We hope you find this template useful.

If this template becomes too complicated, you may like to use our free
web application http://www.projectionhub.com which helps entrepre
create financial projections without Excel.

Sincerely,
Adam Hoeksema
Co-Founder - ProjectionHub
like to use our free
ich helps entrepreneurs
Company Name Rental Home Example

Sources and Uses

Source of Funds
What is your current cash balance? $10,000.00

Add: Current Loans $80,000.00

Add: Proposed Loans $0.00
Total Sources of Funds $90,000.00

Fixed Assets

Building Value
Rental Home $100,000.00

Services
Rental Home Days to Get Paid 0

Month 1
Rental Home Monthly Rental Price $1,000.00

Number of Homes 1

Rental Home Cost of Goods Sold Percent 0.00%

1
Owner Draw $0.00

Operating Expenses 1
Accounting $0.00
Advertising $0.00
Insurance $50.00
Legal Professional $0.00
Licenses $0.00
Maintenance $83.00
Meals Entertainment $0.00
Office Supplies $0.00
Property Tax $100.00
Rent $0.00
Telephone $0.00
Travel $0.00
Utilities $0.00
Website $0.00
Other $100.00
HOA Fees $50.00
Lawn Care $100.00

Miscellaneous Expense % 0.00%

Income Tax % 0.00%
Accounts Payable Terms 0

1
Monthly Total Sales $1,000.00
Monthly Material Cost $0.00
Monthly Labor Cost $0.00
Monthly Total COGS $0.00
Monthly Depreciation $308.64

Rental Home $1,000.00

Service Sales $1,000.00
Life Expectancy in Years Salvage Cost Month Purchased
27 $0.00 0

2 3 4 5 6
$1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00

1 1 1 1 1

0.00% 0.00% 0.00% 0.00% 0.00%

2 3 4 5 6
$0.00 $0.00 $0.00 $0.00 $0.00

2 3 4 5 6
$0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00
$50.00 $50.00 $50.00 $50.00 $50.00
$0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00
$83.00 $83.00 $83.00 $83.00 $83.00
$0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00
$100.00 $100.00 $100.00 $100.00 $100.00
$0.00 $0.00 $0.00 $0.00 $0.00
 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00
$100.00 $100.00 $100.00 $100.00 $100.00
$50.00 $50.00 $50.00 $50.00 $50.00
$100.00 $100.00 $100.00 $100.00 $100.00

2 3 4 5 6
$1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00
$0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00
$308.64 $308.64 $308.64 $308.64 $308.64

$1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00

$1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00
 7 8 9 10 11 12 13 14
$1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00

1 1 1 1 1 1 1 1

0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

7 8 9 10 11 12 13 14
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

7 8 9 10 11 12 13 14
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$50.00 $50.00 $50.00 $50.00 $50.00 $50.00 $50.00 $50.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$83.00 $83.00 $83.00 $83.00 $83.00 $83.00 $83.00 $83.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00
$50.00 $50.00 $50.00 $50.00 $50.00 $50.00 $50.00 $50.00
$100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00

7 8 9 10 11 12 13 14
$1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$308.64 $308.64 $308.64 $308.64 $308.64 $308.64 $308.64 $308.64

$1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00

$1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00
 15 16 17 18 19 20 21 22
$1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00

1 1 1 1 1 1 1 1

0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

15 16 17 18 19 20 21 22
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

15 16 17 18 19 20 21 22
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$50.00 $50.00 $50.00 $50.00 $50.00 $50.00 $50.00 $50.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$83.00 $83.00 $83.00 $83.00 $83.00 $83.00 $83.00 $83.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00
$50.00 $50.00 $50.00 $50.00 $50.00 $50.00 $50.00 $50.00
$100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00

15 16 17 18 19 20 21 22
$1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$308.64 $308.64 $308.64 $308.64 $308.64 $308.64 $308.64 $308.64

$1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00

$1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00
 23 24 25 26 27 28 29 30
$1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00

1 1 1 1 1 1 1 1

0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

23 24 25 26 27 28 29 30
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

23 24 25 26 27 28 29 30
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$50.00 $50.00 $50.00 $50.00 $50.00 $50.00 $50.00 $50.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$83.00 $83.00 $83.00 $83.00 $83.00 $83.00 $83.00 $83.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00
$50.00 $50.00 $50.00 $50.00 $50.00 $50.00 $50.00 $50.00
$100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00

23 24 25 26 27 28 29 30
$1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$308.64 $308.64 $308.64 $308.64 $308.64 $308.64 $308.64 $308.64

$1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00

$1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00
 31 32 33 34 35 36
$1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00

1 1 1 1 1 1

0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

31 32 33 34 35 36
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00

31 32 33 34 35 36
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$50.00 $50.00 $50.00 $50.00 $50.00 $50.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$83.00 $83.00 $83.00 $83.00 $83.00 $83.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$100.00 $100.00 $100.00 $100.00 $100.00 $100.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00
 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$100.00 $100.00 $100.00 $100.00 $100.00 $100.00
$50.00 $50.00 $50.00 $50.00 $50.00 $50.00
$100.00 $100.00 $100.00 $100.00 $100.00 $100.00

31 32 33 34 35 36
$1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$308.64 $308.64 $308.64 $308.64 $308.64 $308.64

