Premium Essay

Residential Case

In: Business and Management

Submitted By Alexandra1
Words 1807
Pages 8
Single Family Residential Case

3007 P ST NW, Washington, DC, 20007

1. Recommendation:

Do not pay in excess of $1,968,000 for the subject property located at 3007 P St NW, Washington, DC, 20007. This value will provide a 10% Internal Rate of Return and a 23.2% average cash-on-cash.

2. Issues:

▪ Rental Rate- One main issue was coming up with the appropriate rental rate. REIS, Costar and various other reports were used based on the NW DC/Georgetown submarket. From these studies, a rental rate of $2.89 per square foot was calculated. Using this calculation, the property would have a monthly rental income of $6,878 ($2.89 x 2,830 sq ft). This approach doesn’t take into consideration the English basement as additional income, parking, superior location, and overall quality and appeal of the property. After conducting more research and speaking to broker Nicki Berg from Colliers International on February 1, 2012 at 10am, a monthly rental price of $11,600 was deemed appropriate given the prestige of the property.

▪ Rental escalation- Based on data from Costar and REIS, a rental escalation of 3.5% was projected. Based on conversations with professionals in the industry, a 4.0% rental escalation was used.

▪ Vacancy Rate- Based on a REIS submarket study, the average vacancy for the NW DC/ Georgetown submarket is 4.0% for a five year annualized forecast. Vacancy generally moves inversely with the strength of the market. That is, the weaker the market, the higher the vacancy. If the market turns, vacancy in such a luxury property could be significantly affected.

▪ Unemployment-A large firm could potentially move out of the area, creating a large vacancy amongst the submarket.

▪ Supply-A large apartment complex could be built in the area increasing the vacancy rate. This concern was eased by the absorption rate in the submarket.

Similar Documents

Free Essay

Fire Hazard

...Development of fire fighting strategies to cope with increasing fire hazard vulnerability in Dhaka city: creating social awareness   Background and present state of the problem Aims The aim of this research paper is to create a social awareness towards fire hazards and draw attention of the concerned administration to improvise the fire fighting strategies and enforce appropriate laws to tackle the problem. Objective To conduct a detailed investigation concerning the increasing fire hazards of Dhaka city to find the best possible solution. To identify the key factors concerning fire incidents. To identify and recommend the responsibility of different actors to create social awareness against fire hazards. To find possible ways to tackle fire hazard and design rescue process in present context. To find variables which are flexible to change, even in the conjusted urban context and can facilitate fire hazard rescue. To attempt to find new type of stratetegy to tackle fire incidents and if required, incorporate new design elements or illustrate conceptual basis of the process.   Possible Outcomes: An in-depth study will bring light to a number of aspects regarding fire hazard incidents. The research will identify the reasons behind fire hazards, its victims, misery and the damages. Also it will bring light upon the possibilities and challenges of fire fighting strategies prevailing in Dhaka city. By analyzing the problem thoroughly,...

Words: 1046 - Pages: 5

Premium Essay

Residential Burglary Case Study

...This memorandum is in reference to your request for explanation as to why case 13-05508, a residential burglary at 410 Manzanita Way, Woodside was not finished by the end of Deputy F. Padilla’s shift. On 06/30/2013, I was assigned as S10, Sergeant for Team I, Headquarters Patrol Division. I replaced Sergeant McTaggart as overtime in his absence from vacation. I have served as S10 on numerous occasions in the past, with the most recent shift on 03/08/2013. On 06/30/2013, the shift was slow during the first half and steadily increased by the early afternoon hours. At 1334 hours, Deputy F. Padilla was dispatched to 410 Manzanita Way for a past tense residential burglary. I did not respond to this call. However, Deputy Richardson did assist Deputy Padilla. During the course of the investigation, it was determined that the unknown suspect entered inside of the residence by removing a window screen and through the unlocked window between the hours of 06/29/13 at 1700 hours and 06/30/13 at 1200 hours. The victim was away from the residence during the listed times. The victim at the time of reporting the burglary was unable to...

