| ( bty )( aty ) |
0% |
10% |
12% |
15% |
18% |
20% |
25% |
| Developer( ****)( ****) |
|
|
|
|
|
|
|
| Const.Interest ( 1 155) |
946 |
711 |
673 |
622 |
576 |
547 |
484 |
| Start-up Oper. Losses (exp.) ( 1 167) |
-2342 |
-1591 |
-1480 |
-1330 |
-1199 |
-1121 |
-951 |
| Equity Residual ( 1 196) |
79848 |
25442 |
20495 |
14924 |
10957 |
8955 |
5487 |
| Const.Loan ( 1 220) |
|
|
|
|
|
|
|
| Investment Adj. ( 1 320) |
-16038 |
-12049 |
-11415 |
-10545 |
-9761 |
-9281 |
-8211 |
| Return of Investment ( 1 370) |
36759 |
11713 |
9435 |
6871 |
5044 |
4123 |
2526 |
| Net Cash Flow (NCF) ( 1 699) |
40198 |
15443 |
12927 |
9976 |
7767 |
6604 |
4470 |
| Taxes Pd. on Const.Int. ( 1 810) |
-473 |
-355 |
-337 |
-311 |
-288 |
-274 |
-242 |
| Income Taxes (Annual) ( 1 850) |
23396 |
15584 |
14402 |
12822 |
11448 |
10631 |
8887 |
| Inc.Taxes:Equity Residual ( 1 880) |
-51861 |
-16524 |
-13311 |
-9693 |
-7116 |
-5817 |
-3564 |
| Tax Credit ( 1 890) |
319 |
240 |
227 |
210 |
194 |
185 |
164 |
| Subtotal: Developer( ****)( ****) |
110753 |
38612 |
31616 |
23546 |
17622 |
14554 |
9050 |
| |
|
|
|
|
|
|
|
| Lender ( ****)( ) |
|
|
|
|
|
|
|
| Orig.Mtge(s) ( 2 240) |
-135212 |
-101587 |
-96241 |
-88904 |
-82294 |
-78248 |
-69229 |
| Mtge Interest ( 2 660) |
185133 |
90573 |
79689 |
66308 |
55682 |
49798 |
38246 |
| Mtge Amortization ( 2 670) |
4641 |
2051 |
1770 |
1432 |
1170 |
1029 |
758 |
| Mtge Amortization ( 2 670) |
130571 |
41604 |
33514 |
24405 |
17917 |
14644 |
8973 |
| Subtotal: Lender ( ****)( ) |
185133 |
32641 |
18732 |
3240 |
-7525 |
-12776 |
-21252 |
| |
|
|
|
|
|
|
|
| Investor ( ****)( ) |
|
|
|
|
|
|
|
| Land ( 3 132) |
-12920 |
-11745 |
-11536 |
-11235 |
-10949 |
-10767 |
-10336 |
| Land Residual ( 3 195) |
61794 |
19690 |
15861 |
11550 |
8479 |
6931 |
4246 |
| Ground Rent ( 3 631) |
11628 |
5905 |
5238 |
4413 |
3753 |
3385 |
2657 |
| Net Cash Flow (NCF) ( 3 699) |
13399 |
5148 |
4309 |
3325 |
2589 |
2201 |
1490 |
| Subtotal: Investor ( ****)( ) |
73902 |
18997 |
13872 |
8053 |
3872 |
1751 |
-1942 |
| |
|
|
|
|
|
|
|
| Other ( ****)( ) |
|
|
|
|
|
|
|
| Const.Interest ( 4 155) |
20426 |
16023 |
15309 |
14321 |
13422 |
12868 |
11619 |
| Const.Loan ( 4 220) |
|
-11078 |
-12614 |
-14599 |
-16255 |
-17200 |
-19096 |
| Subtotal: Other ( ****)( ) |
20426 |
4946 |
2695 |
-278 |
-2833 |
-4332 |
-7477 |
| |
|
|
|
|
|
|
|
| Public ( )( ****) |
|
|
|
|
|
|
|
| Taxes Pd. on Const.Int. ( 5 810) |
473 |
355 |
337 |
311 |
288 |
274 |
242 |
| Income Taxes (Annual) ( 5 850) |
-23396 |
-15584 |
-14402 |
-12822 |
-11448 |
-10631 |
-8887 |
| Inc.Taxes:Equity Residual ( 5 880) |
51861 |
16524 |
13311 |
9693 |
7116 |
5817 |
3564 |
| Tax Credit ( 5 890) |
-319 |
-240 |
-227 |
-210 |
-194 |
-185 |
-164 |
| Subtotal: Public ( )( ****) |
28619 |
1055 |
-981 |
-3028 |
-4238 |
-4726 |
-5244 |
| |
|
|
|
|
|
|
|
| Total |
418833 |
96250 |
65935 |
31533 |
6899 |
-5530 |
-26866 |