$1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00

$1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00
 Mortgage Loan
Loan Amount $80,000.00
Length of Loan in Months 360
Interest Rate 4.50%
Month Payments Will Start On -1

Mortgage Loan
Month Payment Number Total Payment Interest Amount
1 1 $405.35 $300.00
2 2 $405.35 $299.60
3 3 $405.35 $299.21
4 4 $405.35 $298.81
5 5 $405.35 $298.41
6 6 $405.35 $298.01
7 7 $405.35 $297.61
8 8 $405.35 $297.20
9 9 $405.35 $296.80
10 10 $405.35 $296.39
11 11 $405.35 $295.98
12 12 $405.35 $295.57
13 13 $405.35 $295.16
14 14 $405.35 $294.75
15 15 $405.35 $294.33
16 16 $405.35 $293.92
17 17 $405.35 $293.50
18 18 $405.35 $293.08
19 19 $405.35 $292.66
20 20 $405.35 $292.24
21 21 $405.35 $291.81
22 22 $405.35 $291.39
23 23 $405.35 $290.96
24 24 $405.35 $290.53
25 25 $405.35 $290.10
26 26 $405.35 $289.67
27 27 $405.35 $289.23
28 28 $405.35 $288.80
29 29 $405.35 $288.36
30 30 $405.35 $287.92
31 31 $405.35 $287.48
32 32 $405.35 $287.04
33 33 $405.35 $286.60
34 34 $405.35 $286.15
35 35 $405.35 $285.70
36 36 $405.35 $285.25
37 37 $405.35 $284.80
Principal Amount Loan Balance
$105.35 $80,000.00
$105.74 $79,894.65
$106.14 $79,788.91
$106.54 $79,682.77
$106.94 $79,576.23
$107.34 $79,469.29
$107.74 $79,361.95
$108.14 $79,254.21
$108.55 $79,146.07
$108.96 $79,037.52
$109.37 $78,928.56
$109.78 $78,819.19
$110.19 $78,709.42
$110.60 $78,599.23
$111.02 $78,488.63
$111.43 $78,377.61
$111.85 $78,266.18
$112.27 $78,154.33
$112.69 $78,042.06
$113.11 $77,929.37
$113.54 $77,816.26
$113.96 $77,702.72
$114.39 $77,588.76
$114.82 $77,474.37
$115.25 $77,359.55
$115.68 $77,244.30
$116.12 $77,128.62
$116.55 $77,012.50
$116.99 $76,895.95
$117.43 $76,778.96
$117.87 $76,661.53
$118.31 $76,543.67
$118.75 $76,425.36
$119.20 $76,306.60
$119.65 $76,187.40
$120.09 $76,067.76
$120.54 $75,947.66
Job Title Annual Salary Employer Taxes Benefits Month Started

1 2 3 4

Total Salaries $0.00 $0.00 $0.00 $0.00

Month Ending # of this Particular Employee

5 6 7 8 9 10 11 12

$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

 13 14 15 16 17 18 19 20 21 22 23 24 25

$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
 26 27 28 29 30 31 32 33 34 35 36

$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Startup Sources and Uses Useful Life Salvage Cost
Required Starting Cash Balance $10,000.00
Rental Home $100,000.00 27 $0.00
How much inventory will you start with? $0.00
Other One Time Startup Costs $0.00

Total Startup Costs $110,000.00

Sources of Funding
Personal Investment/Personal Savings $30,000.00
Outside Investment $0.00
Loans $80,000.00

Uses of Funding
Land $110,000.00
Building $100,000.00
Equipment $100,000.00
Furniture $100,000.00
Required Starting Cash Balance $10,000.00
Starting Inventory $0.00
Other One Time Startup Costs $0.00
Monthly Depreciation

$308.64
Rental Home Example
Pro Forma Income Statement
Year 1
1 2 3 4 5
Oct-2014 Nov-2014 Dec-2014 Jan-2015 Feb-2015
Sales:
Rental Home $1,000 $1,000 $1,000 $1,000 $1,000
Total Sales $1,000 $1,000 $1,000 $1,000 $1,000

Material Cost $0 $0 $0 $0 $0
Labor Cost $0 $0 $0 $0 $0
Cost of Goods Sold $0 $0 $0 $0 $0

Gross Margin $1,000 $1,000 $1,000 $1,000 $1,000

Percent 100.00% 100.00% 100.00% 100.00% 100.00%

Operating Expenses
Accounting $0 $0 $0 $0 $0
Advertising $0 $0 $0 $0 $0
Insurance $50 $50 $50 $50 $50
Legal Professional $0 $0 $0 $0 $0
Licenses $0 $0 $0 $0 $0
Maintenance $83 $83 $83 $83 $83
Meals Entertainment $0 $0 $0 $0 $0
Office Supplies $0 $0 $0 $0 $0
Property Tax $100 $100 $100 $100 $100
Rent $0 $0 $0 $0 $0
Telephone $0 $0 $0 $0 $0
Travel $0 $0 $0 $0 $0
Utilities $0 $0 $0 $0 $0
Website $0 $0 $0 $0 $0
Other $100 $100 $100 $100 $100
HOA Fees $50 $50 $50 $50 $50
Lawn Care $100 $100 $100 $100 $100
Salaries $0 $0 $0 $0 $0
Miscellaneous Expense $0 $0 $0 $0 $0
Total Operating Expenses $483 $483 $483 $483 $483

