First-Year Performance Projection

4406-4408 Lakewood Street

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Detroit, MI 48215
Duplex - 4-bedrooms, 2.5-baths in each unit
Square Feet 2,958
Initial Market Value $93,995
Purchase Price $93,995
Downpayment $93,995
Loan Origination Fees $0
Depreciable Closing Costs $500
Other Closing Costs and Fixup $0
Initial Cash Invested $94,495
Cost per Square Foot $32
Monthly Rent per Square Foot $0.53

Income Monthly Annual Mortgage Info First Second

Gross Rent $1,570 $18,840 Loan-to-Value Ratio 0% 0%
Vacancy Losses $0 $0 Loan Amount --- ---
Operating Income $1,570 $18,840 Monthly Payment --- ---
Loan Type --- ---
Expenses Monthly Annual Term --- ---
Property Taxes ($206) ($2,478) Interest Rate --- ---
Insurance ($65) ($775) Monthly PMI ---
Management Fees ($157) ($1,884)
Leasing/Advertising Fees $0 $0 Financial Indicators
Association Fees $0 $0 Debt Coverage Ratio N/A
Maintenance $0 $0 Annual Gross Rent Multiplier 5
Other $0 $0 Monthly Gross Rent Multiplier 60
Operating Expenses ($428) ($5,137) Capitalization Rate 14.6%
Cash on Cash Return 15%
Net Performance Monthly Annual Total Return on Investment 15%
Net Operating Income $1,142 $13,703 Total ROI with Tax Savings 15%
- Mortgage Payments $0 $0
= Cash Flow $1,142 $13,703 Assumptions
+ Principal Reduction $0 $0 Real Estate Appreciation Rate %
+ First-Year Appreciation $0 $0 Vacancy Rate %
= Gross Equity Income $1,142 $13,703 Management Fee 10%
+ Tax Savings $0 $0 Maintenance Percentage %
= GEI w/Tax Savings $1,142 $13,703 Equity Share Percentage 100%

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