Cashflow Analysis Worksheet

Property Address
Date of Analyis

Mortgage Data Cost Recovery Data

First Second
Mortgage Mortgage Purchase: $200,000
Down Payment 10% $20,000 N/A Value Allocation: 80%
Amount Financed -$180,000 $ - Depreciable Asset: $160,000
Interest Rate (Annual) 4.75% 7.500% Acquisition Costs: $8,000
Term (Months) 360 180 Recovery Type: Straight Line
Payments/Yr 12 12 Useful Life: 27.5
Periodic Payment $938.97 $0.00 In Service Date: Jan
Annual Debt Service $11,268 $0 Recapture: None

Taxable Income
Year 1 2 3 4 5
1 Potential Rental Income $15,000 $15,225 $15,453 $15,685 $15,920
2 - Vacancy & Credit Losses $1,200 $1,218 $1,236 $1,255 $1,274
3 = Eff. Rental Income $13,800 $14,007 $14,217 $14,430 $14,647
4 + Other Income
5 = Gross Operating Inc $13,800 $14,007 $14,217 $14,430 $14,647
6 - Operating Expenses $2,070 $2,075 $2,080 $2,086 $2,091
7 = Net Operating Inc $11,730 $11,932 $12,137 $12,345 $12,556
8 - Interest 1st Mortgage $8,490 $8,355 $8,214 $8,066 $7,910
9 - Interest 2nd Mortgage $0 $0 $0 $0 $0
10 - Depreciation - Improvements $5,576 $5,818 $5,818 $5,818 $5,818
11 - Depreciation - Personal Property
12 - Acquisition Costs (Amortized) $267 $267 $267 $267 $6,933
$6,933
13 - Other
14 = Gain/(Loss) Before Taxes ($2,603) ($2,508) ($2,161) ($1,805) ($8,105)
14a Suspended Loss Current Year $0 $0 $0 $0 $0
14b Suspended Loss Carryover N/A $0 $0 $0 $0
14c Cumulative Suspended Losses $0 $0 $0 $0
14d = Taxable Gain/(Loss) ($2,603) ($2,508) ($2,161) ($1,805) ($8,105)
15 Tax Liability ($651) ($627) ($540) ($451) ($2,026)

Before & After Tax Cashflow

16 Net Operating Income $11,730 $11,932 $12,137 $12,345 $12,556
17 - Annual Debt Service $11,268 $11,268 $11,268 $11,268 $11,268
18 - Other
19 - Other
20 =Before Tax Cashflow $462 $664 $869 $1,077 $1,288
21 - Tax Liability ($651) ($627) ($540) ($451) ($2,026)
22 + Investment Tax Credit
23 = After Tax Cashflow $1,113 $1,291 $1,409 $1,528 $3,315

Assumptions
Change in Rents N/A 1.5% 1.5% 1.5% 1.5%
Annual Vacancy Estimate 8.0% 8.0% 8.0% 8.0% 8.0%
Change in Expenses N/A 0.3% 0.3% 0.3% 0.3%
Tax Rate Cost Recovery 25.0% 25.0% 25.0% 25.0% 25.0%
Tax Rate Capital Gain 15.0%