EBITDA $517 $517 $517 $517 $517

Loan Interest Expense $300 $300 $299 $299 $298

Income Tax $0 $0 $0 $0 $0
Depreciation Expense $309 $309 $309 $309 $309

Net Income -$92 -$91 -$91 -$90 -$90

Adam Hoeksema
rentalhome@projectionhub.com
10101 Main Street
Chicago, IL United States
1112223333
 6 7 8 9 10 11 12
Mar-2015 Apr-2015 May-2015 Jun-2015 Jul-2015 Aug-2015 Sep-2015 Year 1

$1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $12,000

$1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $12,000

$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0

$1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $12,000

100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$50 $50 $50 $50 $50 $50 $50 $600
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$83 $83 $83 $83 $83 $83 $83 $996
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$100 $100 $100 $100 $100 $100 $100 $1,200
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$100 $100 $100 $100 $100 $100 $100 $1,200
$50 $50 $50 $50 $50 $50 $50 $600
$100 $100 $100 $100 $100 $100 $100 $1,200
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$483 $483 $483 $483 $483 $483 $483 $5,796

$517 $517 $517 $517 $517 $517 $517 $6,204

$298 $298 $297 $297 $296 $296 $296 $3,574

$0 $0 $0 $0 $0 $0 $0 $0
$309 $309 $309 $309 $309 $309 $309 $3,704

-$90 -$89 -$89 -$88 -$88 -$88 -$87 -$1,073

Rental Home Example
Pro Forma Income Statement
Year 2
13 14 15 16 17
Oct-2015 Nov-2015 Dec-2015 Jan-2016 Feb-2016
Sales:
Rental Home $1,000 $1,000 $1,000 $1,000 $1,000
Total Sales $1,000 $1,000 $1,000 $1,000 $1,000

Material Cost $0 $0 $0 $0 $0
Labor Cost $0 $0 $0 $0 $0
Cost of Goods Sold $0 $0 $0 $0 $0

Gross Margin $1,000 $1,000 $1,000 $1,000 $1,000

Percent 100.00% 100.00% 100.00% 100.00% 100.00%

Operating Expenses
Accounting $0 $0 $0 $0 $0
Advertising $0 $0 $0 $0 $0
Insurance $50 $50 $50 $50 $50
Legal Professional $0 $0 $0 $0 $0
Licenses $0 $0 $0 $0 $0
Maintenance $83 $83 $83 $83 $83
Meals Entertainment $0 $0 $0 $0 $0
Office Supplies $0 $0 $0 $0 $0
Property Tax $100 $100 $100 $100 $100
Rent $0 $0 $0 $0 $0
Telephone $0 $0 $0 $0 $0
Travel $0 $0 $0 $0 $0
Utilities $0 $0 $0 $0 $0
Website $0 $0 $0 $0 $0
Other $100 $100 $100 $100 $100
HOA Fees $50 $50 $50 $50 $50
Lawn Care $100 $100 $100 $100 $100
Salaries $0 $0 $0 $0 $0
Miscellaneous Expense $0 $0 $0 $0 $0
Total Operating Expenses $483 $483 $483 $483 $483

EBITDA $517 $517 $517 $517 $517

Loan Interest Expense $295 $295 $294 $294 $293

Income Tax $0 $0 $0 $0 $0
Depreciation Expense $309 $309 $309 $309 $309

Net Income -$87 -$86 -$86 -$86 -$85

Adam Hoeksema
rentalhome@projectionhub.com
10101 Main Street
Chicago, IL United States
1112223333
 18 19 20 21 22 23 24
Mar-2016 Apr-2016 May-2016 Jun-2016 Jul-2016 Aug-2016 Sep-2016 Year 2

$1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $12,000

$1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $12,000

$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0

$1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $12,000

100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$50 $50 $50 $50 $50 $50 $50 $600
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$83 $83 $83 $83 $83 $83 $83 $996
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$100 $100 $100 $100 $100 $100 $100 $1,200
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$100 $100 $100 $100 $100 $100 $100 $1,200
$50 $50 $50 $50 $50 $50 $50 $600
$100 $100 $100 $100 $100 $100 $100 $1,200
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$483 $483 $483 $483 $483 $483 $483 $5,796

$517 $517 $517 $517 $517 $517 $517 $6,204

$293 $293 $292 $292 $291 $291 $291 $3,514

$0 $0 $0 $0 $0 $0 $0 $0
$309 $309 $309 $309 $309 $309 $309 $3,704

-$85 -$84 -$84 -$83 -$83 -$83 -$82 -$1,014

Rental Home Example
Pro Forma Income Statement
Year 3
25 26 27 28 29
Oct-2016 Nov-2016 Dec-2016 Jan-2017 Feb-2017
Sales:
Rental Home $1,000 $1,000 $1,000 $1,000 $1,000
Total Sales $1,000 $1,000 $1,000 $1,000 $1,000

Material Cost $0 $0 $0 $0 $0
Labor Cost $0 $0 $0 $0 $0
Cost of Goods Sold $0 $0 $0 $0 $0

