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BILL AND PETE PROFORMA

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BILL AND PETE PROFORMA Powered By Docstoc
					                                                         Year 1       Year 2   Year 3   Year 4   Year 5       Year 6                    Year 7                                                           Totals
Funds Invested                            $    3,000,000                                                                                                                                                  $    3,000,000
Annual Mgm't fee                                   2.50% $     75,000 $ 75,000 $ 75,000 $ 75,000 $     75,000 $                75,000    $                                                        75,000 $       525,000
                                                       0 $        -   $      - $      - $      - $        -   $                   -      $                                                           -    $          -
Reserves                                              1% $     30,000 $      - $      - $      - $        -   $                   -      $                                                           -    $       30,000
                                                                                                                                                                                                          $    2,445,000
Cash to Invest                            $    2,445,000


ACQUISITION DETAILS
Average Purchase Price                    $         250,000         Question: assuming transaction costs of $5k each (leaving out 'commissions')
Average Financing                                       50%         Checks & Balances for total # Transactions based on Money Raised
Average Financing Interest Rate                       6.50%

Average Closing Costs/Transaction                                               Net Cash to Invest                     $    2,445,000
 Inspections                              $            325                      Total Number of transactions                        18 plugged in to get to "remaining capital" closest to zero
 Title, Escrow, Processing, Lender Fees   $          3,500                      Total Capital Invested                 $    2,250,000
 Appraisal                                $            500                      Closing Cost Fees                      $       90,000
 Closing Costs                            $          5,000                       Total Cash Invested                   $    2,340,000
                                                                                 Remaining Capital                     $      105,000
Average Commissions                                      0%
Average Dollar Commissions to Fund        $             -

Net Profit To Fund per Acquisition        $          (5,000)


MANAGEMENT DETAILS
Average Rent Collected                    $          1,700
Mgmt' Fee Charged                                       8%
 Monthly Mgm't Fee in Dollars (per house) $            136

FINANCING DETAILS
 Mortgage                                 $            789
 Average Taxes                            $            260
 HOA's                                    $            250
 Reserve                                  $             50
 Total Monthly Costs pre-management       $          1,349
 plus management                          $            136
 Total Monthly Costs with management      $          1,485

Monthly Profit to Partnership/Property    $            215


DISPOSAL OF PROPERTY
 Average Holding Period                   4 years

 Average Sales Price Appreciation over PP               35%
 Average Sales Price in Dollars         $           337,500




Total Invested in Fund                  $    3,000,000
                                        $
Total Returned (before commissions and mgmt) 6,075,000
profit                                  $    3,075,000
1st 20% to Limited Partners                $      615,000
remaining profit                           $    2,460,000

75% to limited partners                    $    1,845,000
25% to General Partner                     $      615,000

                                             $     5,460,000
Total Returned to Investors (including original inv)
Total Profit to limited partners             $     2,460,000
 Return on Investment (excluding time)                   82%

				
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posted:7/11/2011
language:English
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