The financial numbers are
listed below.
|
1/3 Share |
| Purchase price |
$ 380,000.00 |
| Down payment |
$ 240,000.00 |
| Financing |
$ 140,000.00 |
| Sales tax |
$ 22,800.00 |
| Initial Capitalization For operating account |
*$ 15,000.00 |
|
*This covers insurance down payment, maintenance account,
1st months’ payment. This account is replenished from
monthly operating expenses. |
| Initial cash requirements |
$ 240,000.00 |
| Sales tax |
$ 22,800.00 |
| Initial operating account capital |
$ 15,000.00 |
|
$ 277,800.00
(Divided by 3 owners) |
| |
| Prorated share each owner |
$
92,600.00 |
| 1st months' hourly charge |
$ 7,885.00
(Based on 16.6 hrs) |
| Total initial cost per share |
$ 100,485.00 |
| **Monthly payment |
$ 3,166.67
(Divided by 3 owners) |
| Monthly payment per share |
$ 1,055.55 |
| ** Loan based on 18 month
balloon at 10% interest. |
|
