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This report shows the results of a projected sale of the Apartment Development on 31 December 2012. The Sale Price of $9,394,865 is projected by using a Net Capitalization Rate of 11% on the Net Operating Income of $1,033,435 projected to be received during the previous 12 months, according to the analysis assumptions.
| Analysis of Sale Proceeds | |||
| Sale Price (as discussed above) | $9,394,865 | ||
| - Costs of Sale (6%) | 563,692 | ||
| - Loan Balances | 3,738,194 | ||
| - Prepayment Penalties | 0 | ||
| Sale Proceeds Before Tax | $5,092,979 | ||
| Analysis of Capital Gain Results | |||
| Sale Price | $9,394,865 | ||
| - Capitalized Costs of Sale (100%) | 563,692 | ||
| Net Sale Price for Tax Purposes | $8,831,173 | ||
| Property Basis at Acquisition | $0 | ||
| + Capitalized Closing Costs (100%) | 0 | ||
| + Capital Additions | 6,080,363 | ||
| - Depreciation Taken | 1,011,292 | ||
| + Excess Depreciation Recaptured | 0 | ||
| Adjusted Basis at Sale | 5,069,072 | ||
| Capital Gain (or Loss) | $3,762,102 | ||
| - Suspended Passive Losses | 0 | ||
| Net Capital Gain (or Loss) | $3,762,102 | ||
| - Cost Recovery Recaptured | 1,011,292 | ||
| Adjusted Net Capital Gain (or Loss) | $2,750,810 | ||
| Cost Recovery Recapture Tax (@ 25%) | (252,823) | ||
| Tax on Adjusted Net Capital Gain (@ 20%) | (550,162) | ||
| Expenses Recognized at Sale | |||
| Expensed Costs of Sale | 0 | ||
| + Accrued Loan Interest | 0 | ||
| + Unamortized Points | 0 | ||
| + Prepayment Penalties | 0 | ||
| - Excess Depreciation Recaptured | 0 | ||
| Total Expenses Recognized at Sale | 0 | ||
| Tax Savings Due to Sale Expenses (@ 39.6%) | 0 | ||
| Net Taxable Income | $3,762,102 | ||
| After Tax Cash Proceeds of Sale | $4,289,994 |
The data and calculations presented herein, while not guaranteed,
have been obtained from sources we believe to be reliable.
Produced by planEASe from Analytic Associates (800) 959-3273
The data and calculations presented herein, while not guaranteed,
have been obtained from sources we believe to be reliable.
Produced by planEASe from Analytic Associates (800) 959-3273