Words: 934 - Pages: 4

Free Essay

Holbeck Case Study

...History The area first developed about two hundred years ago in what was then the village of Holbeck. Activities such as flax spinning, iron casting and machine manufacturing were carried out in a range of steam-powered mills and workshops. Interspersed amongst these mills and factories were hundreds of families living in poor conditions in back to back houses. Why was an urban village created? The northern part of Holbeck is an area that is in need of major regeneration and in which there is now strong developer interest. It is also an area that is of great importance both historically, as the cradle of the industrial revolution in Leeds, and architecturally, with two conservation areas and a number of listed buildings including the Grade I Temple Works. The special nature of this area merits a special response from developers that respects the scale and quality of its important buildings, the diversity of the area and its potential to develop into a sustainable community. It was clear from the early schemes to re-develop the area a decade or so ago that this was not happening and that the special quality of the area was being lost. In order for the future of Holbeck to be sustainable, the traditional principles of a village, which include a mixture of living, working and recreational opportunities, need to be adopted. It appeared to be appropriate to regenerate the area as an urban village and the Urban Villages Forum (which promotes urban villages) confirms this. The area...

Words: 1055 - Pages: 5

Free Essay

Solcer

...of these technologies.. The systems based approach refers to the combination of renewable energy supply, electrical or thermal storage together with demand reduction technologies. Funding for the SOLCER project is from the WEFO funded LCRI Convergence Energy Programme which was launched in September 2009 with funding of more than £15 million from the European Regional development Fund, through the Welsh Government & matched with £19 million from Welsh Universities & Industry. The retrofit programme of contracted works saw GB-Sol, WWCG & the WSA with the common aim to integrate low carbon systems - renewable energy supply, storage & demand reduction - into five existing typical residential buildings across Wales to demonstrate how the test systems perform in-situ. These residential buildings are owned by Registered Social Landlords (RSL). The residents were to remain in-situ and planning permission should not be required to allow the works to take place. Demand reduction: • External Wall Insulation...

Words: 713 - Pages: 3

Free Essay

Business Environment

...Synopsis A water tank manufacturing company was established but in order to start its operations it must obtain a license. But the company obtained a “No Objection Letter” by unethical means by publishing notice in the least popular newspaper. Since the public could not be notified, they later complained about the pollution created by the company. The company tried to settle the objection of the public by good words and by giving gifts, but this doesn’t seem to last long. The company is now reluctant to use “incinerators”. Issues One major issue raised in the case is what the company should do to minimize the public complaints on pollution. Should the company also install incinerator? There are numerous factors related to the case such as ethical, environmental, legal, social, political, technological and economic. The company went against ethics by misleading the public by publishing notice on a least popular newspaper. The environmental issue is related to the pollution created by the company. The company was using out-dated technology by not using incinerator. Also it is an economic issue when it comes to installing the incinerator. Facts to support the existence of complaints by the public 1. The notice was published in the least popular newspaper so the villagers didn’t notice it. 2. The objection of the villagers against the pollution was attempted to be silenced by good words and gifts to authority. 3. The company sent a staff member to the plant location...

Words: 521 - Pages: 3

Premium Essay

Fia Analysis

...Services methodology and illustrate the COCS approach from the Skagit County, WA case study.  The American Farmland Trust Cost of Community Services methodology compares the ratio of expenditures to revenue for different land uses, which are used in municipal land-use planning. Land uses, from residential / commercial / industrial , agricultural / and open space, largely determine the different revenues and expenditures of the municipal government because they generated different amounts of revenue from being taxed at different rates. Expenditures also vary from municipal services because different services need to be provided per use like education, police protection, fire protection, roads, and other infrastructural uses. The basic methodology of CCS studies is to first partition land uses into three classes: residential, commercial / industrial, and agricultural / open-space. Expenditures and revenues from the municipal budget are then allocated to the three different land-use categories. Although the specific methodology for fiscal allocations differs among CCS studies, the final result is always a ratio of expenditures over revenues for each of the three land uses. For example, a residential ratio of 1.2 means that for every U.S.$1.00 of revenue raised from residential land uses, U.S.$1.20 of expenditures is spent on residential land uses. Studies then report a separate ratio for residential, commercial/industrial, and agricultural/open-space land uses. A general finding...

Words: 1042 - Pages: 5

Free Essay

Impact of Different Window Types in Regulating Natural Ventilation of Residential Buildings of Dhaka, Bangladesh

...Impact of different window types in regulating natural ventilation of residential buildings of Dhaka, Bangladesh |Md. Nymul Haque¹ |Jinia Sharmeen² | |haque.nymul@gmail.com |jinia_lima@hotmail.com | Abstract Natural ventilation is most desirable for cooling and providing fresh air in residential buildings for better indoor air quality and thermal comfort. The natural ventilation performance is affected by a combination of internal and external factors. External factors include the location, the orientation, the prevailing wind speeds and the building forms of the residential development, which are subject to constraints beyond the control of site planners and architects. Whilst for internal factors like the openings configurations and window types, site planners and architects are always given free hand for a proper design. Dhaka, a city in the Tropics, has become such a city where with rapid urbanization users are moving towards mechanically ventilated buildings putting ever increasing demand on the dwindling energy resources. This paper focuses on the influences of window types on the natural ventilation of residential units in Dhaka in order to improve quality of indoor living environment. Primary objective of the study is an attempt to investigate...