Gross Margin $1,000 $1,000 $1,000 $1,000 $1,000

Percent 100.00% 100.00% 100.00% 100.00% 100.00%

Operating Expenses
Accounting $0 $0 $0 $0 $0
Advertising $0 $0 $0 $0 $0
Insurance $50 $50 $50 $50 $50
Legal Professional $0 $0 $0 $0 $0
Licenses $0 $0 $0 $0 $0
Maintenance $83 $83 $83 $83 $83
Meals Entertainment $0 $0 $0 $0 $0
Office Supplies $0 $0 $0 $0 $0
Property Tax $100 $100 $100 $100 $100
Rent $0 $0 $0 $0 $0
Telephone $0 $0 $0 $0 $0
Travel $0 $0 $0 $0 $0
Utilities $0 $0 $0 $0 $0
Website $0 $0 $0 $0 $0
Other $100 $100 $100 $100 $100
HOA Fees $50 $50 $50 $50 $50
Lawn Care $100 $100 $100 $100 $100
Salaries $0 $0 $0 $0 $0
Miscellaneous Expense $0 $0 $0 $0 $0
Total Operating Expenses $483 $483 $483 $483 $483

EBITDA $517 $517 $517 $517 $517

Loan Interest Expense $290 $290 $289 $289 $288

Income Tax $0 $0 $0 $0 $0
Depreciation Expense $309 $309 $309 $309 $309

Net Income -$82 -$81 -$81 -$80 -$80

Adam Hoeksema
rentalhome@projectionhub.com
10101 Main Street
Chicago, IL United States
1112223333
 30 31 32 33 34 35 36
Mar-2017 Apr-2017 May-2017 Jun-2017 Jul-2017 Aug-2017 Sep-2017 Year 3

$1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $12,000

$1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $12,000

$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0

$1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $12,000

100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$50 $50 $50 $50 $50 $50 $50 $600
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$83 $83 $83 $83 $83 $83 $83 $996
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$100 $100 $100 $100 $100 $100 $100 $1,200
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$100 $100 $100 $100 $100 $100 $100 $1,200
$50 $50 $50 $50 $50 $50 $50 $600
$100 $100 $100 $100 $100 $100 $100 $1,200
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$483 $483 $483 $483 $483 $483 $483 $5,796

$517 $517 $517 $517 $517 $517 $517 $6,204

$288 $287 $287 $287 $286 $286 $285 $3,452

$0 $0 $0 $0 $0 $0 $0 $0
$309 $309 $309 $309 $309 $309 $309 $3,704

-$80 -$79 -$79 -$78 -$78 -$77 -$77 -$952

Rental Home Example
Cash Flow Statement
Year 1

Oct-2014 Nov-2014 Dec-2014 Jan-2015

0 1 2 3 4
Cash Balance $0 $10,000 $10,353 $10,465 $10,576

Cash Receipts
Service Sales $0 $1,000 $1,000 $1,000 $1,000
Loans $0 $0 $0 $0 $0
Total Cash Receipts $0 $1,000 $1,000 $1,000 $1,000

Cash Disbursements
Material Costs $0 $0 $0 $0 $0
Labor Costs $0 $0 $0 $0 $0
Accounting $0 $0 $0 $0 $0
Advertising $0 $0 $0 $0 $0
Insurance $0 $25 $50 $50 $50
Legal Professional $0 $0 $0 $0 $0
Licenses $0 $0 $0 $0 $0
Maintenance $0 $42 $83 $83 $83
Meals Entertainment $0 $0 $0 $0 $0
Office Supplies $0 $0 $0 $0 $0
Property Tax $0 $50 $100 $100 $100
Rent $0 $0 $0 $0 $0
Telephone $0 $0 $0 $0 $0
Travel $0 $0 $0 $0 $0
Utilities $0 $0 $0 $0 $0
Website $0 $0 $0 $0 $0
Other $0 $50 $100 $100 $100
HOA Fees1 $0 $25 $50 $50 $50
Lawn Care1 $0 $50 $100 $100 $100
Salaries $0 $0 $0 $0 $0
Loan Interest Expense $0 $300 $300 $299 $299
Loan Principal Expense $0 $105 $106 $106 $107
Owner Draw $0 $0 $0 $0 $0
Capital Purchases $100,000 $0 $0 $0 $0
Miscellaneous $0 $0 $0 $0 $0
Income Tax $0 $0 $0 $0 $0
Change in Inventory $0 $0 $0 $0 $0
Total Cash Disbursements $100,000 $647 $888 $888 $888

Net Cash Flow -$100,000 $353 $112 $112 $112

Cumulative Cash Flow -$100,000 -$99,647 -$99,535 -$99,424 -$99,312

Adam Hoeksema
rentalhome@projectionhub.com
10101 Main Street
Chicago, IL United States
1112223333
Feb-2015 Mar-2015 Apr-2015 May-2015 Jun-2015 Jul-2015 Aug-2015 Sep-2015 Year 1
5 6 7 8 9 10 11 12
$10,688 $10,800 $10,911 $11,023 $11,135 $11,246 $11,358 $11,470 $11,470

$1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $12,000

$0 $0 $0 $0 $0 $0 $0 $0 $0
$1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $12,000

$0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0
$50 $50 $50 $50 $50 $50 $50 $50 $575
$0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0
$83 $83 $83 $83 $83 $83 $83 $83 $955
$0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0
$100 $100 $100 $100 $100 $100 $100 $100 $1,150
$0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0
$100 $100 $100 $100 $100 $100 $100 $100 $1,150
$50 $50 $50 $50 $50 $50 $50 $50 $575
$100 $100 $100 $100 $100 $100 $100 $100 $1,150
$0 $0 $0 $0 $0 $0 $0 $0 $0
$298 $298 $298 $297 $297 $296 $296 $296 $3,574
$107 $107 $108 $108 $109 $109 $109 $110 $1,291
$0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $100,000
$0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0
$888 $888 $888 $888 $888 $888 $888 $888 $110,419

