FREE REAL ESTATE PRO-FORMA

Instructions: Only fill out and change the yellow cells on every tab, as everything else will automatically popula

Key Assumptions
Interest Rate 5.25%
Number Purchase Monthly Rent
Address Size
Amortization Period of Units Price Per Unit
20
(years)

x beds x baths,
Percentage Down 25% Address - $ -
xxxx sq ft

x beds x baths,
Closing Costs 3% Address - $ -
xxxx sq ft

Rental Increase x beds x baths,

Projections
2% Address - $ -
xxxx sq ft

Operating Expense x beds x baths,

Projections
2% Address - $ -
xxxx sq ft

House Price x beds x baths,

Appreciation
5% Address - $ -
xxxx sq ft

x beds x baths,
Vacancy Rate 10% Address - $ -
xxxx sq ft

x beds x baths,
Income Taxes 33% Address - $ -
xxxx sq ft

x beds x baths,
Address - $ -
xxxx sq ft

x beds x baths,
Address - $ -
Monthly Operating Expense xxxx sq ft
Assumptions
 Repairs &
$100
Maintenance per unit

Property Mangement
5%
Fees

Property Taxes 0.13%

Insurance cost
0.03%
multiple

Salaries and Wages $0

Utilities $0

Trash Removal $0

Professional Fees $0

Advertising $0

Other $0
ll automatically populate

Target Properties

Pre-Tax Cashflow From Ops Annualized IRR

Year 1 Year 2 Year 3 Year 4 Year 5 Year 1 Year 3 Year 5

$0 $0 $0 $0 $0 Err:502 Err:502 Err:502

$0 $0 $0 $0 $0 Err:502 Err:502 Err:502

$0 $0 $0 $0 $0 Err:502 Err:502 Err:502

$0 $0 $0 $0 $0 Err:502 Err:502 Err:502

$0 $0 $0 $0 $0 Err:502 Err:502 Err:502

$0 $0 $0 $0 $0 Err:502 Err:502 Err:502

$0 $0 $0 $0 $0 Err:502 Err:502 Err:502

$0 $0 $0 $0 $0 Err:502 Err:502 Err:502

$0 $0 $0 $0 $0 Err:502 Err:502 Err:502

Notes
 Subject Property
Address
URL
x beds x baths, xxxx sq ft
Description

Cost and Revenue Assumptions Financing Assumptions Key Ratios

Land Total Purchase 100.00% $ - Total Square Feet

Building $ - Owner's Equity #DIV/0! $ - Avg Sq Ft/Unit
Improvements $ - Amt to Finance #DIV/0! $ - Total Price/Sq Ft
Closing Costs $ - Avg Rent/Sq Ft
Total $ - Avg Unit Cost
Annual Monthly Capitalization Rate
Number of Units Interest Rate 5.250% 0.438% Gross Rent Multiplier
Average Monthly Rent $ - Amort Period 20 240 Op Exp/Unit
Gross Monthly Rent $ - Payment $ - $ - Op Exp/Sq Ft

Rental Increase Projections 0.00% 2.00% 2.00%

Average Monthly Rent - - -
Operating Expense Projections 0.00% 2.00% 2.00%

Actual Projected
Operating Revenues Monthly Year 1 Year 2 Year 3
Gross Scheduled Rental Income - - - -
LESS Vacancy Rate 10% - - - -
Net Rental Income - - - -
Other Income - - -
Gross Income 100.0% - - - -

Operating Expenses
Repairs and Maintenance #DIV/0! 0 - - -
Property Mangement Fees #DIV/0! 0 - - -
Property Taxes #DIV/0! - - -
Insurance #DIV/0! 0 - - -
Salaries and Wages #DIV/0! 0 - - -
Utilities #DIV/0! 0 - - -
Trash Removal #DIV/0! 0 - - -
Professional Fees #DIV/0! 0 - - -
Advertising #DIV/0! 0 - - -
Other #DIV/0! 0 - - -
Total Operating Expenses #DIV/0! - - - -

Net Operating Income #DIV/0! - - - -

Cash Flow From Operations

Total Cash Available for Debt Servicing - - - -
LESS Debt Service - - - -
Remaining Pre-Tax CF From Ops. - - - -
Plus Principal Reduction Err:502 Err:502 Err:502 Err:502
Total Return Err:502 Err:502 Err:502 Err:502

Tax Scenario
Net Operating Income - - - -
LESS Interest on Loan Err:502 Err:502 Err:502 Err:502 Err:502
LESS Dep. Exp. - Building - - - -
LESS Dep. Exp. - Improvements - - - -
Net Income Before Taxes Err:502 Err:502 Err:502 Err:502
LESS Income Taxes @ 33% Err:502 Err:502 Err:502 Err:502
Net Income After Taxes Err:502 Err:502 Err:502 Err:502

Total Cash Available for Debt Servicing - - - -

LESS Debt Service - - - -
LESS Income Taxes Err:502 Err:502 Err:502 Err:502
Remaining After Tax CF From Ops. Err:502 Err:502 Err:502 Err:502
Plus Principle Reduction Err:502 Err:502 Err:502 Err:502
Total Return Err:502 Err:502 Err:502 Err:502

Year 1 Year 2 Year 3

Debt Servicing Ratio #DIV/0! #DIV/0! #DIV/0!
Break-Even Ratio #DIV/0! #DIV/0! #DIV/0!

Net Operating Income ROI Err:502 Err:502 Err:502

Cash ROI #DIV/0! #DIV/0! #DIV/0!
Total ROI Err:502 Err:502 Err:502

Net CFs From Investment - 1 Yr Exit - Err:502

Net CFs From Investment - 3 Yr Exit - - - Err:502
Net CFs From Investment - 5 Yr Exit - - - -

Exit Price Gain on Sale Cap Rate

Estimated Exit Price/Gain On Sale - 1 Yr - - #DIV/0! Annualized IRR - 1 Yr
Estimated Exit Price/Gain On Sale - 3 Yr - - #DIV/0! Annualized IRR - 3 Yr
Estimated Exit Price/Gain On Sale - 5 Yr - - #DIV/0! Annualized IRR - 5 Yr

Notes
 Basis for Rental Price Projection
Zillow URL #1
-
$ -

Zillow URL #1
Key Ratios -
$ -
otal Square Feet
vg Sq Ft/Unit #DIV/0! Zillow URL #1
otal Price/Sq Ft #DIV/0! -
vg Rent/Sq Ft #DIV/0! $ -
#DIV/0!
apitalization Rate #DIV/0!
ross Rent Multiplier #DIV/0!
#DIV/0!
#DIV/0!

