www.bayareaequitygroup.

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First-Year Performance Projection

11620 Rossiter St
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Detroit, MI 48224
3-bedroom 1-bath
Square Feet 920
Purchase Price $25,995
Initial Market Value $25,995
Downpayment $25,995
Loan Origination Fees $0
Depreciable Closing Costs $1,500
Other Closing Costs $0
Initial Cash Invested $27,495
Cost per Square Foot $28
Monthly Rent per Square Foot $0.76

Income Monthly Annual Mortgage Info First Second

Gross Rent $700 $8,400 Loan-to-Value Ratio 0% 0%
Vacancy Losses $0 $0 Loan Amount --- ---
Operating Income $700 $8,400 Monthly Payment --- ---
Loan Type --- ---
Expenses Monthly Annual Term --- ---
Property Taxes ($175) ($2,105) Interest Rate --- ---
Insurance ($50) ($600) Monthly PMI ---
Management Fees ($75) ($900)
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 37
Operating Expenses ($300) ($3,605) Capitalization Rate 18.4%
Cash on Cash Return 17%
Net Performance Monthly Annual Total Return on Investment 17%
Net Operating Income $400 $4,795 Total ROI with Tax Savings 17%
- Mortgage Payments $0 $0
= Cash Flow $400 $4,795 Assumptions
+ Principal Reduction $0 $0 Real Estate Appreciation Rate %
+ First-Year Appreciation $0 $0 Vacancy Rate %
= Gross Equity Income $400 $4,795 Management Fee $75.00
+ Tax Savings $0 $0 Maintenance Percentage %
= GEI w/Tax Savings $400 $4,795 Equity Share Percentage 100%

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