$112 $112 $112 $112 $112 $112 $112 $112 -$98,419

-$99,200 -$99,089 -$98,977 -$98,865 -$98,754 -$98,642 -$98,530 -$98,419 -$98,419
Rental Home Example
Cash Flow Statement
Year 2

Oct-2015 Nov-2015 Dec-2015 Jan-2016 Feb-2016

13 14 15 16 17
Cash Balance $11,581 $11,693 $11,805 $11,916 $12,028

Cash Receipts
Service Sales $1,000 $1,000 $1,000 $1,000 $1,000
Loans $0 $0 $0 $0 $0
Total Cash Receipts $1,000 $1,000 $1,000 $1,000 $1,000

Cash Disbursements
Material Costs $0 $0 $0 $0 $0
Labor Costs $0 $0 $0 $0 $0
Accounting $0 $0 $0 $0 $0
Advertising $0 $0 $0 $0 $0
Insurance $50 $50 $50 $50 $50
Legal Professional $0 $0 $0 $0 $0
Licenses $0 $0 $0 $0 $0
Maintenance $83 $83 $83 $83 $83
Meals Entertainment $0 $0 $0 $0 $0
Office Supplies $0 $0 $0 $0 $0
Property Tax $100 $100 $100 $100 $100
Rent $0 $0 $0 $0 $0
Telephone $0 $0 $0 $0 $0
Travel $0 $0 $0 $0 $0
Utilities $0 $0 $0 $0 $0
Website $0 $0 $0 $0 $0
Other $100 $100 $100 $100 $100
HOA Fees1 $50 $50 $50 $50 $50
Lawn Care1 $100 $100 $100 $100 $100
Salaries $0 $0 $0 $0 $0
Loan Interest Expense $295 $295 $294 $294 $293
Loan Principal Expense $110 $111 $111 $111 $112
Owner Draw $0 $0 $0 $0 $0
Capital Purchases $0 $0 $0 $0 $0
Miscellaneous $0 $0 $0 $0 $0
Income Tax $0 $0 $0 $0 $0
Change in Inventory $0 $0 $0 $0 $0
Total Cash Disbursements $888 $888 $888 $888 $888

Net Cash Flow $112 $112 $112 $112 $112

Cumulative Cash Flow -$98,307 -$98,195 -$98,084 -$97,972 -$97,860

Adam Hoeksema
rentalhome@projectionhub.com
10101 Main Street
Chicago, IL United States
1112223333
Mar-2016 Apr-2016 May-2016 Jun-2016 Jul-2016 Aug-2016 Sep-2016 Year 2
18 19 20 21 22 23 24
$12,140 $12,251 $12,363 $12,475 $12,586 $12,698 $12,809 $12,809

$1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $12,000

$0 $0 $0 $0 $0 $0 $0 $0
$1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $12,000

$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$50 $50 $50 $50 $50 $50 $50 $600
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$83 $83 $83 $83 $83 $83 $83 $996
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$100 $100 $100 $100 $100 $100 $100 $1,200
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$100 $100 $100 $100 $100 $100 $100 $1,200
$50 $50 $50 $50 $50 $50 $50 $600
$100 $100 $100 $100 $100 $100 $100 $1,200
$0 $0 $0 $0 $0 $0 $0 $0
$293 $293 $292 $292 $291 $291 $291 $3,514
$112 $113 $113 $114 $114 $114 $115 $1,350
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$888 $888 $888 $888 $888 $888 $888 $10,660

$112 $112 $112 $112 $112 $112 $112 $1,340

-$97,749 -$97,637 -$97,525 -$97,414 -$97,302 -$97,191 -$97,079 -$97,079
Rental Home Example
Cash Flow Statement
Year 3

Oct-2016 Nov-2016 Dec-2016 Jan-2017 Feb-2017

25 26 27 28 29
Cash Balance $12,921 $13,033 $13,144 $13,256 $13,368

Cash Receipts
Service Sales $1,000 $1,000 $1,000 $1,000 $1,000
Loans $0 $0 $0 $0 $0
Total Cash Receipts $1,000 $1,000 $1,000 $1,000 $1,000

Cash Disbursements
Material Costs $0 $0 $0 $0 $0
Labor Costs $0 $0 $0 $0 $0
Accounting $0 $0 $0 $0 $0
Advertising $0 $0 $0 $0 $0
Insurance $50 $50 $50 $50 $50
Legal Professional $0 $0 $0 $0 $0
Licenses $0 $0 $0 $0 $0
Maintenance $83 $83 $83 $83 $83
Meals Entertainment $0 $0 $0 $0 $0
Office Supplies $0 $0 $0 $0 $0
Property Tax $100 $100 $100 $100 $100
Rent $0 $0 $0 $0 $0
Telephone $0 $0 $0 $0 $0
Travel $0 $0 $0 $0 $0
Utilities $0 $0 $0 $0 $0
Website $0 $0 $0 $0 $0
Other $100 $100 $100 $100 $100
HOA Fees1 $50 $50 $50 $50 $50
Lawn Care1 $100 $100 $100 $100 $100
Salaries $0 $0 $0 $0 $0
Loan Interest Expense $290 $290 $289 $289 $288
Loan Principal Expense $115 $116 $116 $117 $117
Owner Draw $0 $0 $0 $0 $0
Capital Purchases $0 $0 $0 $0 $0
Miscellaneous $0 $0 $0 $0 $0
Income Tax $0 $0 $0 $0 $0
Change in Inventory $0 $0 $0 $0 $0
Total Cash Disbursements $888 $888 $888 $888 $888