2.00% 2.00%
- -
2.00% 2.00%

Projected
Year 4 Year 5
- -
- -
- -
- -
- -

- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -

- -

- -
- -
- -
Err:502 Err:502
Err:502 Err:502
 - -
Err:502 Err:502
- -
- -
Err:502 Err:502
Err:502 Err:502
Err:502 Err:502

- -
- -
Err:502 Err:502
Err:502 Err:502
Err:502 Err:502
Err:502 Err:502

Year 4 Year 5
#DIV/0! #DIV/0!
#DIV/0! #DIV/0!

Err:502 Err:502
#DIV/0! #DIV/0!
Err:502 Err:502

- Err:502

IRR
nnualized IRR - 1 Yr Err:502
nnualized IRR - 3 Yr Err:502
nnualized IRR - 5 Yr Err:502
ection

sq ft
mo

sq ft
mo

sq ft
mo
 Subject Property
Address
URL
x beds x baths, xxxx sq ft
Description

Cost and Revenue Assumptions Financing Assumptions Key Ratios

Land Total Purchase 100.00% $ - Total Square Feet

Building $ - Owner's Equity #DIV/0! $ - Avg Sq Ft/Unit
Improvements $ - Amt to Finance #DIV/0! $ - Total Price/Sq Ft
Closing Costs $ - Avg Rent/Sq Ft
Total $ - Avg Unit Cost
Annual Monthly Capitalization Rate
Number of Units Interest Rate 5.250% 0.438% Gross Rent Multiplier
Average Monthly Rent $ - Amort Period 20 240 Op Exp/Unit
Gross Monthly Rent $ - Payment $ - $ - Op Exp/Sq Ft

Rental Increase Projections 0.00% 2.00% 2.00%

Average Monthly Rent - - -
Operating Expense Projections 0.00% 2.00% 2.00%

Actual Projected
Operating Revenues Monthly Year 1 Year 2 Year 3
Gross Scheduled Rental Income - - - -
LESS Vacancy Rate 10% - - - -
Net Rental Income - - - -
Other Income - - -
Gross Income 100.0% - - - -

Operating Expenses
Repairs and Maintenance #DIV/0! 0 - - -
Property Mangement Fees #DIV/0! 0 - - -
Property Taxes #DIV/0! - - -
Insurance #DIV/0! 0 - - -
Salaries and Wages #DIV/0! 0 - - -
Utilities #DIV/0! 0 - - -
Trash Removal #DIV/0! 0 - - -
Professional Fees #DIV/0! 0 - - -
Advertising #DIV/0! 0 - - -
Other #DIV/0! 0 - - -
Total Operating Expenses #DIV/0! - - - -

Net Operating Income #DIV/0! - - - -

Cash Flow From Operations

Total Cash Available for Debt Servicing - - - -
LESS Debt Service - - - -
Remaining Pre-Tax CF From Ops. - - - -
Plus Principal Reduction Err:502 Err:502 Err:502 Err:502
Total Return Err:502 Err:502 Err:502 Err:502

Tax Scenario
Net Operating Income - - - -
LESS Interest on Loan Err:502 Err:502 Err:502 Err:502 Err:502
LESS Dep. Exp. - Building - - - -
LESS Dep. Exp. - Improvements - - - -
Net Income Before Taxes Err:502 Err:502 Err:502 Err:502
LESS Income Taxes @ 33% Err:502 Err:502 Err:502 Err:502
Net Income After Taxes Err:502 Err:502 Err:502 Err:502

Total Cash Available for Debt Servicing - - - -

LESS Debt Service - - - -
LESS Income Taxes Err:502 Err:502 Err:502 Err:502
Remaining After Tax CF From Ops. Err:502 Err:502 Err:502 Err:502
Plus Principle Reduction Err:502 Err:502 Err:502 Err:502
Total Return Err:502 Err:502 Err:502 Err:502

Year 1 Year 2 Year 3

Debt Servicing Ratio #DIV/0! #DIV/0! #DIV/0!
Break-Even Ratio #DIV/0! #DIV/0! #DIV/0!

Net Operating Income ROI Err:502 Err:502 Err:502

Cash ROI #DIV/0! #DIV/0! #DIV/0!
Total ROI Err:502 Err:502 Err:502

Net CFs From Investment - 1 Yr Exit - Err:502

Net CFs From Investment - 3 Yr Exit - - - Err:502
Net CFs From Investment - 5 Yr Exit - - - -

Exit Price Gain on Sale Cap Rate

Estimated Exit Price/Gain On Sale - 1 Yr - - #DIV/0! Annualized IRR - 1 Yr
Estimated Exit Price/Gain On Sale - 3 Yr - - #DIV/0! Annualized IRR - 3 Yr
Estimated Exit Price/Gain On Sale - 5 Yr - - #DIV/0! Annualized IRR - 5 Yr

Notes
 Basis for Rental Price Projection
Zillow URL #1
-
$ -

Zillow URL #1
Key Ratios -
$ -
otal Square Feet
vg Sq Ft/Unit #DIV/0! Zillow URL #1
otal Price/Sq Ft #DIV/0! -
vg Rent/Sq Ft #DIV/0! $ -
#DIV/0!
apitalization Rate #DIV/0!
ross Rent Multiplier #DIV/0!
#DIV/0!
#DIV/0!

2.00% 2.00%
- -
2.00% 2.00%

Projected
Year 4 Year 5
- -
- -
- -
- -
- -

- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -

- -

- -
- -
- -
Err:502 Err:502
Err:502 Err:502
 - -
Err:502 Err:502
- -
- -
Err:502 Err:502
Err:502 Err:502
Err:502 Err:502

- -
- -
Err:502 Err:502
Err:502 Err:502
Err:502 Err:502
Err:502 Err:502

Year 4 Year 5
#DIV/0! #DIV/0!
#DIV/0! #DIV/0!

