First-Year Performance Projection

10960 Rossiter Street

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Detroit, MI 48224
3 Bedroom, 2.5 Bath
Square Feet 1,084
Initial Market Value $25,995
Purchase Price $25,995
Downpayment $25,995
Loan Origination Fees $0
Depreciable Closing Costs $500
Other Closing Costs and Fixup $0
Initial Cash Invested $26,495
Cost per Square Foot $24
Monthly Rent per Square Foot $0.65

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 ($260) ($3,124) Interest Rate --- ---
Insurance ($42) ($500) Monthly PMI ---
Management Fees ($70) ($840)
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 ($372) ($4,464) Capitalization Rate 15.1%
Cash on Cash Return 15%
Net Performance Monthly Annual Total Return on Investment 15%
Net Operating Income $328 $3,936 Total ROI with Tax Savings 15%
- Mortgage Payments $0 $0
= Cash Flow $328 $3,936 Assumptions
+ Principal Reduction $0 $0 Real Estate Appreciation Rate %
+ First-Year Appreciation $0 $0 Vacancy Rate %
= Gross Equity Income $328 $3,936 Management Fee 10%
+ Tax Savings $0 $0 Maintenance Percentage %
= GEI w/Tax Savings $328 $3,936 Equity Share Percentage 100%

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