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Purchasing
vs. Leasing Analysis
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| Prepared
For: |
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Square
Feet: |
3,879 |
| Date: |
November
4, 2003 |
$/Sq.Ft. |
$175.00 |
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Owner
Finish/Sq.Ft. |
$35.00 |
| Purchase
Price: |
$678,825 |
Cost -
Owner Finish |
$135,765 |
| Total
Cost: |
$814,590 |
Est.
Common Area Maint. |
$4.50 |
| Down
Payment: |
$81,459 |
Est.
CAM Escalator: |
3.00% |
| Loan
Amount: |
$733,131 |
Percent
Down Payment: |
10.00% |
| Est.
Closing Costs: |
$16,292 |
Interest
Rate: |
6.30% |
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Term/Years: |
25 |
| Cash
Required: |
$97,751 |
Monthly
Payment: |
$4,858.92 |
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| Est.
Lease Rate: |
$15.00 |
Appreciation
Factor: |
2.50% |
| Annual
Escalation: |
3.00% |
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| Space
Add-On Factor: |
15.50% |
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Your
Personal Analysis:
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| Cost
to Lease (10 yrs) |
$1,001,539 |
Cost to
Own (10 yrs) |
$379,441 |
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(after
Equity Build-up) |
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| Avg.
Cost/Square Foot |
$25.82 |
Avg.
Cost/Square Foot |
$9.78 |
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| YOU
SAVE |
$622,099 |
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Cost to
Own (10 yrs) |
$607,595 |
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(with
no appreciation) |
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Avg.
Cost/Square Foot |
$15.66 |
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| YOU
SAVE |
$393,945 |
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Note: No warranty or representation,
expressed or implied, is made as to the accuracy of the information
contained herein and same is submitted subject to errors,
omissions, change in price, rental or other conditions, withdrawal
without notice and subject to any special conditions imposed
by owners.
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348 Park Avenue North •
Winter Park, Florida 32789 • Tel: (407) 644-6550 •
Fax: (407) 644-9337
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