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    5630 Romeyn - Performance Projection

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    Bay Area Equity Group, LLC
    5630 Romeyn - Performance Projection

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    5630 Romeyn - Performance Projection

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    Bay Area Equity Group, LLC
    1K views1 page
    5630 Romeyn - Performance Projection

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    5630 Romeyn - Performance Projection

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    1K views1 page

    5630 Romeyn - Performance Projection

    Uploaded by

    Bay Area Equity Group, LLC
    5630 Romeyn - Performance Projection

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    First-Year Performance Projection

    5630 Romeyn Street


    Detroit, MI 48209
    8 Units each 2 bedrooms, 1 bath View Map View Comps Export to Excel

    Square Feet 6,380


    Initial Market Value $184,995
    Purchase Price $184,995
    Downpayment $184,995
    Loan Origination Fees $0
    Depreciable Closing Costs $500
    Other Closing Costs and Fixup $0
    Initial Cash Invested $185,495
    Cost per Square Foot $29
    Monthly Rent per Square Foot $0.53

    Income Monthly Annual Mortgage Info First Second


    Gross Rent $3,400 $40,800 Loan-to-Value Ratio 0% 0%
    Vacancy Losses $0 $0 Loan Amount --- ---
    Operating Income $3,400 $40,800 Monthly Payment --- ---
    Loan Type --- ---
    Expenses Monthly Annual Term --- ---
    Property Taxes ($315) ($3,783) Interest Rate --- ---
    Insurance ($250) ($3,000) Monthly PMI ---
    Management Fees ($340) ($4,080)
    Leasing/Advertising Fees $0 $0 Financial Indicators
    Association Fees $0 $0 Debt Coverage Ratio N/A
    Maintenance $0 $0 Annual Gross Rent Multiplier 5
    Other ($250) ($3,000) Monthly Gross Rent Multiplier 54
    Operating Expenses ($1,155) ($13,863) Capitalization Rate 14.6%
    Cash on Cash Return 15%
    Net Performance Monthly Annual Total Return on Investment 15%
    Net Operating Income $2,245 $26,937 Total ROI with Tax Savings 15%
    - Mortgage Payments $0 $0
    = Cash Flow $2,245 $26,937 Assumptions
    + Principal Reduction $0 $0 Real Estate Appreciation Rate %
    + First-Year Appreciation $0 $0 Vacancy Rate %
    = Gross Equity Income $2,245 $26,937 Management Fee 10%
    + Tax Savings $0 $0 Maintenance Percentage %
    = GEI w/Tax Savings $2,245 $26,937 Equity Share Percentage 100%

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