Income Schedule 2016 2017

Gross Retal Income 1080000.00

Operating Cost 55000.00 55000.00
Net Rental Income 1025000.00
Interest Payment 437500.00
FCF avaliable for debt repayment 587500.00
Mortgage Schedule
Opening Balance 0.00 3500000.00
Borrowings/Repayments 3500000.00 -587500.00
Closing Balance = opening - repayment/Borrowings 3500000.00 2912500.00
Capitalization Schedule(abs)
Debt 3500000.00 2912500.00
Equity 1500000.00 2087500.00
Total 5000000.00 5000000.00
Ownership Schedule(%)
Debt 0.70 0.58
Equity 0.30 0.42
Total 1.00 1.00

FCF generated is more than suffcicent to cover the v

full ownership is achieved (D =0%, E=100%)
also extra cash flow(269552.61) this belongs purely
Therefore, total equity worth at the end of 2021 is 5

CAGR (ROE) = (Final Equity/Initial Equity)^(1/No of years) - 1)% 0.2857

28.57
 2018 2019 2020 2021
1080000.00 1080000.00 1080000.00 1080000.00
55000.00 55000.00 55000.00 55000.00
1025000.00 1025000.00 1025000.00 1025000.00
364062.50 281445.31 188500.98 83938.60
660937.50 743554.69 836499.02 941061.40

2912500.00 2251562.50 1508007.81 671508.79

-660937.50 -743554.69 -836499.02 -671508.79
2251562.50 1508007.81 671508.79 0.00

2251562.50 1508007.81 671508.79 0.00

2748437.50 3491992.19 4328491.21 5000000.00
5000000.00 5000000.00 5000000.00 5000000.00

0.45 0.30 0.13 0.00

0.55 0.70 0.87 1.00
1.00 1.00 1.00 1.00

suffcicent to cover the value of outstanding debt

D =0%, E=100%)
61) this belongs purely to the equity holder
h at the end of 2021 is 5269553(50L+269553)
Rate of Interest = 12.5% 0.125

excess available 269552.61

Income Schedule 2016 2017
Gross Retal Income 540000.00
Operating Cost 55000.00 55000.00
Net Rental Income 1025000.00
Interest Payment 437500.00
FCF avaliable for debt repayment 587500.00
Mortgage Schedule
Opening Balance 0.00 3500000.00
Borrowings/Repayments 3500000.00 -587500.00
Closing Balance = opening - repayment/Borrowings 3500000.00 2912500.00
Capitalization Schedule(abs)
Debt 3500000.00 2912500.00
Equity 1500000.00 2087500.00
Total 5000000.00 5000000.00
Ownership Schedule(%)
Debt 0.70 0.58
Equity 0.30 0.42
Total 1.00 1.00
 2018 2019 2020 2021
540000.00 540000.00 540000.00 540000.00
55000.00 55000.00 55000.00 55000.00
1025000.00 1025000.00 1025000.00 1025000.00
364062.50 281445.31 188500.98 83938.60
660937.50 743554.69 836499.02 941061.40

2912500.00 2251562.50 1508007.81 671508.79

-660937.50 -743554.69 -836499.02 -671508.79
2251562.50 1508007.81 671508.79 0.00

2251562.50 1508007.81 671508.79 0.00

2748437.50 3491992.19 4328491.21 5000000.00
5000000.00 5000000.00 5000000.00 5000000.00

0.45 0.30 0.13 0.00

0.55 0.70 0.87 1.00
1.00 1.00 1.00 1.00
rate of interest = 14.75