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FO
R S
AL
ETreasure Coast Condominium
$3,222,000 | MultiFamily
245 McDonald
Biloxi, MS 39531
Michael Madden, CCIMBroker, Equity Real Estate(228) 326-4258mike@getsomeequity.comB-13469
3638 Bienville BlvdGulfport, MS 39564228-222-2074 (p)228-284-4433 (f)www.GetSomeEquity.com
PROPERTY HIGHLIGHTS
92 Units●
One, Two & Three Bedroom Mix●
HOA Insured & Maintains Property●
HOA Majority Vote●
Walking Distance to Biloxi Beach●
Cash Flow AnalysisTreasure Coast Condominium
245 McDonaldBiloxi, MS 39531
Michael Madden, CCIM(228) 326-4258
Description Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10
GROSS SCHEDULED INCOME $619,200 $637,776 $656,909 $676,617 $696,915 $717,823 $739,357 $761,538 $784,384 $807,916
Turnover Vacancy ($49,536) ($51,022) ($52,553) ($54,129) ($55,753) ($57,426) ($59,149) ($60,923) ($62,751) ($64,633)
Total Operating Expenses ($292,666) ($292,666) ($292,666) ($292,666) ($292,666) ($292,666) ($292,666) ($292,666) ($292,666) ($292,666)
NET OPERATING INCOME $276,998 $294,088 $311,691 $329,821 $348,496 $367,731 $387,543 $407,949 $428,967 $450,616
Loan Payment ($191,537) ($191,537) ($191,537) ($191,537) ($191,537) ($191,537) ($191,537) ($191,537) ($191,537) ($191,537)
NET CASH FLOW (b/t) $85,461 $102,551 $120,154 $138,285 $156,959 $176,194 $196,006 $216,412 $237,431 $259,080
Cash On Cash Return b/t 13.16% 15.79% 18.50% 21.29% 24.17% 27.13% 30.18% 33.32% 36.56% 39.90%
Footnotes: b/t = before taxes;a/t = after taxes
page 2 of 18
Cash Flow AnalysisTreasure Coast Condominium
245 McDonaldBiloxi, MS 39531
Michael Madden, CCIM(228) 326-4258
Description Year 11 Year 12 Year 13 Year 14 Year 15 Year 16 Year 17 Year 18 Year 19 Year 20
GROSS SCHEDULED INCOME $832,153 $857,118 $882,831 $909,316 $936,596 $964,693 $993,634 $1,023,443 $1,054,147 $1,085,771
Turnover Vacancy ($66,572) ($68,569) ($70,626) ($72,745) ($74,928) ($77,175) ($79,491) ($81,875) ($84,332) ($86,862)
Total Operating Expenses ($292,666) ($292,666) ($292,666) ($292,666) ($292,666) ($292,666) ($292,666) ($292,666) ($292,666) ($292,666)
NET OPERATING INCOME $472,915 $495,882 $519,539 $543,905 $569,002 $594,852 $621,477 $648,902 $677,149 $706,243
Loan Payment ($191,537) ($191,537) ($191,537) ($191,537) ($191,537) ($191,537) ($191,537) ($191,537) ($191,537) ($191,537)
NET CASH FLOW (b/t) $281,378 $304,346 $328,002 $352,368 $377,465 $403,315 $429,941 $457,365 $485,612 $514,707
Cash On Cash Return b/t 43.33% 46.87% 50.51% 54.26% 58.13% 62.11% 66.21% 70.43% 74.78% 79.26%
Footnotes: b/t = before taxes;a/t = after taxes
page 3 of 18
Operating Income AnalysisTreasure Coast Condominium
245 McDonaldBiloxi, MS 39531
Michael Madden, CCIM(228) 326-4258
Year 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
$800,000
$900,000
$1,000,000
Legend
GROSS OPERATING INCOME NET OPERATING INCOME NET CASH FLOW (b/t)
page 11 of 18
Cumulative Wealth AnalysisTreasure Coast Condominium
245 McDonaldBiloxi, MS 39531
Michael Madden, CCIM(228) 326-4258
Year 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
$830,000
$1,660,000
$2,490,000
$3,320,000
$4,150,000
$4,980,000
$5,810,000
$6,640,000
$7,470,000
$8,300,000
Legend
Equity (loan reduction) Equity (appreciation) CASH FLOW (a/t)
page 12 of 18
Annual Property Operating DataTreasure Coast Condominium
245 McDonaldBiloxi, MS 39531
Michael Madden, CCIM(228) 326-4258
Description Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10
Rental Income $619,200 $637,776 $656,909 $676,617 $696,915 $717,823 $739,357 $761,538 $784,384 $807,916
GROSS SCHEDULED INCOME $619,200 $637,776 $656,909 $676,617 $696,915 $717,823 $739,357 $761,538 $784,384 $807,916
Turnover Vacancy ($49,536) ($51,022) ($52,553) ($54,129) ($55,753) ($57,426) ($59,149) ($60,923) ($62,751) ($64,633)
GROSS OPERATING INCOME $569,664 $586,754 $604,357 $622,487 $641,162 $660,397 $680,209 $700,615 $721,633 $743,282
Expenses
Condominium Association Fee ($203,366) ($203,366) ($203,366) ($203,366) ($203,366) ($203,366) ($203,366) ($203,366) ($203,366) ($203,366)
