First-Year Performance Projection

16060 Maddelein Street

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Detroit, MI 48205
3-bedroom 2-bath
Square Feet 995
Purchase Price $21,966
Initial Market Value $21,966
Downpayment $21,966
Loan Origination Fees $0
Depreciable Closing Costs $1,500
Other Closing Costs and Fixup $0
Initial Cash Invested $23,466
Cost per Square Foot $22
Monthly Rent per Square Foot $0.65

Income Monthly Annual Mortgage Info First Second

Gross Rent $650 $7,800 Loan-to-Value Ratio 0% 0%
Vacancy Losses $0 $0 Loan Amount --- ---
Operating Income $650 $7,800 Monthly Payment --- ---
Loan Type --- ---
Expenses Monthly Annual Term --- ---
Property Taxes ($303) ($3,640) Interest Rate --- ---
Insurance ($42) ($500) Monthly PMI ---
Management Fees ($65) ($780)
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 ($410) ($4,920) Capitalization Rate 13.1%
Cash on Cash Return 12%
Net Performance Monthly Annual Total Return on Investment 12%
Net Operating Income $240 $2,880 Total ROI with Tax Savings 12%
- Mortgage Payments $0 $0
= Cash Flow $240 $2,880 Assumptions
+ Principal Reduction $0 $0 Real Estate Appreciation Rate %
+ First-Year Appreciation $0 $0 Vacancy Rate %
= Gross Equity Income $240 $2,880 Management Fee 10%
+ Tax Savings $0 $0 Maintenance Percentage %
= GEI w/Tax Savings $240 $2,880 Equity Share Percentage 100%

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