First-Year Performance Projection

19701 Blackstone
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Detroit, MI 48219
3-bedroom 2-bath
Square Feet 1,100
Initial Market Value $28,995
Purchase Price $28,995
Downpayment $28,995
Loan Origination Fees $0
Depreciable Closing Costs $1,500
Other Closing Costs and Fixup $0
Initial Cash Invested $30,495
Cost per Square Foot $26
Monthly Rent per Square Foot $0.57

Income Monthly Annual Mortgage Info First Second

Gross Rent $625 $7,500 Loan-to-Value Ratio 0% 0%
Vacancy Losses $0 $0 Loan Amount --- ---
Operating Income $625 $7,500 Monthly Payment --- ---
Loan Type --- ---
Expenses Monthly Annual Term --- ---
Property Taxes ($111) ($1,335) Interest Rate --- ---
Insurance ($50) ($600) Monthly PMI ---
Management Fees ($63) ($750)
Leasing/Advertising Fees $0 $0 Financial Indicators
Association Fees $0 $0 Debt Coverage Ratio N/A
Maintenance $0 $0 Annual Gross Rent Multiplier 4
Other $0 $0 Monthly Gross Rent Multiplier 46
Operating Expenses ($224) ($2,685) Capitalization Rate 16.6%
Cash on Cash Return 16%
Net Performance Monthly Annual Total Return on Investment 16%
Net Operating Income $401 $4,815 Total ROI with Tax Savings 16%
- Mortgage Payments $0 $0
= Cash Flow $401 $4,815 Assumptions
+ Principal Reduction $0 $0 Real Estate Appreciation Rate %
+ First-Year Appreciation $0 $0 Vacancy Rate %
= Gross Equity Income $401 $4,815 Management Fee 10%
+ Tax Savings $0 $0 Maintenance Percentage %
= GEI w/Tax Savings $401 $4,815 Equity Share Percentage 100%

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