Net Cash Flow $112 $112 $112 $112 $112

Cumulative Cash Flow -$96,967 -$96,856 -$96,744 -$96,632 -$96,521

Adam Hoeksema
rentalhome@projectionhub.com
10101 Main Street
Chicago, IL United States
1112223333
Mar-2017 Apr-2017 May-2017 Jun-2017 Jul-2017 Aug-2017 Sep-2017 Year 3
30 31 32 33 34 35 36
$13,479 $13,591 $13,703 $13,814 $13,926 $14,038 $14,149 $14,149

$1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $12,000

$0 $0 $0 $0 $0 $0 $0 $0
$1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $12,000

$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$50 $50 $50 $50 $50 $50 $50 $600
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$83 $83 $83 $83 $83 $83 $83 $996
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$100 $100 $100 $100 $100 $100 $100 $1,200
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$100 $100 $100 $100 $100 $100 $100 $1,200
$50 $50 $50 $50 $50 $50 $50 $600
$100 $100 $100 $100 $100 $100 $100 $1,200
$0 $0 $0 $0 $0 $0 $0 $0
$288 $287 $287 $287 $286 $286 $285 $3,452
$117 $118 $118 $119 $119 $120 $120 $1,412
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$888 $888 $888 $888 $888 $888 $888 $10,660

$112 $112 $112 $112 $112 $112 $112 $1,340

-$96,409 -$96,297 -$96,186 -$96,074 -$95,962 -$95,851 -$95,739 -$95,739
Rental Home Example
Balance Sheet
Year 1

Oct-2014 Nov-2014 Dec-2014 Jan-2015

0 1 2 3 4
Assets:
Current Assets:
Cash $10,000 $10,353 $10,465 $10,576 $10,688
Accounts Receivable $0 $0 $0 $0 $0
Inventory $0 $0 $0 $0 $0
Total Current Assets $10,000 $10,353 $10,465 $10,576 $10,688

Fixed Assets:
Building $100,000 $100,000 $100,000 $100,000 $100,000
Accumulated Depreciation $0 -$309 -$617 -$926 -$1,235
Total Fixed Assets Net $100,000 $99,691 $99,383 $99,074 $98,765

Total Assets $110,000 $110,045 $109,848 $109,651 $109,454

Liabilities and Equity

Current Liabilities:
Accounts Payable $0 $242 $242 $242 $242
Total Current Liabilities $0 $242 $242 $242 $242

Long-Term Liabilities:
Mortgage Loan $80,000 $79,895 $79,789 $79,683 $79,576
Total Long-Term Liabilities $80,000 $79,895 $79,789 $79,683 $79,576

Total Liabilities $80,000 $80,136 $80,030 $79,924 $79,818

Shareholder's Equity:
Paid in Capital $30,000 $30,000 $30,000 $30,000 $30,000
Additional Equity Injections $0 $0 $0 $0 $0
Owner Draw $0 $0 $0 $0 $0
Retained Earnings $0 -$92 -$183 -$274 -$364
Total Equity $30,000 $29,908 $29,817 $29,726 $29,636

Total Liabilities and Equity $110,000 $110,045 $109,848 $109,651 $109,454

Adam Hoeksema
rentalhome@projectionhub.com
10101 Main Street
Chicago, IL United States
1112223333
Feb-2015 Mar-2015 Apr-2015 May-2015 Jun-2015 Jul-2015 Aug-2015 Sep-2015
5 6 7 8 9 10 11 12

$10,800 $10,911 $11,023 $11,135 $11,246 $11,358 $11,470 $11,581

$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$10,800 $10,911 $11,023 $11,135 $11,246 $11,358 $11,470 $11,581

$100,000 $100,000 $100,000 $100,000 $100,000 $100,000 $100,000 $100,000

-$1,543 -$1,852 -$2,160 -$2,469 -$2,778 -$3,086 -$3,395 -$3,704
$98,457 $98,148 $97,840 $97,531 $97,222 $96,914 $96,605 $96,296

$109,257 $109,060 $108,863 $108,666 $108,469 $108,272 $108,075 $107,878

$242 $242 $242 $242 $242 $242 $242 $242

$242 $242 $242 $242 $242 $242 $242 $242

$79,469 $79,362 $79,254 $79,146 $79,038 $78,929 $78,819 $78,709

$79,469 $79,362 $79,254 $79,146 $79,038 $78,929 $78,819 $78,709

$79,711 $79,603 $79,496 $79,388 $79,279 $79,170 $79,061 $78,951

$30,000 $30,000 $30,000 $30,000 $30,000 $30,000 $30,000 $30,000

$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
-$454 -$544 -$633 -$722 -$810 -$898 -$986 -$1,073
$29,546 $29,456 $29,367 $29,278 $29,190 $29,102 $29,014 $28,927

