First-Year Performance Projection

15741 Tuller Street

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Detroit, MI 48238
4-bedroom 2-bath
Square Feet 1,300
Initial Market Value $26,995
Purchase Price $26,995
Downpayment $26,995
Loan Origination Fees $0
Depreciable Closing Costs $500
Other Closing Costs and Fixup $0
Initial Cash Invested $27,495
Cost per Square Foot $21
Monthly Rent per Square Foot $0.52

Income Monthly Annual Mortgage Info First Second

Gross Rent $675 $8,100 Loan-to-Value Ratio 0% 0%
Vacancy Losses $0 $0 Loan Amount --- ---
Operating Income $675 $8,100 Monthly Payment --- ---
Loan Type --- ---
Expenses Monthly Annual Term --- ---
Property Taxes ($197) ($2,370) Interest Rate --- ---
Insurance ($42) ($500) Monthly PMI ---
Management Fees ($68) ($810)
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 40
Operating Expenses ($307) ($3,680) Capitalization Rate 16.4%
Cash on Cash Return 16%
Net Performance Monthly Annual Total Return on Investment 16%
Net Operating Income $368 $4,420 Total ROI with Tax Savings 16%
- Mortgage Payments $0 $0
= Cash Flow $368 $4,420 Assumptions
+ Principal Reduction $0 $0 Real Estate Appreciation Rate %
+ First-Year Appreciation $0 $0 Vacancy Rate %
= Gross Equity Income $368 $4,420 Management Fee 10%
+ Tax Savings $0 $0 Maintenance Percentage %
= GEI w/Tax Savings $368 $4,420 Equity Share Percentage 100%

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