Err:502 Err:502
#DIV/0! #DIV/0!
Err:502 Err:502

- Err:502

IRR
nnualized IRR - 1 Yr Err:502
nnualized IRR - 3 Yr Err:502
nnualized IRR - 5 Yr Err:502
ection

sq ft
mo

sq ft
mo

sq ft
mo
 Subject Property
Address
URL
x beds x baths, xxxx sq ft
Description

Cost and Revenue Assumptions Financing Assumptions Key Ratios

Land Total Purchase 100.00% $ - Total Square Feet

Building $ - Owner's Equity #DIV/0! $ - Avg Sq Ft/Unit
Improvements $ - Amt to Finance #DIV/0! $ - Total Price/Sq Ft
Closing Costs $ - Avg Rent/Sq Ft
Total $ - Avg Unit Cost
Annual Monthly Capitalization Rate
Number of Units Interest Rate 5.250% 0.438% Gross Rent Multiplier
Average Monthly Rent $ - Amort Period 20 240 Op Exp/Unit
Gross Monthly Rent $ - Payment $ - $ - Op Exp/Sq Ft

Rental Increase Projections 0.00% 2.00% 2.00%

Average Monthly Rent - - -
Operating Expense Projections 0.00% 2.00% 2.00%

Actual Projected
Operating Revenues Monthly Year 1 Year 2 Year 3
Gross Scheduled Rental Income - - - -
LESS Vacancy Rate 10% - - - -
Net Rental Income - - - -
Other Income - - -
Gross Income 100.0% - - - -

Operating Expenses
Repairs and Maintenance #DIV/0! 0 - - -
Property Mangement Fees #DIV/0! 0 - - -
Property Taxes #DIV/0! - - -
Insurance #DIV/0! 0 - - -
Salaries and Wages #DIV/0! 0 - - -
Utilities #DIV/0! 0 - - -
Trash Removal #DIV/0! 0 - - -
Professional Fees #DIV/0! 0 - - -
Advertising #DIV/0! 0 - - -
Other #DIV/0! 0 - - -
Total Operating Expenses #DIV/0! - - - -

Net Operating Income #DIV/0! - - - -

Cash Flow From Operations

Total Cash Available for Debt Servicing - - - -
LESS Debt Service - - - -
Remaining Pre-Tax CF From Ops. - - - -
Plus Principal Reduction Err:502 Err:502 Err:502 Err:502
Total Return Err:502 Err:502 Err:502 Err:502

Tax Scenario
Net Operating Income - - - -
LESS Interest on Loan Err:502 Err:502 Err:502 Err:502 Err:502
LESS Dep. Exp. - Building - - - -
LESS Dep. Exp. - Improvements - - - -
Net Income Before Taxes Err:502 Err:502 Err:502 Err:502
LESS Income Taxes @ 33% Err:502 Err:502 Err:502 Err:502
Net Income After Taxes Err:502 Err:502 Err:502 Err:502

Total Cash Available for Debt Servicing - - - -

LESS Debt Service - - - -
LESS Income Taxes Err:502 Err:502 Err:502 Err:502
Remaining After Tax CF From Ops. Err:502 Err:502 Err:502 Err:502
Plus Principle Reduction Err:502 Err:502 Err:502 Err:502
Total Return Err:502 Err:502 Err:502 Err:502

Year 1 Year 2 Year 3

Debt Servicing Ratio #DIV/0! #DIV/0! #DIV/0!
Break-Even Ratio #DIV/0! #DIV/0! #DIV/0!

Net Operating Income ROI Err:502 Err:502 Err:502

Cash ROI #DIV/0! #DIV/0! #DIV/0!
Total ROI Err:502 Err:502 Err:502

Net CFs From Investment - 1 Yr Exit - Err:502

Net CFs From Investment - 3 Yr Exit - - - Err:502
Net CFs From Investment - 5 Yr Exit - - - -

Exit Price Gain on Sale Cap Rate

Estimated Exit Price/Gain On Sale - 1 Yr - - #DIV/0! Annualized IRR - 1 Yr
Estimated Exit Price/Gain On Sale - 3 Yr - - #DIV/0! Annualized IRR - 3 Yr
Estimated Exit Price/Gain On Sale - 5 Yr - - #DIV/0! Annualized IRR - 5 Yr

Notes
 Basis for Rental Price Projection
Zillow URL #1
-
$ -

Zillow URL #1
Key Ratios -
$ -
otal Square Feet
vg Sq Ft/Unit #DIV/0! Zillow URL #1
otal Price/Sq Ft #DIV/0! -
vg Rent/Sq Ft #DIV/0! $ -
#DIV/0!
apitalization Rate #DIV/0!
ross Rent Multiplier #DIV/0!
#DIV/0!
#DIV/0!

2.00% 2.00%
- -
2.00% 2.00%

Projected
Year 4 Year 5
- -
- -
- -
- -
- -

- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -

- -

- -
- -
- -
Err:502 Err:502
Err:502 Err:502
 - -
Err:502 Err:502
- -
- -
Err:502 Err:502
Err:502 Err:502
Err:502 Err:502

- -
- -
Err:502 Err:502
Err:502 Err:502
Err:502 Err:502
Err:502 Err:502

Year 4 Year 5
#DIV/0! #DIV/0!
#DIV/0! #DIV/0!

Err:502 Err:502
#DIV/0! #DIV/0!
Err:502 Err:502

- Err:502

IRR
nnualized IRR - 1 Yr Err:502
nnualized IRR - 3 Yr Err:502
nnualized IRR - 5 Yr Err:502
ection

sq ft
mo

sq ft
mo

sq ft
mo
 Subject Property
Address
URL
x beds x baths, xxxx sq ft
Description

Cost and Revenue Assumptions Financing Assumptions Key Ratios

Land Total Purchase 100.00% $ - Total Square Feet

Building $ - Owner's Equity #DIV/0! $ - Avg Sq Ft/Unit
Improvements $ - Amt to Finance #DIV/0! $ - Total Price/Sq Ft
Closing Costs $ - Avg Rent/Sq Ft
Total $ - Avg Unit Cost
Annual Monthly Capitalization Rate
Number of Units Interest Rate 5.250% 0.438% Gross Rent Multiplier
Average Monthly Rent $ - Amort Period 20 240 Op Exp/Unit
Gross Monthly Rent $ - Payment $ - $ - Op Exp/Sq Ft

