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% p.a.
yrs.
%
yrs.
% of income
% of income
%
%
%
%
%
%
p.a.
p.a.
p.a.
%
%
of total
of total
RESULTS
ACQUISITION DATA
LOAN DATA
Price
Dn. Pymt.
Loan Amt.
Buy Costs
Cap Impr.
Interest %
No. Yrs.
Mo. P & I
Yr. P & I
4.50%
30
1,454
17,450
Yr.1
Yr. 2
410,000
123,000
287,000
12,300
2,000
DEPRECIATION
Land
Improvement
No. Yrs.
Yr. Depr.
100%
0%
27.5
520
410,000
14,300
Yr. 3
Yr. 4
Yr. 5
Yr. 6
Yr. 7
Yr. 8
Yr. 9
Yr. 10
12,000
0
12,000
5.00%
12,600
0
12,600
5.00%
13,230
0
13,230
5.00%
13,892
0
13,892
5.00%
14,586
0
14,586
5.00%
15,315
0
15,315
5.00%
16,081
0
16,081
5.00%
16,885
0
16,885
5.00%
17,729
0
17,729
5.00%
18,616
0
18,616
Yr. 1
Yr. 2
Yr. 3
Yr. 4
Yr. 5
Yr. 6
Yr. 7
Yr. 8
Yr. 9
Yr. 10
4,500
350
50
0
0
0
0
6,000
0
0
0
0
0
0
10,900
90.83%
5.00%
4,725
368
53
0
0
0
0
6,300
0
0
0
0
0
0
11,445
90.83%
5.00%
4,961
386
55
0
0
0
0
6,615
0
0
0
0
0
0
12,017
90.83%
5.00%
5,209
405
58
0
0
0
0
6,946
0
0
0
0
0
0
12,618
90.83%
5.00%
5,470
425
61
0
0
0
0
7,293
0
0
0
0
0
0
13,249
90.83%
5.00%
5,743
447
64
0
0
0
0
7,658
0
0
0
0
0
0
13,911
90.83%
5.00%
6,030
469
67
0
0
0
0
8,041
0
0
0
0
0
0
14,607
90.83%
5.00%
6,332
492
70
0
0
0
0
8,443
0
0
0
0
0
0
15,337
90.83%
5.00%
6,649
517
74
0
0
0
0
8,865
0
0
0
0
0
0
16,104
90.83%
5.00%
6,981
543
78
0
0
0
0
9,308
0
0
0
0
0
0
16,909
90.83%
1,100
1,155
1,213
1,273
1,337
1,404
1,474
1,548
1,625
1,706
Yr. 1
Yr. 2
Yr. 3
Yr. 4
Yr. 5
Yr. 6
Yr. 7
Yr. 8
Yr. 9
Yr. 10
1,100
17,450
-16,350
1,155
17,450
-16,295
1,213
17,450
-16,237
1,273
17,450
-16,177
1,337
17,450
-16,113
1,404
17,450
-16,046
1,474
17,450
-15,976
1,548
17,450
-15,902
1,625
17,450
-15,825
1,706
17,450
-15,744
Yr. 1
Yr. 2
Yr. 3
Yr. 4
Yr. 5
Yr. 6
Yr. 7
Yr. 8
Yr. 9
Yr. 10
1,100
12,820
520
-12,240
25.00%
3,060
1,155
12,608
520
-11,973
25.00%
2,993
1,213
12,385
520
-11,692
25.00%
2,923
1,273
12,152
520
-11,399
25.00%
2,850
1,337
11,909
520
-11,092
25.00%
2,773
1,404
11,654
520
-10,771
25.00%
2,693
1,474
11,388
520
-10,434
25.00%
2,609
1,548
11,110
520
-10,082
25.00%
2,520
1,625
10,818
520
-9,713
25.00%
2,428
1,706
10,514
520
-9,327
25.00%
2,332
Yr. 1
Yr. 2
Yr. 3
Yr. 4
Yr. 5
Yr. 6
Yr. 7
Yr. 8
Yr. 9
Yr. 10
287,000 282,370
282,370 277,527
4,630
4,843
277,527
272,462
5,065
272,462
267,164
5,298
267,164
261,623
5,541
261,623
255,827
5,796
255,827
249,765
6,062
249,765
243,425
6,341
243,425
236,793
6,632
236,793
229,857
6,936
Yr. 2
Yr. 3
Yr. 4
Yr. 5
Yr. 6
Yr. 7
Yr. 8
Yr. 9
Yr. 10
2.00%
2.00%
410,000 418,200
418,200 426,564
8,200
8,364
2.00%
426,564
435,095
8,531
2.00%
435,095
443,797
8,702
2.00%
443,797
452,673
8,876
2.00%
452,673
461,727
9,053
2.00%
461,727
470,961
9,235
2.00%
470,961
480,380
9,419
2.00%
480,380
489,988
9,608
2.00%
489,988
499,788
9,800
TAX BENEFIT
Net Operating Income
-Annual Interest
-Annual Depreciation
Taxable Income
x Investor's Tax Bracket
TAX BENEFIT
25.00%
PROPERTY APPRECIATION
Yr. 1
(Increase)
2.00%
Start of Year Value
End of Year Value
TOTAL ANNUAL APPRECIATION
FINANCIAL ANALYSIS
RETURN ON INITIAL EQUITY (Assume Initial Equity = Down Payment + Capital Improvement)
Yr. 1
Yr. 2
Yr. 3
Yr. 4
Yr. 5
Yr. 6
Yr. 7
Yr. 8
Yr. 9
Yr. 10
-16,350
3,060
4,630
8,200
-460
-16,295
2,993
4,843