Building Insurance ($6,800) ($6,800) ($6,800) ($6,800) ($6,800) ($6,800) ($6,800) ($6,800) ($6,800) ($6,800)
Maintenance ($46,000) ($46,000) ($46,000) ($46,000) ($46,000) ($46,000) ($46,000) ($46,000) ($46,000) ($46,000)
Taxes - Real Estate ($36,500) ($36,500) ($36,500) ($36,500) ($36,500) ($36,500) ($36,500) ($36,500) ($36,500) ($36,500)
TOTAL OPERATING EXPENSES ($292,666) ($292,666) ($292,666) ($292,666) ($292,666) ($292,666) ($292,666) ($292,666) ($292,666) ($292,666)
NET OPERATING INCOME $276,998 $294,088 $311,691 $329,821 $348,496 $367,731 $387,543 $407,949 $428,967 $450,616
page 13 of 18
Annual Property Operating DataTreasure Coast Condominium
245 McDonaldBiloxi, MS 39531
Michael Madden, CCIM(228) 326-4258
Description Year 11 Year 12 Year 13 Year 14 Year 15 Year 16 Year 17 Year 18 Year 19 Year 20
Rental Income $832,153 $857,118 $882,831 $909,316 $936,596 $964,693 $993,634 $1,023,443 $1,054,147 $1,085,771
GROSS SCHEDULED INCOME $832,153 $857,118 $882,831 $909,316 $936,596 $964,693 $993,634 $1,023,443 $1,054,147 $1,085,771
Turnover Vacancy ($66,572) ($68,569) ($70,626) ($72,745) ($74,928) ($77,175) ($79,491) ($81,875) ($84,332) ($86,862)
GROSS OPERATING INCOME $765,581 $788,548 $812,205 $836,571 $861,668 $887,518 $914,143 $941,568 $969,815 $998,909
Expenses
Condominium Association Fee ($203,366) ($203,366) ($203,366) ($203,366) ($203,366) ($203,366) ($203,366) ($203,366) ($203,366) ($203,366)
Building Insurance ($6,800) ($6,800) ($6,800) ($6,800) ($6,800) ($6,800) ($6,800) ($6,800) ($6,800) ($6,800)
Maintenance ($46,000) ($46,000) ($46,000) ($46,000) ($46,000) ($46,000) ($46,000) ($46,000) ($46,000) ($46,000)
Taxes - Real Estate ($36,500) ($36,500) ($36,500) ($36,500) ($36,500) ($36,500) ($36,500) ($36,500) ($36,500) ($36,500)
TOTAL OPERATING EXPENSES ($292,666) ($292,666) ($292,666) ($292,666) ($292,666) ($292,666) ($292,666) ($292,666) ($292,666) ($292,666)
NET OPERATING INCOME $472,915 $495,882 $519,539 $543,905 $569,002 $594,852 $621,477 $648,902 $677,149 $706,243
page 14 of 18
DemographicsTreasure Coast Condominium
245 McDonaldBiloxi, MS 39531
Michael Madden, CCIM(228) 326-4258
Population Characteristic 1 Mile 3 Mile 5 Mile
AGES 0-4 364 1,477 3,318
AGES 5-9 473 1,806 4,120
AGES 10-14 415 1,593 3,668
AGES 15-19 375 1,522 3,480
AGES 20-24 345 1,750 3,705
AGES 25-29 342 1,955 3,892
AGES 30-34 362 2,029 3,953
AGES 35-39 371 1,959 3,909
AGES 40-44 382 1,855 3,900
AGES 45-49 390 1,769 3,939
AGES 50-54 332 1,603 3,736
AGES 55-59 288 1,437 3,407
AGES 60-64 224 1,238 2,929
AGES 65-69 154 1,017 2,371
AGES 70-74 95 776 1,774
AGES 75-79 82 578 1,274
AGES 80-84 65 400 811
AGES 85+ 98 532 1,000
Household Income 1 Mile 3 Mile 5 Mile
Median Household Income $41,568 $45,139 $44,677
< $10000 263 512 1,200
$10000-$14999 126 758 1,429
$15000-$19999 111 476 1,296
$20000-$24999 133 790 1,689
$25000-$29999 146 567 1,485
$30000-$34999 195 533 1,231
$35000-$39999 129 559 1,210
$40000-$44999 97 501 1,302
$45000-$49999 198 517 981
$50000-$60000 112 747 2,080
$60000-$74000 129 935 2,491
$75000-$99999 254 1,024 2,381
$100000-$124999 108 642 1,454
$125000-$149999 32 263 521
$150000-$199999 37 293 502
> $200000 14 280 669
Race Characteristic 1 Mile 3 Mile 5 Mile
Non Hispanic White 3,390 18,131 39,040
Population Black 1,044 4,458 10,497
Population Am In/AK Nat 10 20 66
Characteristic Housing 1 Mile 3 Mile 5 Mile
Housing Units 2,830 11,885 27,159
Occupied Housing Units 2,103 9,445 22,223
Owner Occupied Housing Units 825 4,634 10,874
Renter Occupied Housing Units 1,278 4,811 11,349
Vacant Housing Units 727 2,440 4,936
page 15 of 18
Aerial MapTreasure Coast Condominium
245 McDonaldBiloxi, MS 39531
Michael Madden, CCIM(228) 326-4258
page 16 of 18
Location MapTreasure Coast Condominium
245 McDonaldBiloxi, MS 39531
Michael Madden, CCIM(228) 326-4258
page 17 of 18
Regional MapTreasure Coast Condominium
245 McDonaldBiloxi, MS 39531
Michael Madden, CCIM(228) 326-4258
page 18 of 18
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