Rental Increase Projections 0.00% 2.00% 2.00%

Average Monthly Rent - - -
Operating Expense Projections 0.00% 2.00% 2.00%

Actual Projected
Operating Revenues Monthly Year 1 Year 2 Year 3
Gross Scheduled Rental Income - - - -
LESS Vacancy Rate 10% - - - -
Net Rental Income - - - -
Other Income - - -
Gross Income 100.0% - - - -

Operating Expenses
Repairs and Maintenance #DIV/0! 0 - - -
Property Mangement Fees #DIV/0! 0 - - -
Property Taxes #DIV/0! 0 - - -
Insurance #DIV/0! 0 - - -
Salaries and Wages #DIV/0! 0 - - -
Utilities #DIV/0! 0 - - -
Trash Removal #DIV/0! 0 - - -
Professional Fees #DIV/0! 0 - - -
Advertising #DIV/0! 0 - - -
Other #DIV/0! 0 - - -
Total Operating Expenses #DIV/0! - - - -

Net Operating Income #DIV/0! - - - -

Cash Flow From Operations

Total Cash Available for Debt Servicing - - - -
LESS Debt Service - - - -
Remaining Pre-Tax CF From Ops. - - - -
Plus Principal Reduction Err:502 Err:502 Err:502 Err:502
Total Return Err:502 Err:502 Err:502 Err:502

Tax Scenario
Net Operating Income - - - -
LESS Interest on Loan Err:502 Err:502 Err:502 Err:502 Err:502
LESS Dep. Exp. - Building - - - -
LESS Dep. Exp. - Improvements - - - -
Net Income Before Taxes Err:502 Err:502 Err:502 Err:502
LESS Income Taxes @ 33% Err:502 Err:502 Err:502 Err:502
Net Income After Taxes Err:502 Err:502 Err:502 Err:502

Total Cash Available for Debt Servicing - - - -

LESS Debt Service - - - -
LESS Income Taxes Err:502 Err:502 Err:502 Err:502
Remaining After Tax CF From Ops. Err:502 Err:502 Err:502 Err:502
Plus Principle Reduction Err:502 Err:502 Err:502 Err:502
Total Return Err:502 Err:502 Err:502 Err:502

Year 1 Year 2 Year 3

Debt Servicing Ratio #DIV/0! #DIV/0! #DIV/0!
Break-Even Ratio #DIV/0! #DIV/0! #DIV/0!

Net Operating Income ROI Err:502 Err:502 Err:502

Cash ROI #DIV/0! #DIV/0! #DIV/0!
Total ROI Err:502 Err:502 Err:502

Net CFs From Investment - 1 Yr Exit - Err:502

Net CFs From Investment - 3 Yr Exit - - - Err:502
Net CFs From Investment - 5 Yr Exit - - - -

Exit Price Gain on Sale Cap Rate

Estimated Exit Price/Gain On Sale - 1 Yr - - #DIV/0! Annualized IRR - 1 Yr
Estimated Exit Price/Gain On Sale - 3 Yr - - #DIV/0! Annualized IRR - 3 Yr
Estimated Exit Price/Gain On Sale - 5 Yr - - #DIV/0! Annualized IRR - 5 Yr

Notes
Rentals are almost identical to investment property. Question of whether rental listing price is too high
 Basis for Rental Price Projection
Zillow URL #1
-
$ -

Zillow URL #1
Key Ratios -
$ -
otal Square Feet
vg Sq Ft/Unit #DIV/0! Zillow URL #1
otal Price/Sq Ft #DIV/0! -
vg Rent/Sq Ft #DIV/0! $ -
#DIV/0!
apitalization Rate #DIV/0!
ross Rent Multiplier #DIV/0!
#DIV/0!
#DIV/0!

2.00% 2.00%
- -
2.00% 2.00%

Projected
Year 4 Year 5
- -
- -
- -
- -
- -

- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -

- -

- -
- -
- -
Err:502 Err:502
Err:502 Err:502
 - -
Err:502 Err:502
- -
- -
Err:502 Err:502
Err:502 Err:502
Err:502 Err:502

- -
- -
Err:502 Err:502
Err:502 Err:502
Err:502 Err:502
Err:502 Err:502

Year 4 Year 5
#DIV/0! #DIV/0!
#DIV/0! #DIV/0!

Err:502 Err:502
#DIV/0! #DIV/0!
Err:502 Err:502

- Err:502

IRR
nnualized IRR - 1 Yr Err:502
nnualized IRR - 3 Yr Err:502
nnualized IRR - 5 Yr Err:502

igh
ection

sq ft
mo

sq ft
mo

sq ft
mo
 Subject Property
Address
URL
x beds x baths, xxxx sq ft
Description

Cost and Revenue Assumptions Financing Assumptions Key Ratios

Land Total Purchase 100.00% $ - Total Square Feet

Building $ - Owner's Equity #DIV/0! $ - Avg Sq Ft/Unit
Improvements $ - Amt to Finance #DIV/0! $ - Total Price/Sq Ft
Closing Costs $ - Avg Rent/Sq Ft
Total $ - Avg Unit Cost
Annual Monthly Capitalization Rate
Number of Units Interest Rate 5.250% 0.438% Gross Rent Multiplier
Average Monthly Rent $ - Amort Period 20 240 Op Exp/Unit
Gross Monthly Rent $ - Payment $ - $ - Op Exp/Sq Ft

Rental Increase Projections 0.00% 2.00% 2.00%

Average Monthly Rent - - -
Operating Expense Projections 0.00% 2.00% 2.00%

Actual Projected
Operating Revenues Monthly Year 1 Year 2 Year 3
Gross Scheduled Rental Income - - - -
LESS Vacancy Rate 10% - - - -
Net Rental Income - - - -
Other Income - - - -
Gross Income 100.0% - - - -

Operating Expenses
Repairs and Maintenance #DIV/0! 0 - - -
Property Mangement Fees #DIV/0! 0 - - -
Property Taxes #DIV/0! 0 - - -
Insurance #DIV/0! 0 - - -
Salaries and Wages #DIV/0! 0 - - -
Utilities #DIV/0! 0 - - -
Trash Removal #DIV/0! 0 - - -
Professional Fees #DIV/0! 0 - - -
Advertising #DIV/0! 0 - - -
Other #DIV/0! 0 - - -
Total Operating Expenses #DIV/0! - - - -

