First-Year Performance Projection

9941 Mansfield Street

Detroit, MI 48228
3-bedroom, 1-bath View Map View Comps Export to Excel

Square Feet 796

Initial Market Value $43,995
Purchase Price $43,995
Downpayment $43,995
Loan Origination Fees $0
Depreciable Closing Costs $500
Other Closing Costs and Fixup $0
Initial Cash Invested $44,495
Cost per Square Foot $55
Monthly Rent per Square Foot $1.07

Income Monthly Annual Mortgage Info First Second

Gross Rent $850 $10,200 Loan-to-Value Ratio 0% 0%
Vacancy Losses $0 $0 Loan Amount --- ---
Operating Income $850 $10,200 Monthly Payment --- ---
Loan Type --- ---
Expenses Monthly Annual Term --- ---
Property Taxes ($154) ($1,844) Interest Rate --- ---
Insurance ($54) ($650) Monthly PMI ---
Management Fees ($85) ($1,020)
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 52
Operating Expenses ($293) ($3,514) Capitalization Rate 15.2%
Cash on Cash Return 15%
Net Performance Monthly Annual Total Return on Investment 15%
Net Operating Income $557 $6,686 Total ROI with Tax Savings 15%
- Mortgage Payments $0 $0
= Cash Flow $557 $6,686 Assumptions
+ Principal Reduction $0 $0 Real Estate Appreciation Rate %
+ First-Year Appreciation $0 $0 Vacancy Rate %
= Gross Equity Income $557 $6,686 Management Fee 10%
+ Tax Savings $0 $0 Maintenance Percentage %
= GEI w/Tax Savings $557 $6,686 Equity Share Percentage 100%

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