to home page  Home   E-Mail  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



 Home   E-Mail  home at CD root