Net Operating Income #DIV/0! - - - -

Cash Flow From Operations

Total Cash Available for Debt Servicing - - - -
LESS Debt Service - - - -
Remaining Pre-Tax CF From Ops. - - - -
Plus Principal Reduction Err:502 Err:502 Err:502 Err:502
Total Return Err:502 Err:502 Err:502 Err:502

Tax Scenario
Net Operating Income - - - -
LESS Interest on Loan Err:502 Err:502 Err:502 Err:502 Err:502
LESS Dep. Exp. - Building - - - -
LESS Dep. Exp. - Improvements - - - -
Net Income Before Taxes Err:502 Err:502 Err:502 Err:502
LESS Income Taxes @ 33% Err:502 Err:502 Err:502 Err:502
Net Income After Taxes Err:502 Err:502 Err:502 Err:502

Total Cash Available for Debt Servicing - - - -

LESS Debt Service - - - -
LESS Income Taxes Err:502 Err:502 Err:502 Err:502
Remaining After Tax CF From Ops. Err:502 Err:502 Err:502 Err:502
Plus Principle Reduction Err:502 Err:502 Err:502 Err:502
Total Return Err:502 Err:502 Err:502 Err:502

Year 1 Year 2 Year 3

Debt Servicing Ratio #DIV/0! #DIV/0! #DIV/0!
Break-Even Ratio #DIV/0! #DIV/0! #DIV/0!

Net Operating Income ROI Err:502 Err:502 Err:502

Cash ROI #DIV/0! #DIV/0! #DIV/0!
Total ROI Err:502 Err:502 Err:502

Net CFs From Investment - 1 Yr Exit - Err:502

Net CFs From Investment - 3 Yr Exit - - - Err:502
Net CFs From Investment - 5 Yr Exit - - - -

Exit Price Gain on Sale Cap Rate

Estimated Exit Price/Gain On Sale - 1 Yr - - #DIV/0! Annualized IRR - 1 Yr
Estimated Exit Price/Gain On Sale - 3 Yr - - #DIV/0! Annualized IRR - 3 Yr
Estimated Exit Price/Gain On Sale - 5 Yr - - #DIV/0! Annualized IRR - 5 Yr

Notes
Not many rentals to compare but think rent projection is fairly accurate
 Basis for Rental Price Projection
Zillow URL #1
-
$ -

Zillow URL #1
Key Ratios -
$ -
otal Square Feet
vg Sq Ft/Unit #DIV/0! Zillow URL #1
otal Price/Sq Ft #DIV/0! -
vg Rent/Sq Ft #DIV/0! $ -
#DIV/0!
apitalization Rate #DIV/0!
ross Rent Multiplier #DIV/0!
#DIV/0!
#DIV/0!

2.00% 2.00%
- -
2.00% 2.00%

Projected
Year 4 Year 5
- -
- -
- -
- -
- -

- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -

- -

- -
- -
- -
Err:502 Err:502
Err:502 Err:502
 - -
Err:502 Err:502
- -
- -
Err:502 Err:502
Err:502 Err:502
Err:502 Err:502

- -
- -
Err:502 Err:502
Err:502 Err:502
Err:502 Err:502
Err:502 Err:502

Year 4 Year 5
#DIV/0! #DIV/0!
#DIV/0! #DIV/0!

Err:502 Err:502
#DIV/0! #DIV/0!
Err:502 Err:502

- Err:502

IRR
nnualized IRR - 1 Yr Err:502
nnualized IRR - 3 Yr Err:502
nnualized IRR - 5 Yr Err:502
ection

sq ft
mo

sq ft
mo

sq ft
mo
 Subject Property
Address
URL
x beds x baths, xxxx sq ft
Description

Cost and Revenue Assumptions Financing Assumptions Key Ratios

Land Total Purchase 100.00% $ - Total Square Feet

Building $ - Owner's Equity #DIV/0! $ - Avg Sq Ft/Unit
Improvements $ - Amt to Finance #DIV/0! $ - Total Price/Sq Ft
Closing Costs $ - Avg Rent/Sq Ft
Total $ - Avg Unit Cost
Annual Monthly Capitalization Rate
Number of Units Interest Rate 5.250% 0.438% Gross Rent Multiplier
Average Monthly Rent $ - Amort Period 20 240 Op Exp/Unit
Gross Monthly Rent $ - Payment $ - $ - Op Exp/Sq Ft

Rental Increase Projections 0.00% 2.00% 2.00%

Average Monthly Rent - - -
Operating Expense Projections 0.00% 2.00% 2.00%

Actual Projected
Operating Revenues Monthly Year 1 Year 2 Year 3
Gross Scheduled Rental Income - - - -
LESS Vacancy Rate 10% - - - -
Net Rental Income - - - -
Other Income - - - -
Gross Income 100.0% - - - -

Operating Expenses
Repairs and Maintenance #DIV/0! 0 - - -
Property Mangement Fees #DIV/0! 0 - - -
Property Taxes #DIV/0! - - -
Insurance #DIV/0! 0 - - -
Salaries and Wages #DIV/0! 0 - - -
Utilities #DIV/0! 0 - - -
Trash Removal #DIV/0! 0 - - -
Professional Fees #DIV/0! 0 - - -
Advertising #DIV/0! 0 - - -
Other #DIV/0! 0 - - -
Total Operating Expenses #DIV/0! - - - -

Net Operating Income #DIV/0! - - - -

Cash Flow From Operations

Total Cash Available for Debt Servicing - - - -
LESS Debt Service - - - -
Remaining Pre-Tax CF From Ops. - - - -
Plus Principal Reduction Err:502 Err:502 Err:502 Err:502
Total Return Err:502 Err:502 Err:502 Err:502

Tax Scenario
Net Operating Income - - - -
LESS Interest on Loan Err:502 Err:502 Err:502 Err:502 Err:502
LESS Dep. Exp. - Building - - - -
LESS Dep. Exp. - Improvements - - - -
Net Income Before Taxes Err:502 Err:502 Err:502 Err:502
LESS Income Taxes @ 33% Err:502 Err:502 Err:502 Err:502
Net Income After Taxes Err:502 Err:502 Err:502 Err:502

Total Cash Available for Debt Servicing - - - -

LESS Debt Service - - - -
LESS Income Taxes Err:502 Err:502 Err:502 Err:502
Remaining After Tax CF From Ops. Err:502 Err:502 Err:502 Err:502
Plus Principle Reduction Err:502 Err:502 Err:502 Err:502
Total Return Err:502 Err:502 Err:502 Err:502

Year 1 Year 2 Year 3

Debt Servicing Ratio #DIV/0! #DIV/0! #DIV/0!
Break-Even Ratio #DIV/0! #DIV/0! #DIV/0!

