First-Year Performance Projection

22773 North Kane St

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Detroit, MI 48223
3-bedroom 2-bath
Square Feet 955
Purchase Price $26,995
Initial Market Value $26,995
Downpayment $26,995
Loan Origination Fees $0
Depreciable Closing Costs $1,500
Other Closing Costs $0
Initial Cash Invested $28,495
Cost per Square Foot $28
Monthly Rent per Square Foot $0.84

Income Monthly Annual Mortgage Info First Second

Gross Rent $800 $9,600 Loan-to-Value Ratio 0% 0%
Vacancy Losses $0 $0 Loan Amount --- ---
Operating Income $800 $9,600 Monthly Payment --- ---
Loan Type --- ---
Expenses Monthly Annual Term --- ---
Property Taxes ($299) ($3,591) Interest Rate --- ---
Insurance ($42) ($500) Monthly PMI ---
Management Fees ($75) ($900)
Leasing/Advertising Fees $0 $0 Financial Indicators
Association Fees $0 $0 Debt Coverage Ratio N/A
Maintenance $0 $0 Annual Gross Rent Multiplier 3
Other $0 $0 Monthly Gross Rent Multiplier 34
Operating Expenses ($416) ($4,991) Capitalization Rate 17.1%
Cash on Cash Return 16%
Net Performance Monthly Annual Total Return on Investment 16%
Net Operating Income $384 $4,609 Total ROI with Tax Savings 16%
- Mortgage Payments $0 $0
= Cash Flow $384 $4,609 Assumptions
+ Principal Reduction $0 $0 Real Estate Appreciation Rate %
+ First-Year Appreciation $0 $0 Vacancy Rate %
= Gross Equity Income $384 $4,609 Management Fee $75.00
+ Tax Savings $0 $0 Maintenance Percentage %
= GEI w/Tax Savings $384 $4,609 Equity Share Percentage 100%

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