$109,257 $109,060 $108,863 $108,666 $108,469 $108,272 $108,075 $107,878

Rental Home Example
Balance Sheet
Year 2

Oct-2015 Nov-2015 Dec-2015 Jan-2016 Feb-2016

13 14 15 16 17
Assets:
Current Assets:
Cash $11,693 $11,805 $11,916 $12,028 $12,140
Accounts Receivable $0 $0 $0 $0 $0
Inventory $0 $0 $0 $0 $0
Total Current Assets $11,693 $11,805 $11,916 $12,028 $12,140

Fixed Assets:
Building $100,000 $100,000 $100,000 $100,000 $100,000
Accumulated Depreciation -$4,012 -$4,321 -$4,630 -$4,938 -$5,247
Total Fixed Assets Net $95,988 $95,679 $95,370 $95,062 $94,753

Total Assets $107,681 $107,484 $107,287 $107,090 $106,893

Liabilities and Equity

Current Liabilities:
Accounts Payable $242 $242 $242 $242 $242
Total Current Liabilities $242 $242 $242 $242 $242

Long-Term Liabilities:
Mortgage Loan $78,599 $78,489 $78,378 $78,266 $78,154
Total Long-Term Liabilities $78,599 $78,489 $78,378 $78,266 $78,154

Total Liabilities $78,841 $78,730 $78,619 $78,508 $78,396

Shareholder's Equity:
Paid in Capital $30,000 $30,000 $30,000 $30,000 $30,000
Additional Equity Injections $0 $0 $0 $0 $0
Owner Draw $0 $0 $0 $0 $0
Retained Earnings -$1,160 -$1,246 -$1,332 -$1,418 -$1,503
Total Equity $28,840 $28,754 $28,668 $28,582 $28,497

Total Liabilities and Equity $107,681 $107,484 $107,287 $107,090 $106,893

Adam Hoeksema
rentalhome@projectionhub.com
10101 Main Street
Chicago, IL United States
1112223333
Mar-2016 Apr-2016 May-2016 Jun-2016 Jul-2016 Aug-2016 Sep-2016
18 19 20 21 22 23 24

$12,251 $12,363 $12,475 $12,586 $12,698 $12,809 $12,921

$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$12,251 $12,363 $12,475 $12,586 $12,698 $12,809 $12,921

$100,000 $100,000 $100,000 $100,000 $100,000 $100,000 $100,000

-$5,556 -$5,864 -$6,173 -$6,481 -$6,790 -$7,099 -$7,407
$94,444 $94,136 $93,827 $93,519 $93,210 $92,901 $92,593

$106,696 $106,499 $106,302 $106,105 $105,908 $105,711 $105,514

$242 $242 $242 $242 $242 $242 $242

$242 $242 $242 $242 $242 $242 $242

$78,042 $77,929 $77,816 $77,703 $77,589 $77,474 $77,360

$78,042 $77,929 $77,816 $77,703 $77,589 $77,474 $77,360

$78,284 $78,171 $78,058 $77,944 $77,830 $77,716 $77,601

$30,000 $30,000 $30,000 $30,000 $30,000 $30,000 $30,000

$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
-$1,588 -$1,672 -$1,756 -$1,840 -$1,923 -$2,005 -$2,087
$28,412 $28,328 $28,244 $28,160 $28,077 $27,995 $27,913

$106,696 $106,499 $106,302 $106,105 $105,908 $105,711 $105,514

Rental Home Example
Balance Sheet
Year 3

Oct-2016 Nov-2016 Dec-2016 Jan-2017 Feb-2017

25 26 27 28 29
Assets:
Current Assets:
Cash $13,033 $13,144 $13,256 $13,368 $13,479
Accounts Receivable $0 $0 $0 $0 $0
Inventory $0 $0 $0 $0 $0
Total Current Assets $13,033 $13,144 $13,256 $13,368 $13,479

Fixed Assets:
Building $100,000 $100,000 $100,000 $100,000 $100,000
Accumulated Depreciation -$7,716 -$8,025 -$8,333 -$8,642 -$8,951
Total Fixed Assets Net $92,284 $91,975 $91,667 $91,358 $91,049

Total Assets $105,317 $105,120 $104,923 $104,726 $104,529

Liabilities and Equity

Current Liabilities:
Accounts Payable $242 $242 $242 $242 $242
Total Current Liabilities $242 $242 $242 $242 $242

Long-Term Liabilities:
Mortgage Loan $77,244 $77,129 $77,013 $76,896 $76,779
Total Long-Term Liabilities $77,244 $77,129 $77,013 $76,896 $76,779

Total Liabilities $77,486 $77,370 $77,254 $77,137 $77,020

Shareholder's Equity:
Paid in Capital $30,000 $30,000 $30,000 $30,000 $30,000
Additional Equity Injections $0 $0 $0 $0 $0
Owner Draw $0 $0 $0 $0 $0
Retained Earnings -$2,169 -$2,250 -$2,331 -$2,412 -$2,492
Total Equity $27,831 $27,750 $27,669 $27,588 $27,508

Total Liabilities and Equity $105,317 $105,120 $104,923 $104,726 $104,529

Adam Hoeksema
rentalhome@projectionhub.com
10101 Main Street
Chicago, IL United States
1112223333
Mar-2017 Apr-2017 May-2017 Jun-2017 Jul-2017 Aug-2017 Sep-2017
30 31 32 33 34 35 36