Net Operating Income ROI Err:502 Err:502 Err:502

Cash ROI #DIV/0! #DIV/0! #DIV/0!
Total ROI Err:502 Err:502 Err:502

Net CFs From Investment - 1 Yr Exit - Err:502

Net CFs From Investment - 3 Yr Exit - - - Err:502
Net CFs From Investment - 5 Yr Exit - - - -

Exit Price Gain on Sale Cap Rate

Estimated Exit Price/Gain On Sale - 1 Yr - - #DIV/0! Annualized IRR - 1 Yr
Estimated Exit Price/Gain On Sale - 3 Yr - - #DIV/0! Annualized IRR - 3 Yr
Estimated Exit Price/Gain On Sale - 5 Yr - - #DIV/0! Annualized IRR - 5 Yr

Notes
Difficult to find 4bd 1.5ba comparison rentals for accurate pricing. Don't think the extra sq ft will command higher rent b/c of bathroom
rent estimate may be too high
 Basis for Rental Price Projection
Zillow URL #1
-
$ -

Zillow URL #1
Key Ratios -
$ -
otal Square Feet
vg Sq Ft/Unit #DIV/0! Zillow URL #1
otal Price/Sq Ft #DIV/0! -
vg Rent/Sq Ft #DIV/0! $ -
#DIV/0!
apitalization Rate #DIV/0!
ross Rent Multiplier #DIV/0!
#DIV/0!
#DIV/0!

2.00% 2.00%
- -
2.00% 2.00%

Projected
Year 4 Year 5
- -
- -
- -
- -
- -

- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -

- -

- -
- -
- -
Err:502 Err:502
Err:502 Err:502
 - -
Err:502 Err:502
- -
- -
Err:502 Err:502
Err:502 Err:502
Err:502 Err:502

- -
- -
Err:502 Err:502
Err:502 Err:502
Err:502 Err:502
Err:502 Err:502

Year 4 Year 5
#DIV/0! #DIV/0!
#DIV/0! #DIV/0!

Err:502 Err:502
#DIV/0! #DIV/0!
Err:502 Err:502

- Err:502

IRR
nnualized IRR - 1 Yr Err:502
nnualized IRR - 3 Yr Err:502
nnualized IRR - 5 Yr Err:502

mmand higher rent b/c of bathroom limit so

ection

sq ft
mo

sq ft
mo

sq ft
mo
 Subject Property
Address
URL
x beds x baths, xxxx sq ft
Description

Cost and Revenue Assumptions Financing Assumptions Key Ratios

Land Total Purchase 100.00% $ - Total Square Feet

Building $ - Owner's Equity #DIV/0! $ - Avg Sq Ft/Unit
Improvements $ - Amt to Finance #DIV/0! $ - Total Price/Sq Ft
Closing Costs $ - Avg Rent/Sq Ft
Total $ - Avg Unit Cost
Annual Monthly Capitalization Rate
Number of Units Interest Rate 5.250% 0.438% Gross Rent Multiplier
Average Monthly Rent $ - Amort Period 20 240 Op Exp/Unit
Gross Monthly Rent $ - Payment $ - $ - Op Exp/Sq Ft

Rental Increase Projections 0.00% 2.00% 2.00%

Average Monthly Rent - - -
Operating Expense Projections 0.00% 2.00% 2.00%

Actual Projected
Operating Revenues Monthly Year 1 Year 2 Year 3
Gross Scheduled Rental Income - - - -
LESS Vacancy Rate 10% - - - -
Net Rental Income - - - -
Other Income - - - -
Gross Income 100.0% - - - -

Operating Expenses
Repairs and Maintenance #DIV/0! 0 - - -
Property Mangement Fees #DIV/0! 0 - - -
Property Taxes #DIV/0! 0 - - -
Insurance #DIV/0! 0 - - -
Salaries and Wages #DIV/0! 0 - - -
Utilities #DIV/0! 0 - - -
Trash Removal #DIV/0! 0 - - -
Professional Fees #DIV/0! 0 - - -
Advertising #DIV/0! 0 - - -
Other #DIV/0! 0 - - -
Total Operating Expenses #DIV/0! - - - -

Net Operating Income #DIV/0! - - - -

Cash Flow From Operations

Total Cash Available for Debt Servicing - - - -
LESS Debt Service - - - -
Remaining Pre-Tax CF From Ops. - - - -
Plus Principal Reduction Err:502 Err:502 Err:502 Err:502
Total Return Err:502 Err:502 Err:502 Err:502

Tax Scenario
Net Operating Income - - - -
LESS Interest on Loan Err:502 Err:502 Err:502 Err:502 Err:502
LESS Dep. Exp. - Building - - - -
LESS Dep. Exp. - Improvements - - - -
Net Income Before Taxes Err:502 Err:502 Err:502 Err:502
LESS Income Taxes @ 33% Err:502 Err:502 Err:502 Err:502
Net Income After Taxes Err:502 Err:502 Err:502 Err:502

Total Cash Available for Debt Servicing - - - -

LESS Debt Service - - - -
LESS Income Taxes Err:502 Err:502 Err:502 Err:502
Remaining After Tax CF From Ops. Err:502 Err:502 Err:502 Err:502
Plus Principle Reduction Err:502 Err:502 Err:502 Err:502
Total Return Err:502 Err:502 Err:502 Err:502

Year 1 Year 2 Year 3

Debt Servicing Ratio #DIV/0! #DIV/0! #DIV/0!
Break-Even Ratio #DIV/0! #DIV/0! #DIV/0!

