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First-Year Performance Projection

4406-4408 Lakewood Street


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Detroit, MI 48215
Duplex
Square Feet 2,958
Initial Market Value $73,995
Purchase Price $73,995
Downpayment $73,995
Loan Origination Fees $0
Depreciable Closing Costs $500
Other Closing Costs and Fixup $0
Initial Cash Invested $74,495
Cost per Square Foot $25
Monthly Rent per Square Foot $0.55

Income Monthly Annual Mortgage Info First Second


Gross Rent $1,620 $19,440 Loan-to-Value Ratio 0% 0%
Vacancy Losses $0 $0 Loan Amount --- ---
Operating Income $1,620 $19,440 Monthly Payment --- ---
Loan Type --- ---
Expenses Monthly Annual Term --- ---
Property Taxes ($206) ($2,478) Interest Rate --- ---
Insurance ($42) ($500) Monthly PMI ---
Management Fees ($162) ($1,944)
Leasing/Advertising Fees $0 $0 Financial Indicators
Association Fees $0 $0 Debt Coverage Ratio N/A
Maintenance $0 $0 Annual Gross Rent Multiplier 4
Other $0 $0 Monthly Gross Rent Multiplier 46
Operating Expenses ($410) ($4,922) Capitalization Rate 19.6%
Cash on Cash Return 19%
Net Performance Monthly Annual Total Return on Investment 19%
Net Operating Income $1,210 $14,518 Total ROI with Tax Savings 19%
- Mortgage Payments $0 $0
= Cash Flow $1,210 $14,518 Assumptions
+ Principal Reduction $0 $0 Real Estate Appreciation Rate %
+ First-Year Appreciation $0 $0 Vacancy Rate %
= Gross Equity Income $1,210 $14,518 Management Fee 10%
+ Tax Savings $0 $0 Maintenance Percentage %
= GEI w/Tax Savings $1,210 $14,518 Equity Share Percentage 100%

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