Juniper Ridge Townhomes - Underwriting Model.xlsx

Underwriting Model · filed October 3, 2020 · deal: Juniper Ridge Townhomes
Tab: Summary
Summary
Going-in cap rate (T-3 NOI / purchase price)5.77%Purchase CAP Rate
Tab: Returns
Returns
Exit, year 6: sale at a 6.02% cap rate$5,740,000Expected Sale Proceeds
Cash-on-cash by year: Y1 4.1%, Y2 4.8%, Y3 5.6%, Y4 6.2%, Y5 6.6%, Y6 6.8%Projected Returns - Yearly (1-10?)
Levered IRR15.6%Expected IRR - Hold
Equity multiple2.19xExpected Equity Multiple - Hold
Hold period6 years (exit 2026)Expected Hold
Tab: Debt
Debt
Rate typeFixedLoan #1 - Floating or Fixed
Interest rate5.11% fixedLoan #1 - Rate
AmortizationAmortizing (30-year schedule)Loan #1 - I/O or Amortizing
Term10 yearsLoan #1 - Term
MaturityOctober 20, 2030Loan #1 - Maturity Date
Tab: Capex
Capex
Renovation program complete2021Last Renovated
Capital budget: Roof $77,000, Unit renovations $275,000, Amenities $33,000; total $385,000Budgeted Capex (by category)
Interior upgrades on 25 of 64 units as they turn, $11,000 per unitUnits to Rehab
On file

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Answers: UW

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