Net Operating Income ROI Err:502 Err:502 Err:502

Cash ROI #DIV/0! #DIV/0! #DIV/0!
Total ROI Err:502 Err:502 Err:502

Net CFs From Investment - 1 Yr Exit - Err:502

Net CFs From Investment - 3 Yr Exit - - - Err:502
Net CFs From Investment - 5 Yr Exit - - - -

Exit Price Gain on Sale Cap Rate

Estimated Exit Price/Gain On Sale - 1 Yr - - #DIV/0! Annualized IRR - 1 Yr
Estimated Exit Price/Gain On Sale - 3 Yr - - #DIV/0! Annualized IRR - 3 Yr
Estimated Exit Price/Gain On Sale - 5 Yr - - #DIV/0! Annualized IRR - 5 Yr

Notes
Difficult to find accurate rentals for comparison
 Basis for Rental Price Projection
Zillow URL #1
-
$ -

Zillow URL #1
Key Ratios -
$ -
otal Square Feet
vg Sq Ft/Unit #DIV/0! Zillow URL #1
otal Price/Sq Ft #DIV/0! -
vg Rent/Sq Ft #DIV/0! $ -
#DIV/0!
apitalization Rate #DIV/0!
ross Rent Multiplier #DIV/0!
#DIV/0!
#DIV/0!

2.00% 2.00%
- -
2.00% 2.00%

Projected
Year 4 Year 5
- -
- -
- -
- -
- -

- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -

- -

- -
- -
- -
Err:502 Err:502
Err:502 Err:502
 - -
Err:502 Err:502
- -
- -
Err:502 Err:502
Err:502 Err:502
Err:502 Err:502

- -
- -
Err:502 Err:502
Err:502 Err:502
Err:502 Err:502
Err:502 Err:502

Year 4 Year 5
#DIV/0! #DIV/0!
#DIV/0! #DIV/0!

Err:502 Err:502
#DIV/0! #DIV/0!
Err:502 Err:502

- Err:502

IRR
nnualized IRR - 1 Yr Err:502
nnualized IRR - 3 Yr Err:502
nnualized IRR - 5 Yr Err:502
ection

sq ft
mo

sq ft
mo

sq ft
mo
 Subject Property
Address
URL
x beds x baths, xxxx sq ft
Description

Cost and Revenue Assumptions Financing Assumptions Key Ratios

Land Total Purchase 100.00% $ - Total Square Feet

Building $ - Owner's Equity #DIV/0! $ - Avg Sq Ft/Unit
Improvements $ - Amt to Finance #DIV/0! $ - Total Price/Sq Ft
Closing Costs $ - Avg Rent/Sq Ft
Total $ - Avg Unit Cost
Annual Monthly Capitalization Rate
Number of Units Interest Rate 5.250% 0.438% Gross Rent Multiplier
Average Monthly Rent $ - Amort Period 20 240 Op Exp/Unit
Gross Monthly Rent $ - Payment $ - $ - Op Exp/Sq Ft

Rental Increase Projections 0.00% 2.00% 2.00%

Average Monthly Rent - - -
Operating Expense Projections 0.00% 2.00% 2.00%

Actual Projected
Operating Revenues Monthly Year 1 Year 2 Year 3
Gross Scheduled Rental Income - - - -
LESS Vacancy Rate 10% - - - -
Net Rental Income - - - -
Other Income - - - -
Gross Income 100.0% - - - -

Operating Expenses
Repairs and Maintenance #DIV/0! 0 - - -
Property Mangement Fees #DIV/0! 0 - - -
Property Taxes #DIV/0! 0 - - -
Insurance #DIV/0! 0 - - -
Salaries and Wages #DIV/0! 0 - - -
Utilities #DIV/0! 0 - - -
Trash Removal #DIV/0! 0 - - -
Professional Fees #DIV/0! 0 - - -
Advertising #DIV/0! 0 - - -
Other #DIV/0! 0 - - -
Total Operating Expenses #DIV/0! - - - -

Net Operating Income #DIV/0! - - - -

Cash Flow From Operations

Total Cash Available for Debt Servicing - - - -
LESS Debt Service - - - -
Remaining Pre-Tax CF From Ops. - - - -
Plus Principal Reduction Err:502 Err:502 Err:502 Err:502
Total Return Err:502 Err:502 Err:502 Err:502

Tax Scenario
Net Operating Income - - - -
LESS Interest on Loan Err:502 Err:502 Err:502 Err:502 Err:502
LESS Dep. Exp. - Building - - - -
LESS Dep. Exp. - Improvements - - - -
Net Income Before Taxes Err:502 Err:502 Err:502 Err:502
LESS Income Taxes @ 33% Err:502 Err:502 Err:502 Err:502
Net Income After Taxes Err:502 Err:502 Err:502 Err:502

Total Cash Available for Debt Servicing - - - -

LESS Debt Service - - - -
LESS Income Taxes Err:502 Err:502 Err:502 Err:502
Remaining After Tax CF From Ops. Err:502 Err:502 Err:502 Err:502
Plus Principle Reduction Err:502 Err:502 Err:502 Err:502
Total Return Err:502 Err:502 Err:502 Err:502

Year 1 Year 2 Year 3

Debt Servicing Ratio #DIV/0! #DIV/0! #DIV/0!
Break-Even Ratio #DIV/0! #DIV/0! #DIV/0!

Net Operating Income ROI Err:502 Err:502 Err:502

Cash ROI #DIV/0! #DIV/0! #DIV/0!
Total ROI Err:502 Err:502 Err:502

Net CFs From Investment - 1 Yr Exit - Err:502

Net CFs From Investment - 3 Yr Exit - - - Err:502
Net CFs From Investment - 5 Yr Exit - - - -

Exit Price Gain on Sale Cap Rate

Estimated Exit Price/Gain On Sale - 1 Yr - - #DIV/0! Annualized IRR - 1 Yr
Estimated Exit Price/Gain On Sale - 3 Yr - - #DIV/0! Annualized IRR - 3 Yr
Estimated Exit Price/Gain On Sale - 5 Yr - - #DIV/0! Annualized IRR - 5 Yr

Notes
Difficult to find accurate rentals for comparison
 Basis for Rental Price Projection
Zillow URL #1
-
$ -

Zillow URL #1
Key Ratios -
$ -
otal Square Feet
vg Sq Ft/Unit #DIV/0! Zillow URL #1
otal Price/Sq Ft #DIV/0! -
vg Rent/Sq Ft #DIV/0! $ -
#DIV/0!
apitalization Rate #DIV/0!
ross Rent Multiplier #DIV/0!
#DIV/0!
#DIV/0!

