| TOY BOX Storage Condominiums | |||||||||||
| What are you waiting for? | |||||||||||
| Rental Unit Rent vs. Own | |||||||||||
| SIZE: | |||||||||||
| Wide | Deep | Total sq.ft. | Sq. ft. rate | Monthly Rent | |||||||
| 15' | 30' | 450 | $0.66 | $300 | |||||||
| 1st Year | 2nd Year (5% incr.) | 3rd Year (5% incr.) | 4th Year (5% incr.) | 5th Year (5% incr.) | 6th Year (5% incr.) | 7th Year (5% incr.) | 8th Year (5% incr.) | 9th Year (5% incr.) | 10th Year (5% incr.) | Total Lease Payment after 10 years | |
| Monthly charge | $300.00 | $315.00 | $331.00 | $348.00 | $365.00 | $383.00 | $402.00 | $422.00 | $443.00 | $465.00 | $45,288 and stilll Paying |
| Annual | $3,600.00 | $3,780.00 | $3,972.00 | $4,176.00 | $4,380.00 | $4,596.00 | $4,824.00 | $5,064.00 | $5,316.00 | $5,580.00 | YOU OWN NOTHING!!! |
| Owned Unit | |||||||||||
| SIZE: | |||||||||||
| Wide | Deep | Total sq.ft. | Cost per ft. | Total Price | 80% Financed | ||||||
| 15' | 30' | 450 | $54.00 | $24,300.00 | $19,440.00 | ||||||
| Value | Value | Value | Value | Value | Value | Value | Value | Value | Value | ||
| 1st Year | 2nd Year | 3rd Year | 4th Year | 5th Year | 6th Year | 7th Year | 8th Year | 9th Year | 10th Year | ||
| $24,300.00 | $24,300.00 | $24,300.00 | $24,300.00 | $24,300.00 | $24,300.00 | $24,300.00 | $24,300.00 | $24,300.00 | $24,300.00 | ||
| Monthly Payment @6%7yr. | Monthly Payment @6%7yr. | Monthly Payment @6%7yr. | Monthly Payment @6%7yr. | Monthly Payment @6%7yr. | Monthly Payment @6%7yr. | Monthly Payment @6%7yr. | Paid Off | Paid Off | Paid Off | Paid Off after 7 Years | |
| 1st Year | 2nd Year | 3rd Year | 4th Year | 5th Year | 6th Year | 7th Year | 8th Year | 9th Year | 10th Year | ||
| $282.58 | $282.58 | $282.58 | $282.58 | $282.58 | $282.58 | $282.58 | $0.00 | $0.00 | $0.00 | ||
| $3,390.36 | $3,390.36 | $3,390.36 | $3,390.36 | $3,390.36 | $3,390.36 | $3,390.36 | $0.00 | $0.00 | $0.00 | ||
| ►Please note: This analysis does not consider using the garage/storage condominium for business purposes. In other words, there is no consideration given | |||||||||||
| for interest deduction or depreciation against business income. Please consult your tax advisor on these potential advantages | |||||||||||
| ►No assumption for appreciation | |||||||||||