8,364
-95
-16,237
2,923
5,065
8,531
282
-16,177
2,850
5,298
8,702
673
-16,113
2,773
5,541
8,876
1,077
-16,046
2,693
5,796
9,053
1,496
-15,976
2,609
6,062
9,235
1,929
-15,902
2,520
6,341
9,419
2,378
-15,825
2,428
6,632
9,608
2,843
-15,744
2,332
6,936
9,800
3,324
INITIAL EQUITY:
Down Payment
Capital Improvement
TOTAL INITIAL EQUITY
123,000 123,000
2,000
2,000
125,000 125,000
123,000
2,000
125,000
123,000
2,000
125,000
123,000
2,000
125,000
123,000
2,000
125,000
123,000
2,000
125,000
123,000
2,000
125,000
123,000
2,000
125,000
123,000
2,000
125,000
0.23%
0.54%
0.86%
1.20%
1.54%
1.90%
2.27%
2.66%
-0.37%
-0.08%
RETURN ON TOTAL EQUITY (Assume Total Equity = Start of Year Value - Start of Year Loan Balance)
Yr. 1
Yr. 2
Yr. 3
Yr. 4
Yr. 5
Yr. 6
Yr. 7
Yr. 8
Yr. 9
Yr. 10
-16,350
3,060
4,630
8,200
-460
-16,295
2,993
4,843
8,364
-95
-16,237
2,923
5,065
8,531
282
-16,177
2,850
5,298
8,702
673
-16,113
2,773
5,541
8,876
1,077
-16,046
2,693
5,796
9,053
1,496
-15,976
2,609
6,062
9,235
1,929
-15,902
2,520
6,341
9,419
2,378
-15,825
2,428
6,632
9,608
2,843
-15,744
2,332
6,936
9,800
3,324
TOTAL EQUITY:
Beginning of Year Value inc. Cap. Imp.
Begining of Year Balance
TOTAL EQUITY
412,000 420,200
287,000 282,370
125,000 137,830
428,564
277,527
151,037
437,095
272,462
164,633
445,797
267,164
178,633
454,673
261,623
193,050
463,727
255,827
207,899
472,961
249,765
223,196
482,380
243,425
238,955
491,988
236,793
255,195
0.19%
0.41%
0.60%
0.77%
0.93%
1.07%
1.19%
1.30%
-0.37%
-0.07%
Yr. 2
Yr. 3
Yr. 4
Yr. 5
Yr. 6
Yr. 7
Yr. 8
Yr. 9
Yr. 10
422,300 422,300
2,000
2,000
29,274
29,859
520
1,040
453,054 453,119
422,300
2,000
30,457
1,560
453,197
422,300
2,000
31,066
2,080
453,286
422,300
2,000
31,687
2,600
453,387
422,300
2,000
32,321
3,120
453,501
422,300
2,000
32,967
3,640
453,627
422,300
2,000
33,627
4,160
453,767
422,300
2,000
34,299
4,680
453,919
422,300
2,000
34,985
5,200
454,085
418,200 426,564
453,574 454,159
-35,374 -27,595
435,095
454,757
-19,661
443,797
455,366
-11,569
452,673
455,987
-3,314
461,727
456,621
5,106
470,961
457,267
13,694
480,380
457,927
22,454
489,988
458,599
31,389
499,788
459,285
40,503
418,200 426,564
453,054 453,119
-34,854 -26,555
435,095
453,197
-18,101
443,797
453,286
-9,489
452,673
453,387
-714
461,727
453,501
8,226
470,961
453,627
17,334
480,380
453,767
26,614
489,988
453,919
36,069
499,788
454,085
45,703
-34,854
-18,101
-2,559
-9,489
-1,215
-714
153
8,226
1,546
17,334
2,964
26,614
4,408
36,069
5,878
45,703
7,375
470,961
32,967
249,765
188,228
2,964
185,264
480,380
33,627
243,425
203,329
4,408
198,921
489,988
34,299
236,793
218,896
5,878
213,017
499,788
34,985
229,857
234,946
7,375
227,571
7.00%
-26,555
-3,879
Yr. 1
Yr. 2
Yr. 3
Yr. 4
Yr. 5
Yr. 6
Yr. 7
Yr. 8
Yr. 9
Yr. 10
1,100
17,450
0.06
1,155
17,450
0.07
1,213
17,450
0.07
1,273
17,450
0.07
1,337
17,450
0.08
1,404
17,450
0.08
1,474
17,450
0.08
1,548
17,450
0.09
1,625
17,450
0.09
1,706
17,450
0.10
(Page 7 of 7)
This report is based on certain assumptions.The projections are estimates only
Anyone using or relying on this report is advised to seek competent legal, financial, and/or tax advice.
Return on equity includes appreciation, principal reduction and tax benefit.