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7.1. HRSR 01-03-2022
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7.1. HRSR 01-03-2022
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12/30/2021 10:58:35 AM
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12/30/2021 10:54:47 AM
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City Government
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HRSR
date
1/3/2022
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Financing <br />1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />29 <br />30 <br />31 <br />32 <br />33 <br />34 <br />35 <br />36 <br />37 <br />38 <br />39 <br />40 <br />41 <br />A B C D E <br />FINANCING PERFORMA <br />Jackson Hills 40 unit <br />Square Ft:24,394 <br />Category: <br />Total Project Cost 8,588,174$ <br />Equity Contributions 2,588,174$ <br />Funding Requirement 6,000,000$ <br />Rate Assumption 4.00% <br />Term Assumption ( in years)300 <br />Annual Debt Service 380,043$ <br />Monthly Debt Service 31,670$ <br />Operating Income 638,970$ <br />Operating Expense 282,492$ <br />Income From Operation 356,478$ <br />Debt Service Ratio 0.94 Without Tiff <br />Cash Available For ROI (23,565)$ <br />ROI (cash on cash)-0.91% <br />Cap Rate 4.15% <br />Page 2
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