C ardinal T raining Center- 163 acres

 

PLAN I - Rental Program

 

 

Monthly Income Summary

 

            $1000.00         Round House

$2800.00         14 stall barn (200.00 x 14)

$2000.00         10 stall barn (200.00 x 10)

$7200.00         36 stall barn (200.00 x 36)

$3600.00         18 stall barn (200.00 x 18)

$  400.00         3 Stall Stallion Barn with 3 turnout fields

 

                        3 unit Apartment Building

            $650.00           #1        2/1 with garage

            $500.00           #2        1/1 studio

            $600.00           #3        2/1 with garage

                       

Managers Home

          $2500.00                     3/2 with 2 fireplace, pool, 4 stall barn and 20 x 20 equipment building

 

$21,250.00 TOTAL MONTHLY INCOME (excluding track fees)

 

 Race Track Income ($5.00 per day per horse)

                                     Seasonal June-July-Aug-----15-30 horses

                                     Fall /Winter/Spring- Sept.- May----15-80 horses per day

 

 

Yearly Income Summary

 

$255,000        Rent per year ($21,250 x 12 months)

-   49,800        Expenses (estimated) ($4150.00 x 12 months)

 

$ 205,200  yearly net rental income

 

$ + 18,000.00  (+ track income)          ($1500.00 x 12)

Potential of 1500.00 per month

 

Total Yearly Potential Income:   $ 223,200.00 for Plan I

 

 

 

PLAN II -Complete Training of Race Horses

 

 Training Income

 

$45.00 per day for complete training of race horses

 

   45.00             per day full training

X     30                        days in a month

$1350.00         per horse per month

    x   100         100 stalls

$135,000.00    per month income

    x      12        months

$1,620,000.00

-    648,000.00   less approx. 40% expenses

 

$ 972,000.00 potential yearly income

 

 

 

Rental Income

 

Monthly          Building

 

$1000.00         Round House

 

                        Three  unit Apartment Building

$600.00           #1        2/1 with garage

$500.00           #2        1/1 studio

$600.00           #3        2/1 with garage

                        Managers Home

**        $1500.00         3/2 with 2 fireplace, pool, 4 stall barn and 20 x 20 equipment building

   $4200.00      Per month rental income

X           12      months

 

$ 50,400 Yearly rental income

 

 

 Annual Income Summary

 

$972,000.00                Potential yearly income for complete training

$50,400.00                  Rent per year ($4,200.00 x 12 months)

 

$1,022,400.00      Annual net income

 

 

 

Total Yearly Potential Income:   $ 1,022,400.00 for Plan II

 

 

 

 Estimated Farm Expenses

Monthly

 

$1600.00                     Farm Help- Contract labor. Mowing grounds, fence repairs, hedges, round up fence      lines (Independent Contractor)    (No Workman’s Comp)

$1000.00                     Farm Insurance and Liability

$400.00                       Equipment Maintenance: Service, repairs

$400.00                       Farm Materials: Fencing, roundup, plumbing, electrical, etc.

$250.00                       Track Maintenance

$500.00                       Farm Electrical per month- 13 meters. Seasonal.

                             Higher in summer/lower in winter

 

$4150.00              ESTIMATED TOTAL MONTHLY EXPENSES

 X        12                    months

$ 49,800.00                   ESTIMATED TOTAL ANNUAL EXPENSES