PURCHASE, SALE & FINANCING METRICS Flashcards
UNLEVERED CASHFLOWS
CF’S WHEN NO DEBT IS USED
100% EQUITY FINANCING
3 UNLEVERED CASHFLOWS
(POR)
PURCHASE
OPERATIONS
RESALE
UNLEVERED CF - PURCHASE
PURCHASE PRICE
+ CLOSING COSTS & FEES
+ CONSTRUCTION/RENOVATION COSTS
UNLEVERED CF - PURCHASE
UNLEVERED CF - OPERATIONS
EFFECTIVE GROSS INCOME
- OPERATING EXPENSES
NOI
- CAPITAL EXPENSES
CF BEFORE DEBT SERVICE
UNLEVERED CF - RESALE
SALES PRICE
- CLOSING COSTS
AMOUNT REALIZED/UNLEVERED CF - RESALE
LEVERED CASHFLOWS
CF’S CONSIDERING DEBT FINANCING
3 LEVERED CF’S
PURCHASE
OPERATIONS
RESALE
LEVERED CF - PURCHASE
PURCHASE PRICE
+ CLOSING COST & FEES
+ CONSTRUCTION / RENOVATION COST
TOTAL PURCHASE PRICE
- NET LOAN PROCEEDS
LEVERED CF - PURCHASE
NET LOAN PROCEEDS
LOAN AMOUNT
- CLOSING COSTS & FEES
NET LOAN PROCEEDS
LEVERED CF - OPERATIONS
EGI
- OPERATING EXPENSES
NET OPERATING INCOME
- CAPITAL EXPENSES
CF BEFORE DEBT SERVICE
- DEBT SERVICE
CF AFTER DEBT SERVICE / BTCF
LEVERED CF - RESALE
SALES PRICE
- SALES COST
NET SALES PROCEEDS
- UNPAID DEBT & PREPAYMENT PENALTY
LEVERED CF - RESALE