$13,591 $13,703 $13,814 $13,926 $14,038 $14,149 $14,261

$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$13,591 $13,703 $13,814 $13,926 $14,038 $14,149 $14,261

$100,000 $100,000 $100,000 $100,000 $100,000 $100,000 $100,000

-$9,259 -$9,568 -$9,877 -$10,185 -$10,494 -$10,802 -$11,111
$90,741 $90,432 $90,123 $89,815 $89,506 $89,198 $88,889

$104,332 $104,135 $103,938 $103,741 $103,544 $103,347 $103,150

$242 $242 $242 $242 $242 $242 $242

$242 $242 $242 $242 $242 $242 $242

$76,662 $76,544 $76,425 $76,307 $76,187 $76,068 $75,948

$76,662 $76,544 $76,425 $76,307 $76,187 $76,068 $75,948

$76,903 $76,785 $76,667 $76,548 $76,429 $76,309 $76,189

$30,000 $30,000 $30,000 $30,000 $30,000 $30,000 $30,000

$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
-$2,571 -$2,650 -$2,729 -$2,807 -$2,885 -$2,962 -$3,039
$27,429 $27,350 $27,271 $27,193 $27,115 $27,038 $26,961

$104,332 $104,135 $103,938 $103,741 $103,544 $103,347 $103,150

Service Assumptions
Rental Home 1% of the value of the home is charged as rent.

Adam Hoeksema
rentalhome@projectionhub.com
10101 Main Street
Chicago, IL United States
1112223333
 Year 1 Year 2 Year 3
Sales
Rental Home $12,000 $12,000 $12,000
Total Sales $12,000 $12,000 $12,000

Material Cost $0 $0 $0
Labor Cost $0 $0 $0
Cost of Goods Sold $0 $0 $0

Gross Margin $12,000 $12,000 $12,000

Operating Expenses
Accounting $0 $0 $0
Advertising $0 $0 $0
Insurance $600 $600 $600
Legal Professional $0 $0 $0
Licenses $0 $0 $0
Maintenance $996 $996 $996
Meals Entertainment $0 $0 $0
Office Supplies $0 $0 $0
Property Tax $1,200 $1,200 $1,200
Rent $0 $0 $0
Telephone $0 $0 $0
Travel $0 $0 $0
Utilities $0 $0 $0
Website $0 $0 $0
Other $1,200 $1,200 $1,200
HOA Fees $600 $600 $600
Lawn Care $1,200 $1,200 $1,200
Salaries $0 $0 $0
Total Operating Expenses $5,796 $5,796 $5,796

Income Tax $0 $0 $0

Net Income -$1,073 -$1,014 -$952

Adam Hoeksema
rentalhome@projectionhub.com
10101 Main Street
Chicago, IL United States
1112223333
 Sales Forecast - Year 1 Sales Forecast - Year
$1,200 $1,200

$1,000 $1,000

$800 $800

$600 $600
USD

USD
$400 $400

$200 $200

$0 $0
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 2
Month Month

Annual Sales Forecast Annual Sales, Gross Margin,

$14,000 $14,000
$12,000
$12,000
$10,000
$10,000
$8,000
$8,000 $6,000
USD
USD

$4,000
$6,000
$2,000
$4,000
$0
$2,000 -$2,000
Year 1 Year 2
$0
Year 1 Year 2 Year 3 Total Sales Gross Margin Net I

Sources of Funding Uses of Funding

Required Starting Cash Balance; $10,0

Personal Investment/Personal Savings; $30,000.00 Furniture; $100,000.00 Land; $110,0

Loans; $80,000.00 Equipment; $100,000.00

Building; $100

Break-even Analysis
-65
 Break-even Analysis
-65

-70

-75

-80
USD

-85

-90

-95
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 3
Month

Projected Cash Flow - Year 1 Projected Cash Flow - Y

$400
$350
$300
$250
$200
USD

$150 USD
$112
$100
$112
$50
$0 $112
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 2
Month Month
 1 2 3 4 5 6 7 8 9
Net Incom -91.642 -91.2469 -90.8504 -90.4524 -90.0528 -89.6518 -89.2493 -88.8453 -88.4397
Sales Forecast - Year 2 Sales Forecast - Year 3
$1,200

$1,000

$800

$600

USD
$400

$200

$0
14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36
Month Month

Sales, Gross Margin, Net Profit

Year 1 Year 2 Year 3

Total Sales Gross Margin Net Income

Uses of Funding

quired Starting Cash Balance; $10,000.00

niture; $100,000.00 Land; $110,000.00

uipment; $100,000.00
Building; $100,000.00
 23 24 25 26 27 28 29 30 31 32 33 34 35 36

jected Cash Flow - Year 2 Projected Cash Flow - Year 3

USD

$112
$112

$112
14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36
Month Month
 10 11 12 13 14 15 16 17 18 19
-88.0327 -87.6241 -87.214 -86.8023 -86.3891 -85.9743 -85.558 -85.1402 -84.7207 -84.2997
r3

32 33 34 35 36
Year 3

2 33 34 35 36
 20 21 22 23 24 25 26 27 28 29
-83.8771 -83.4529 -83.0272 -82.5998 -82.1709 -81.7403 -81.3081 -80.8743 -80.4389 -80.0018
 30 31 32 33 34 35 36
-79.5631 -79.1227 -78.6807 -78.2371 -77.7917 -77.3447 -76.8961