.

100.00%50,000Closing Costs

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Rehab Cost0Origination Fee00

.

Cost Basis50,000Credit Report50

.

Less Mortgages (PP)80.00%40,000Escrow450

.

Closing Costs1,900Title450

.

PointsRecording Fee150

.

Initial Cash Investment11,900Admin Fee300

.

Appraisal500

.

DescriptionMonthlyAnnualTotal1,900

.

Gross Scheduled Income7509,000Mortgage Info

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Less: Vacancy Rate at7.00%-53-630Balance40,000

.

Effective Rental Income6988,370Payment-209

.

Plus: Other Income (parking, w/d)Interest4.75%

.

Gross Operating Income6988,370Term30

.

Amorization360

.

OPERATING EXPENSESOERValuations

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Property Taxes1672,00023.89%Assessed Value110,000

.

Property Insurance425005.97%Appraisal Value110,000

.

Repairs and Maintenance7083710.00%Market Value (after Rehab)110,0009420

.

Water, Sewer, Trash506007.17%Property CAP value at10.00%44,3304710

.

Advertising0Purchase CAP Rate8.87%IRR

.

HOA000.00%Market Value CAP Rate4.03%12/31/2011-11,900

.

Miscellaneous00.00%50% Rule NOI4,50012/31/20121,929

.

50% Cap Rate9.00%12/31/20131,929

.

Total Operating Expenses3283,93747.04%GRM612/31/20141,929

.

Net Operating Income3694,433Rent to Basis (2% Rule)1.50%12/31/20151,929

.

Less: Annual Debt Service-209-2,504Break Even Ratio (<85%)77%12/31/20161,929

.

Cash Flow Before Taxes (CFBT)1611,929CFBT at 75% Occ30912/31/20171,929

.

Add Back: Principal Payments60410 year IRR (>cost of capital)9.90%12/31/20181,929

.

- Depreciation-1,66710 year NPV @8%29,74612/31/20191,929

.

Taxable Net Income (Loss)866Cashflow/Initial Investment16.21%12/31/20201,929

.

Cashflow / Assets3.86%12/31/20211,929

.

Return on Cash In16.21%

.

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.

.

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