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Tower Point Apartments (demo)

Input array: AVI

AVI[2] Land cost (/acre or /sq.ft.)(Total $ if AVI[1]=0) 990000
AVI[12] Land development 16643.60938
AVI[13] Building cost ($/sq.ft.if AVI[101]=sq.ft.) 38.09206542
AVI[18] Misc. admin 5943.947917
AVI[21] Contingency, errors & ommissions 2122.838542
AVI[41] Other income/unit (vacancy applies;ex.AVI[7]units) 669.5989583
AVI[53] Vacancy rate (in normal operating years) 0.05
AVI[55] Operating expenses (fixed, per unit) 825
AVI[56] Variable expenses (percent of income) 0.3194474264
AVI[60] Capital replacement (decimal of DFI or $/unit/yr) 250
AVI[61] 1st mortgage loan to value Ratio or $ Amount 5,567,000
AVI[62] 1st mortgage interest rate 0.0704
AVI[63] 1st mortgage term in Years (0=interest only) 30
AVI[64] 1st mortgage months Til Balloon 216
AVI[65] 2nd mortgage loan to value ratio or $ amount 349500
AVI[66] 2cd mortgage interest rate 0.03
AVI[67] 2cd mortgage term in years (0=interest only) 31.057
AVI[68] 2cd mortgage months til balloon 360
AVI[69] Who provides 2nd mortgage (see AVI[ 65]) 4
AVI[87] Equity contribution ($ or % Costs Less Land&Fin.) 7,430,348
AVI[131] Annual Growth Rate for Gross Income MV[1] 0.03
AVI[132] Annual Growth Rate for Operating Expenses MV[2] 0.0389255
AVI[156] Inv.Returned Before Dist.in End.Vlu.(0) or Inv.Ignored (1) MV[29] 1
AVI[200] Developer fee (deferred) 2808.61


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