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