First-Year Performance Projection

19750 Mark Twain

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Detroit, MI 48235
3-bedroom 2-bath
Square Feet 866
Purchase Price $26,995
Initial Market Value $26,995
Downpayment $26,995
Loan Origination Fees $0
Depreciable Closing Costs $1,500
Other Closing Costs and Fixup $0
Initial Cash Inv ested $28,495
Cost per Square Foot $31
Monthly Rent per Square Foot $0.87

Income Monthly Annual Mortgage Info First Second

Gross Rent $750 $9,000 Loan-to-Value Ratio 0% 0%
Vacancy Losses $0 $0 Loan Amount --- ---
Operating Income $750 $9,000 Monthly Payment --- ---
Loan Type --- ---
Expenses Monthly Annual Term --- ---
Property Taxes ($164) ($1,964) Interest Rate --- ---
Insurance ($50) ($600) 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 36
Operating Expenses ($289) ($3,464) Capitalization Rate 20.5%
Cash on Cash Return 19%
Net Performance Monthly Annual Total Return on Investment 19%
Net Operating Income $461 $5,536 Total ROI with Tax Sav ings 19%
- Mortgage Payments $0 $0
= Cash Flow $461 $5,536 Assumptions
+ Principal Reduction $0 $0 Real Estate Appreciation Rate %
+ First-Year Appreciation $0 $0 Vacancy Rate %
= Gross Equity Income $461 $5,536 Management Fee $75.00
+ Tax Savings $0 $0 Maintenance Percentage %
= GEI w/Tax Savings $461 $5,536 Equity Share Percentage 100%

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