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6517 Rosemont - Performance Report

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First-Year Performance Projection

6517 Rosemont Avenue


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

Square Feet 752


Initial Market Value $32,995
Purchase Price $32,995
Downpayment $32,995
Loan Origination Fees $0
Depreciable Closing Costs $500
Other Closing Costs and Fixup $0
Initial Cash Invested $33,495
Cost per Square Foot $44
Monthly Rent per Square Foot $0.86

Income Monthly Annual Mortgage Info First Second


Gross Rent $650 $7,800 Loan-to-Value Ratio 0% 0%
Vacancy Losses $0 $0 Loan Amount --- ---
Operating Income $650 $7,800 Monthly Payment --- ---
Loan Type --- ---
Expenses Monthly Annual Term --- ---
Property Taxes ($115) ($1,383) Interest Rate --- ---
Insurance ($54) ($650) Monthly PMI ---
Management Fees ($65) ($780)
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 51
Operating Expenses ($234) ($2,813) Capitalization Rate 15.1%
Cash on Cash Return 15%
Net Performance Monthly Annual Total Return on Investment 15%
Net Operating Income $416 $4,987 Total ROI with Tax Savings 15%
- Mortgage Payments $0 $0
= Cash Flow $416 $4,987 Assumptions
+ Principal Reduction $0 $0 Real Estate Appreciation Rate %
+ First-Year Appreciation $0 $0 Vacancy Rate %
= Gross Equity Income $416 $4,987 Management Fee 10%
+ Tax Savings $0 $0 Maintenance Percentage %
= GEI w/Tax Savings $416 $4,987 Equity Share Percentage 100%

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