INTERNATIONAL CONFERENCE CENTRE |
| ADRIAN BRETT |
| ANASTASIYA BURCHEVSKA |
| MAURICE (MOE) McILWAIN |
Existing Conditions and OCC Site Description
Cost Benefit Analysis for International Conference Centre
| Your new home costs: | $911,532,125 | ||||
| Your downpayment must be: | 40% | ||||
| Your equity (downpayment) is: | $364,612,850 | ||||
| Your First Mortgage is: | $546,919,275 | ||||
| Your interest rate is: | 6.00% | ||||
| Your amortization period is: | 25 | years | |||
| Your Gross Revenue is: | $9,606,103 | per month | |||
| Your mortgage cost is: | ($42,783,700.01) | per year | |||
| Your property taxes are: | 1.10% | ($10,026,853.38) | |||
| Your Net Income is: | $62,462,679 | per year | |||
| The annual inflation rate in commercial space is: | 1.25% | ||||
| You sell the building after: | $969,945,067 | 5 years | |||
| Principal paid on your mortgage is: | |||||
| Year 1 | ($9,968,543.51) | ||||
| Year 2 | ($10,566,656.12) | ||||
| Year 3 | ($11,200,655.49) | ||||
| Year 4 | ($11,872,694.82) | ||||
| Year 5 | ($12,585,056.51) | ||||
| Total | ($56,193,606.44) | ||||
| Principal remaining upon sale | $490,725,669 | ||||
| Real Estate Commission Payable: | 7% | ($67,896,154.67) | upon sale | ||
| Legal Fees on sale: | ($700.00) | ||||
| Your cashflow profile is: | |||||
| Year 0 | -364,612,850 | ||||
| Year 1 | $62,462,679 | ||||
| Year 2 | $62,462,679 | ||||
| Year 3 | $62,462,679 | ||||
| Year 4 | $62,462,679 | ||||
| Year 5 | $473,785,222 | ||||
| Your IRR is: | |||||
| 18.9% | |||||
| *Please note that the condo sales in the building are not included in this calculation. | |||||
| The net total we have calculated in condo sales is a total of $302,940,000. That is extra revenue not included in | |||||