Words: 3285 - Pages: 14

Premium Essay

Residential Eviction: Legal Case Study

...The Ontario Court of Appeal has determined that an illegal act needs to be serious in order to warrant an eviction, since there is no remedy provision provided for Section 61(1) of the Residential Tenancy Act 2006, S.O. 2006, c. 17. In regards to whether an illegal act under the Residential Tenancy Act 2006, S.O. 2006, c. 17 can be municipal, federal, or provincial, the Board looked at Guideline 9, which states “The term "illegal" is not defined in the RTA but would include a serious violation of a federal, provincial or municipal law. If the illegality is trivial or technical, the act or business or occupation might not be considered serious enough to warrant eviction.” Guideline 9 also goes onto say that “An illegal act will be serious if...

Words: 300 - Pages: 2

Premium Essay

Residential Property Damage Case Study

...Do I Need an Insurance Attorney If My Residential Property Sustains Damage? Fire. Wind. Hail. Flood. All of these natural elements cause billions of dollars in damage every year to residential properties. Texas Panhandle residents are well acquainted with this kind of damage. They see some of the highest wind speeds in the country as well as massive thunderstorms that dump hail everywhere. Wild fires are also a concern with the dry conditions often found in this part of Texas. If your residential property sustains damage, the first action you should take is to report it to your insurance company. The second action you should consider is contacting an attorney well versed in handling residential property damage cases. The attorney can help you avoid insurance issues and to maximize your damages claim....

Words: 442 - Pages: 2

Free Essay

Network Opnet Manual

...Lab 1: Evaluating Internet Connection Choices for a Small Home PC Network Objective This lab teaches the basics of using OPNET IT Guru. OPNET IT Guru’s user-friendly interface with drag-and-drop features enable students to effectively model, manage, and troubleshoot real-world network infrastructures. We investigate application performance and capacity planning, by changing the link speed between a home LAN and its ISP. Overview OPNET’s IT Guru provides a Virtual Network Environment that models the behavior of networks, including its routers, switches, protocols, servers, and individual applications. The Virtual Network Environment allows IT managers, network and system planners, and operation’s staff to more effectively diagnose difficult problems, validate changes before they are implemented, and plan for future scenarios such as traffic growth and network failures. You can do “what if” analyses (called scenarios in IT Guru) on network designs, just as you can on spreadsheets with financial business models. However, instead of looking at “bottom line” financial numbers, you will be looking at how response times, latency (delays) and other network performance measures will change under different network design approaches. To create a network simulation (called a project in IT Guru), you specify the nodes (computers, switches, routers, etc.) in your network, the links between nodes, and the applications that will be running on the nodes. In this exercise, the initial simulation...

Words: 5307 - Pages: 22

Free Essay

Architecture and the Environment Paper

...to build buildings. The very core of building design is to find a solution between the affects upon of the building and the environment. According to Arkkelin and Veitch, there are two basic types of buildings, commercial and residence, are designed in order to meet the needs of the clients as well: requirements, needs, and activities which are the commercial and residential (1995). Designing a commercial build needs to address the concern of serving the general public, corporate aspect, and to fulfill the needs of the needs of the society: like schools, prisons, and hospitals to name a few. Taking a closer look at the overall reasoning behind the design of a commercial building is two sided. The first is how the building needs to operate; the building must offer an easy avenue t atients, inmates, merchandise as well as the design must be to facilitate a smooth operation of the building. The second aspect is what the building is offering and maintaining security, privacy, and yet at the same time the means for the ability to interact with others. On the other side of the coin is the design of residential, strives to streamline the functioning of the private needs behind close doors of the residence. This paper will address the differences between the areas referred to above with more detail as well as the floor plans and the over all thoughts of designing these two types of buildings. Designing Commercial Buildings Today’s hospitals are designed to a set standard...

