| ( bty )( aty ) |
0% |
10% |
12% |
15% |
18% |
20% |
25% |
| Developer( )( ) |
|
|
|
|
|
|
|
| Equity Residual ( 1 196) |
4662 |
630 |
431 |
248 |
144 |
101 |
43 |
| Investment Adj. ( 1 320) |
-14 |
-12 |
-11 |
-11 |
-10 |
-10 |
-9 |
| Return of Investment ( 1 370) |
28 |
4 |
3 |
1 |
1 |
1 |
|
| Net Cash Flow (NCF) ( 1 699) |
1134 |
316 |
255 |
189 |
144 |
121 |
82 |
| Subtotal: Developer( )( ) |
5810 |
938 |
678 |
428 |
279 |
213 |
116 |
| |
|
|
|
|
|
|
|
| Lender ( ****)( ) |
|
|
|
|
|
|
|
| Land ( 2 132) |
-1500 |
-1240 |
-1196 |
-1134 |
-1077 |
-1042 |
-960 |
| Const.Interest ( 2 155) |
225 |
200 |
196 |
190 |
184 |
180 |
172 |
| Financing Fees ( 2 158) |
39 |
32 |
31 |
30 |
28 |
27 |
25 |
| Financing Fees ( 2 158) |
59 |
53 |
52 |
51 |
50 |
49 |
47 |
| Land Residual ( 2 195) |
13455 |
1818 |
1245 |
715 |
416 |
292 |
124 |
| Equity Residual ( 2 196) |
23308 |
3150 |
2157 |
1238 |
721 |
507 |
215 |
| Const.Loan ( 2 220) |
|
-124 |
-143 |
-170 |
-194 |
-208 |
-240 |
| Orig.Mtge(s) ( 2 240) |
-7804 |
-6450 |
-6221 |
-5901 |
-5605 |
-5419 |
-4995 |
| Ground Rent ( 2 631) |
3540 |
1344 |
1153 |
934 |
773 |
689 |
531 |
| Mtge Interest ( 2 660) |
17946 |
6882 |
5913 |
4803 |
3982 |
3550 |
2742 |
| Mtge Amortization ( 2 670) |
628 |
167 |
135 |
100 |
76 |
64 |
44 |
| Mtge Amortization ( 2 670) |
7176 |
970 |
664 |
381 |
222 |
156 |
66 |
| Net Cash Flow (NCF) ( 2 699) |
5670 |
1582 |
1276 |
945 |
718 |
605 |
411 |
| Subtotal: Lender ( ****)( ) |
62741 |
8385 |
5262 |
2181 |
294 |
-551 |
-1818 |
| |
|
|
|
|
|
|
|
| Investor ( )( ) |
|
|
|
|
|
|
|
| Equity Residual ( 3 196) |
18646 |
2520 |
1726 |
991 |
577 |
405 |
172 |
| Net Cash Flow (NCF) ( 3 699) |
4536 |
1266 |
1021 |
756 |
574 |
484 |
329 |
| Income Taxes (Annual) ( 3 850) |
-1659 |
-388 |
-298 |
-204 |
-142 |
-112 |
-63 |
| Inc.Taxes:Equity Residual ( 3 880) |
-3973 |
-537 |
-368 |
-211 |
-123 |
-86 |
-37 |
| Subtotal: Investor ( )( ) |
17550 |
2861 |
2081 |
1332 |
886 |
691 |
401 |
| |
|
|
|
|
|
|
|
| Other ( ****)( ) |
|
|
|
|
|
|
|
| Const.Interest ( 4 155) |
640 |
558 |
544 |
524 |
506 |
494 |
467 |
| Const.Loan ( 4 220) |
|
-447 |
-517 |
-613 |
-699 |
-751 |
-865 |
| Subtotal: Other ( ****)( ) |
640 |
111 |
27 |
-89 |
-193 |
-257 |
-398 |
| |
|
|
|
|
|
|
|
| Public ( )( ****) |
|
|
|
|
|
|
|
| Income Taxes (Annual) ( 5 850) |
1659 |
388 |
298 |
204 |
142 |
112 |
63 |
| Inc.Taxes:Equity Residual ( 5 880) |
3973 |
537 |
368 |
211 |
123 |
86 |
37 |
| Subtotal: Public ( )( ****) |
5632 |
924 |
666 |
415 |
265 |
198 |
100 |
| |
|
|
|
|
|
|
|
| Total |
92373 |
13220 |
8714 |
4267 |
1531 |
295 |
-1600 |
