First-Year Performance Projection

12415-12417 Wisconsin Street

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Detroit, MI 48204
4-bedroom, 2-bath Duplex
Square Feet 1,500
Initial Market Value $58,995
Purchase Price $58,995
Downpayment $58,995
Loan Origination Fees $0
Depreciable Closing Costs $500
Other Closing Costs and Fixup $0
Initial Cash Invested $59,495
Cost per Square Foot $39
Monthly Rent per Square Foot $0.70

Income Monthly Annual Mortgage Info First Second

Gross Rent $1,050 $12,600 Loan-to-Value Ratio 0% 0%
Vacancy Losses $0 $0 Loan Amount --- ---
Operating Income $1,050 $12,600 Monthly Payment --- ---
Loan Type --- ---
Expenses Monthly Annual Term --- ---
Property Taxes ($119) ($1,428) Interest Rate --- ---
Insurance ($83) ($1,000) Monthly PMI ---
Management Fees ($105) ($1,260)
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 56
Operating Expenses ($307) ($3,688) Capitalization Rate 15.1%
Cash on Cash Return 15%
Net Performance Monthly Annual Total Return on Investment 15%
Net Operating Income $743 $8,912 Total ROI with Tax Savings 15%
- Mortgage Payments $0 $0
= Cash Flow $743 $8,912 Assumptions
+ Principal Reduction $0 $0 Real Estate Appreciation Rate %
+ First-Year Appreciation $0 $0 Vacancy Rate %
= Gross Equity Income $743 $8,912 Management Fee 10%
+ Tax Savings $0 $0 Maintenance Percentage %
= GEI w/Tax Savings $743 $8,912 Equity Share Percentage 100%

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