Words: 1462 - Pages: 6

Premium Essay

Real Estate Appriasla Research Paper

...Research Paper: Animal Operations and Residential Property Values Animal operations are more concentrated than ever before with the facilities handling much larger numbers than traditional farms. This research paper was for the analysis of attempting to find a relation between animal feeding and processing operations and the impact this has on the value of the houses in these communities. It is found that a larger concentration of animals impacts the quality of surrounding air and water. These facilities also impact the economic conditions of communities in which they are located. This article formulated together current literature on the topic, which will be useful to appraisers who have to conduct valuations where these facilities are located. This paper was put together since research capabilities have been expanded to get more accurate results; the first research on the topic analyzed 300 sales transactions, followed by another one at 8,090 sales transactions. Also, GIS by local governments has increased which allow researchers to be able to conduct more thorough data. Animal operations (AO) are broadly defined as facilities where animals are raised or brought for slaughter. The takeaway is that AO impact on valuations is related to proximity and size; many other internal factors are also taken into consideration. The study confirms valuations impact from an earlier study at a range of 3.1% to 26% depending on multiple factors. This is crucial for appraisals to be aware...

Words: 315 - Pages: 2

Free Essay

Introduction

...Quarterly Residential Sales Report October – December 2010 “Find Your Future Life” Residential property sales 57 Rathdowne Street Preston * Expected Sale Price : $475,000.00 * Sale Price : $580,000.00 * Mode of Sale : Auction 2/53 Wilson Street Thornbury * Expected Sale Price : $325,000.00 * Sale Price : $383,900.00 * Mode of Sale : Sale 26 Gower Street Collingwood * Expected Sale Price : $650,000.00 * Sale Price : $793,000.00 * Mode of Sale : Auction 77 Miller Street Preston * Expected Sale Price : $635,000.00 * Sale Price : $637,500.00 * Mode of Sale : Auction 115 Jensen Road Fitzroy * Expected Sale Price : $700,000.00 * Sale Price : $748,000.00 * Mode of Sale : Auction 14 Sussex Avenue Preston * Expected Sale Price : $455,000.00 * Sale Price : $512,000.00 * Mode of Sale : Auction 28 Cormack Street Reservoir * Expected Sale Price : $400,000.00 * Sale Price : $431,000.00 * Mode of Sale : Sale 69 Killarney Road Coburg * Expected Sale Price : $400,000.00 * Sale Price : $409,600.00 * Mode of Sale : Auction 12 Moorside Avenue Preston East * Expected Sale Price : $350,000.00 * Sale Price : $389,000.00 * Mode of Sale : Sale 45 St Helena Street Heidelberg * Expected Sale Price : $850,000.00 * Sale Price : $991,300.00 * Mode of Sale : Auction Property Address | Expected Sale Price | Actual Sale Price | Mode...

Words: 436 - Pages: 2

Premium Essay

Case Study: Residential Locksmith, Cypress

...Residential Locksmith, Cypress Residential Locksmith, Cypress has been at the forefront of serving families in Cypress with professional locksmith services year after year, for as long as we can remember. We consider the entire community Cypress as part of our cherished customers, which is why we never fail to ensure our exceptional residential services readily available to them whenever the need arises. As always, we put the community first in everything we do, because we know they expect professionalism and devotion from us. Asides from providing highly economical, low priced and budget friendly locksmith services to the residents of Cypress, other neighboring cities such as Long Beach, Anaheim, La Palma, Stanton and many others also have...

Words: 412 - Pages: 2

Premium Essay

Indian School Days

...Indian School Days Book Review Justin Delorme Introduction The book, “Indian School Days” is an autobiography of the author Basil Johnston, an Ojibwe native from Wasauksing First Nation, in Ontario. This piece by Author, “Basil Johnston”, gives the reader more and more evidence of the structural lifestyle of the Spanish Indian residential school. From the very beginning his writing style links the reader to never put down the book, it is full of action and true events that took place during his lifetime. The book starts off with Mr. Johnston as a young child of ten years, skipping school with another student, an act that they didn’t think would get them both shipped off to a residential school. But as fortunes and his unfortunate luck would have it, the feared Indian agent showed up to Basils door and took himself, along with his 4 year old sister to St. Peter Clavers School, a boarding school run by Jesuit priests at Spanish, which was close to Sudbury, Ontario. With the fear of police and punishment his mother and grandmother got both children ready and there was nothing nobody could say or do to change the mind of the Indian agent. In the pages that were to follow, Basil creates many portraits of the young Indian boys who struggle to adapt to the harsh and inhumane environment of this institution. By looking at some key examples from the book that Basil Johnston wrote, it will show the reader why this would be a good book to read as his writing style is from his own...

Words: 1066 - Pages: 5