
| 7 |
$798,015 |
$688,629 |
$203,814 |
$595,185 |
|
|
|
|
|
|
$83,145 |
$33,106 |
$32,094 |
|
| 8 |
$881,160 |
$655,523 |
$235,908 |
$660,385 |
|
|
|
|
|
|
$83,145 |
$35,587 |
$32,896 |
|
| 9 |
$964,305 |
$619,936 |
$268,804 |
$728,868 |
|
|
|
|
|
|
$83,145 |
$38,255 |
$33,719 |
|
| 10 |
$1,047,450 |
$581,681 |
$302,523 |
$800,842 |
|
|
|
|
|
|
|
|
|
|
|
NOTES:
*Acquisition cost basis of $1,080,000 - calculated at
$120 per square foot
**80% Mortgage, 20 year amortization, 7.25% interest
***Total Equity = Original Purchase Price (-) Less Balance
due on Debt Service (+) Plus Appreciation.
|
|
|
*TYPICAL
9,000 SQ FT HANGAR RENTAL |
|
| Year
End |
**Acquisition
Cost |
Debt
Service |
Appreciation
2.5% |
**Total
Equity |
|
|
|
|
|
| Annual
Rent |
$85,550 |
|
$0 |
|
| 1 |
$85,550 |
$0 |
$0 |
$0 |
|
|
|
|
|
|
$88,065 |
$0 |
$0 |
|
| 2 |
$173,615 |
$0 |
$0 |
$0 |
|
|
|
|
|
|
$90,707 |
$0 |
$0 |
|
| 3 |
$264,322 |
$0 |
$0 |
$0 |
|
|
|
|
|
|
$93,428 |
$0 |
$0 |
|
| 4 |
$357,750 |
$0 |
$0 |
$0 |
|
|
|
|
|
|
$96,230 |
$0 |
$0 |
|
| 5 |
$453,980 |
$0 |
$0 |
$0 |
|
|
|
|
|
|
$99,117 |
$0 |
$0 |
|
| 6 |
$553,097 |
$0 |
$0 |
$0 |
|
|
|
|
|
|
$102,446 |
$0 |
$0 |
|
| 7 |
$655,543 |
$0 |
$0 |
$0 |
|
|
|
|
|
|
$105,519 |
$0 |
$0 |
|
| 8 |
$761,062 |
$0 |
$0 |
$0 |
|
|
|
|
|
|
$108,685 |
$0 |
$0 |
|
| 9 |
$869,747 |
$0 |
$0 |
$0 |
|
|
|
|
|
|
$111,945 |
$0 |
$0 |
|
| 10 |
$981,692 |
$0 |
$0 |
$0 |
|
|
|
|
|
|
*Rental
basis on current market value of $9.50 Sq. Ft.
**Annual rental escalation calculated conservatively
at 3% - Typical competitive escalation clauses are
set at 4% |
|
|
|
|