2.00% 2.00%
- -
2.00% 2.00%

Projected
Year 4 Year 5
- -
- -
- -
- -
- -

- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -

- -

- -
- -
- -
Err:502 Err:502
Err:502 Err:502
 - -
Err:502 Err:502
- -
- -
Err:502 Err:502
Err:502 Err:502
Err:502 Err:502

- -
- -
Err:502 Err:502
Err:502 Err:502
Err:502 Err:502
Err:502 Err:502

Year 4 Year 5
#DIV/0! #DIV/0!
#DIV/0! #DIV/0!

Err:502 Err:502
#DIV/0! #DIV/0!
Err:502 Err:502

- Err:502

IRR
nnualized IRR - 1 Yr Err:502
nnualized IRR - 3 Yr Err:502
nnualized IRR - 5 Yr Err:502
ection

sq ft
mo

sq ft
mo

sq ft
mo
 Subject Property
Address
URL
x beds x baths, xxxx sq ft
Description

Cost and Revenue Assumptions Financing Assumptions Key Ratios

Land Total Purchase 100.00% $ - Total Square Feet

Building $ - Owner's Equity #DIV/0! $ - Avg Sq Ft/Unit
Improvements $ - Amt to Finance #DIV/0! $ - Total Price/Sq Ft
Closing Costs $ - Avg Rent/Sq Ft
Total $ - Avg Unit Cost
Annual Monthly Capitalization Rate
Number of Units Interest Rate 5.250% 0.438% Gross Rent Multiplier
Average Monthly Rent $ - Amort Period 20 240 Op Exp/Unit
Gross Monthly Rent $ - Payment $ - $ - Op Exp/Sq Ft

Rental Increase Projections 0.00% 2.00% 2.00%

Average Monthly Rent - - -
Operating Expense Projections 0.00% 2.00% 2.00%

Actual Projected
Operating Revenues Monthly Year 1 Year 2 Year 3
Gross Scheduled Rental Income - - - -
LESS Vacancy Rate 10% - - - -
Net Rental Income - - - -
Other Income - - - -
Gross Income 100.0% - - - -

Operating Expenses
Repairs and Maintenance #DIV/0! 0 - - -
Property Mangement Fees #DIV/0! 0 - - -
Property Taxes #DIV/0! 0 - - -
Insurance #DIV/0! 0 - - -
Salaries and Wages #DIV/0! 0 - - -
Utilities #DIV/0! 0 - - -
Trash Removal #DIV/0! 0 - - -
Professional Fees #DIV/0! 0 - - -
Advertising #DIV/0! 0 - - -
Other #DIV/0! 0 - - -
Total Operating Expenses #DIV/0! - - - -

Net Operating Income #DIV/0! - - - -

Cash Flow From Operations

Total Cash Available for Debt Servicing - - - -
LESS Debt Service - - - -
Remaining Pre-Tax CF From Ops. - - - -
Plus Principal Reduction Err:502 Err:502 Err:502 Err:502
Total Return Err:502 Err:502 Err:502 Err:502

Tax Scenario
Net Operating Income - - - -
LESS Interest on Loan Err:502 Err:502 Err:502 Err:502 Err:502
LESS Dep. Exp. - Building - - - -
LESS Dep. Exp. - Improvements - - - -
Net Income Before Taxes Err:502 Err:502 Err:502 Err:502
LESS Income Taxes @ 33% Err:502 Err:502 Err:502 Err:502
Net Income After Taxes Err:502 Err:502 Err:502 Err:502

Total Cash Available for Debt Servicing - - - -

LESS Debt Service - - - -
LESS Income Taxes Err:502 Err:502 Err:502 Err:502
Remaining After Tax CF From Ops. Err:502 Err:502 Err:502 Err:502
Plus Principle Reduction Err:502 Err:502 Err:502 Err:502
Total Return Err:502 Err:502 Err:502 Err:502

Year 1 Year 2 Year 3

Debt Servicing Ratio #DIV/0! #DIV/0! #DIV/0!
Break-Even Ratio #DIV/0! #DIV/0! #DIV/0!

Net Operating Income ROI Err:502 Err:502 Err:502

Cash ROI #DIV/0! #DIV/0! #DIV/0!
Total ROI Err:502 Err:502 Err:502

Net CFs From Investment - 1 Yr Exit - Err:502

Net CFs From Investment - 3 Yr Exit - - - Err:502
Net CFs From Investment - 5 Yr Exit - - - -

Exit Price Gain on Sale Cap Rate

Estimated Exit Price/Gain On Sale - 1 Yr - - #DIV/0! Annualized IRR - 1 Yr
Estimated Exit Price/Gain On Sale - 3 Yr - - #DIV/0! Annualized IRR - 3 Yr
Estimated Exit Price/Gain On Sale - 5 Yr - - #DIV/0! Annualized IRR - 5 Yr

Notes
Difficult to find accurate rentals for comparison
 Basis for Rental Price Projection
Zillow URL #1
-
$ -

Zillow URL #1
Key Ratios -
$ -
otal Square Feet
vg Sq Ft/Unit #DIV/0! Zillow URL #1
otal Price/Sq Ft #DIV/0! -
vg Rent/Sq Ft #DIV/0! $ -
#DIV/0!
apitalization Rate #DIV/0!
ross Rent Multiplier #DIV/0!
#DIV/0!
#DIV/0!

2.00% 2.00%
- -
2.00% 2.00%

Projected
Year 4 Year 5
- -
- -
- -
- -
- -

- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -

- -

- -
- -
- -
Err:502 Err:502
Err:502 Err:502
 - -
Err:502 Err:502
- -
- -
Err:502 Err:502
Err:502 Err:502
Err:502 Err:502

- -
- -
Err:502 Err:502
Err:502 Err:502
Err:502 Err:502
Err:502 Err:502

Year 4 Year 5
#DIV/0! #DIV/0!
#DIV/0! #DIV/0!

Err:502 Err:502
#DIV/0! #DIV/0!
Err:502 Err:502

- Err:502

IRR
nnualized IRR - 1 Yr Err:502
nnualized IRR - 3 Yr Err:502
nnualized IRR - 5 Yr Err:502
ection

sq ft
mo

sq ft
mo

sq ft
mo