Guggenheim Demo

SiteTree (all case studies)

HomePage

Index (this case study)

MV AVI ALTI Format420 Format418 Format424 Format426 Format421 Format409 Format410 Format401 Format413 Format412 Format404 Format425 Format429 Format402 Format422 Format428 Format405 Format406 Format408 Format415 Format416 Format417

Guggenheim Demo:Trial 1: New Construction - $80,000 Cost per Unit; Conventional Financing

Schedule C: Residual Values & IROR's

(column heading(s) indicate method for calculating residual value)

	Original cost
PROJECT
165 Capitalized Cost (TCC)	80000
190 Residual Value	80000
195 Land Residual	16000
670 Mtge Amortization	29052
710 Depreciation	43182

Developer
1 196 Equity Residual	50948
1 916 Pre-Tax Present Value	11566
1 926 Pre-Tax Net Cash	58977

Lender
2 670 Mtge Amortization	29052
2 916 Pre-Tax Present Value	-7802
2 926 Pre-Tax Net Cash	44229

Investor
3 916 Pre-Tax Present Value	-37187
3 926 Pre-Tax Net Cash	-41650

All Participants
99 916 Pre-Tax Present Value	-33423
99 926 Pre-Tax Net Cash	61556

Developer
1 936 IROR Pre-Tax
1 938 FMRR Pre-Tax

Lender
2 936 IROR Pre-Tax	8.44
2 938 FMRR Pre-Tax	8.88

Investor
3 936 IROR Pre-Tax
3 938 FMRR Pre-Tax

All Participants
99 936 IROR Pre-Tax	5.13
99 938 FMRR Pre-Tax	6.65