MAQUECH APARTMENT - CASHFLOW 9 YEARS

YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 6 YEAR 7 YEAR 8 YEAR 9

ROOMS 1 1 1 1 1 1 1 1 1
ADR (AVERAGE DAILY RATE) INCREMENTAL 6.5% $ 5,649.23 $ 5,988.18 $ 6,347.47 $ 6,728.32 $ 7,132.02 $ 7,559.94 $ 8,013.54 $ 8,494.35 $ 9,004.01
OCCUPANCCY % 82% 82% 82% 85% 87% 88% 89% 89% 89%
AVAILABLE NIGHTS 365 365 365 365 365 365 365 365 365
ROOM NIGHTS SOLD 300 300 300 310 318 321 325 325 325
PROPERTY VALUE (MEXICAN PESOS) $ 9,652,500.00

REVENUE $ 1,693,977.90 $ 1,795,616.57 $ 1,903,353.57 $ 2,087,462.05 $ 2,264,773.54 $ 2,428,253.74 $ 2,603,198.39 $ 2,759,390.29 $ 2,924,953.71

TOTAL EXPENSES $ 907,407.14 $ 956,994.38 $ 1,009,434.20 $ 1,090,561.58 $ 1,169,869.23 $ 1,248,814.78 $ 1,328,708.72 $ 1,402,499.36 $ 1,480,553.06
OTAS (Online travel agencies) Comissions 18% $ 243,932.82 $ 258,568.79 $ 274,082.91 $ 300,594.54 $ 326,127.39 $ 349,668.54 $ 374,860.57 $ 397,352.20 $ 421,193.33
Property management comission 20% $ 290,009.02 $ 307,409.56 $ 325,854.13 $ 357,373.50 $ 387,729.23 $ 415,717.04 $ 445,667.56 $ 472,407.62 $ 500,752.07
Home care fee $ 40,068.00 $ 40,068.00 $ 40,068.00 $ 40,068.00 $ 40,068.00 $ 44,074.80 $ 44,074.80 $ 44,074.80 $ 44,074.80
Utilities $ 118,578.45 $ 124,507.38 $ 130,732.74 $ 137,269.38 $ 144,132.85 $ 151,339.49 $ 158,906.47 $ 166,851.79 $ 175,194.38
HOA (Homeowners association) $ 126,732.00 $ 133,068.60 $ 139,722.03 $ 146,708.13 $ 154,043.54 $ 161,745.71 $ 169,833.00 $ 178,324.65 $ 187,240.88
Maintenance supplies (1.7%) $ 28,797.62 $ 30,525.48 $ 32,357.01 $ 35,486.85 $ 38,501.15 $ 41,280.31 $ 44,254.37 $ 46,909.63 $ 49,724.21
Laundry (1.5%) $ 25,409.67 $ 26,934.25 $ 28,550.30 $ 31,311.93 $ 33,971.60 $ 36,423.81 $ 39,047.98 $ 41,390.85 $ 43,874.31
Unforseen expenses (2%) $ 33,879.56 $ 35,912.33 $ 38,067.07 $ 41,749.24 $ 45,295.47 $ 48,565.07 $ 52,063.97 $ 55,187.81 $ 58,499.07

NET CASH FLOW $ 9,652,500.00 $ 786,570.76 $ 838,622.19 $ 893,919.36 $ 996,900.47 $ 1,094,904.30 $ 1,179,438.96 $ 1,274,489.67 $ 1,356,890.93 $ 1,444,400.64

ENDING CASH BALANCE $ 9,652,500.00 $ 10,439,070.76 $ 11,277,692.95 $ 12,171,612.32 $ 13,168,512.79 $ 14,263,417.10 $ 15,442,856.06 $ 16,717,345.73 $ 18,074,236.66 $ 19,518,637.30

EARNINGS BEFORE TAXES $ 786,570.76 $ 1,625,192.95 $ 2,519,112.32 $ 3,516,012.79 $ 4,610,917.10 $ 5,790,356.06 $ 7,064,845.73 $ 8,421,736.66 $ 9,866,137.30
-8% -17% -26% -36% -48% -60% -73% -87% -102%