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(Page 1 of 7)
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6/27/2011
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p.a.
p.a.
This varies depending on the tax payer.
of total
of total
RESULTS
(Page 3 of 7)
ACQUISITION DATA
LOAN DATA
Price
100,000
Dn. Pymt.
20,000
Loan Amt. 80,000
Buy Costs
3,000
Cap Impr.
5,000
Interest %
No. Yrs.
Mo. P & I
Yr. P & I
10.00%
25
727
8,724
Yr.1
Yr. 2
Yr. 3
Increase in income
5.00%
Expected Gross Income
less Vacancy/Collection losses
5.00%
EFFECTIVE GROSS INCOME
(EGI)
12,000
600
11,400
5.00%
12,600
630
11,970
Yr. 1
(Increase in expenses)
5.00%
Property Taxes
Insurance
Electricity
Gas
Oil
Water
Trash
Management
7.00%
Repairs/Maintenance
8.00%
Advertising
Telephone
Other
Other
Other
TOTAL OPERATING EXPENSES
Op. Expenses as %age of income
DEPRECIATION
Land
Improvement
No. Yrs.
Yr. Depr.
25%
75%
27.5
3,018
25,000
83,000
Yr. 4
Yr. 5
Yr. 6
Yr. 7
Yr. 8
Yr. 9
Yr. 10
5.00%
13,230
662
12,569
5.00%
13,892
695
13,197
5.00%
14,586
729
13,857
5.00%
15,315
766
14,550
5.00%
16,081
804
15,277
5.00%
16,885
844
16,041
5.00%
17,729
886
16,843
5.00%
18,616
931
17,685
Yr. 2
Yr. 3
Yr. 4
Yr. 5
Yr. 6
Yr. 7
Yr. 8
Yr. 9
Yr. 10
2,000
300
0
0
0
0
0
798
912
200
0
0
0
0
4,210
36.93%
5.00%
2,100
315
0
0
0
0
0
838
958
210
0
0
0
0
4,421
36.93%
5.00%
2,205
331
0
0
0
0
0
880
1,005
221
0
0
0
0
4,642
36.93%
5.00%
2,315
347
0
0
0
0
0
924
1,056
232
0
0
0
0
4,874
36.93%
5.00%
2,431
365
0
0
0
0
0
970
1,109
243
0
0
0
0
5,117
36.93%
5.00%
2,553
383
0
0
0
0
0
1,018
1,164
255
0
0
0
0
5,373
36.93%
5.00%
2,680
402
0
0
0
0
0
1,069
1,222
268
0
0
0
0
5,642
36.93%
5.00%
2,814
422
0
0
0
0
0
1,123
1,283
281
0
0
0
0
5,924
36.93%
5.00%
2,955
443
0
0
0
0
0
1,179
1,347
295
0
0
0
0
6,220
36.93%
5.00%
3,103
465
0
0
0
0
0
1,238
1,415
310
0
0
0
0
6,531
36.93%
7,190
7,550
7,927
8,323
8,739
9,176
9,635
10,117
10,623
11,154
Yr. 1
Yr. 2
Yr. 3
Yr. 4
Yr. 5
Yr. 6
Yr. 7
Yr. 8
Yr. 9
Yr. 10
7,190
8,724
-1,534
7,550
8,724
-1,174
7,927
8,724
-797
8,323
8,724
-400
8,739
8,724
16
9,176
8,724
453
9,635
8,724
912
10,117
8,724
1,394
10,623
8,724
1,899
11,154
8,724
2,431
Yr. 1
Yr. 2
Yr. 3
Yr. 4
Yr. 5
Yr. 6
Yr. 7
Yr. 8
Yr. 9
Yr. 10
7,190
7,966
3,018
-3,794
30.00%
1,138
7,550
7,887
3,018
-3,355
30.00%
1,007
7,927
7,799
3,018
-2,890
30.00%
867
8,323
7,702
3,018
-2,397
30.00%
719
8,739
7,595
3,018
-1,874
30.00%
562
9,176
7,477
3,018
-1,319
30.00%
396
9,635
7,346
3,018
-729
30.00%
219
10,117
7,202
3,018
-103
30.00%
31
10,623
7,043
3,018
562
30.00%
-169
11,154
6,867
3,018
1,269
30.00%
-381
Yr. 2
Yr. 3
Yr. 4
Yr. 5
Yr. 6
Yr. 7
Yr. 8
Yr. 9
Yr. 10
80,000
79,242
758
79,242
78,405
837
78,405
77,481
925
77,481
76,459
1,021
76,459
75,331
1,128
75,331
74,084
1,247
74,084
72,707
1,377
72,707
71,186
1,521
71,186
69,506
1,681
69,506
67,649
1,857
Yr. 1
Yr. 2
Yr. 3
Yr. 4
Yr. 5
Yr. 6
Yr. 7
Yr. 8
Yr. 9
Yr. 10
5.00%
5.00%
100,000 105,000
105,000 110,250
5,000
5,250
5.00%
110,250
115,763
5,513
5.00%
115,763
121,551
5,788
5.00%
121,551
127,628
6,078
5.00%
127,628
134,010
6,381
5.00%
134,010
140,710
6,700
5.00%
140,710
147,746
7,036
5.00%
147,746
155,133
7,387
5.00%
155,133
162,889
7,757
TAX BENEFIT
Net Operating Income
-Annual Interest
-Annual Depreciation
Taxable Income
x Investor's Tax Bracket
TAX BENEFIT
30.00%
PROPERTY APPRECIATION
(Increase)
5.00%
Start of Year Value
End of Year Value
TOTAL ANNUAL APPRECIATION
FINANCIAL ANALYSIS
(Page 5 of 7)
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
-1,534
1,138
758
5,000
5,362
-1,174
1,007
837
5,250
5,920
-797
867
925
5,513
6,508
-400
719
1,021
5,788
7,128
16
562
1,128
6,078
7,784
453
396
1,247
6,381
8,476
912
219
1,377
6,700
9,208
1,394
31
1,521
7,036
9,981
1,899
-169
1,681
7,387
10,799
2,431
-381
1,857
7,757
11,663
INITIAL EQUITY:
Down Payment
Capital Improvement
TOTAL INITIAL EQUITY
20,000
5,000
25,000
20,000
5,000
25,000
20,000
5,000
25,000
20,000
5,000
25,000
20,000
5,000
25,000
20,000
5,000
25,000
20,000
5,000
25,000
20,000
5,000
25,000
20,000
5,000
25,000
20,000
5,000
25,000
21.45%
23.68%
26.03%
28.51%
31.14%
33.91%
36.83%
39.93%
43.19%
46.65%
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
-1,534
1,138
758
5,000
5,362
-1,174
1,007
837
5,250
5,920
-797
867
925
5,513
6,508
-400
719
1,021
5,788
7,128
16
562
1,128
6,078
7,784
453
396
1,247
6,381
8,476
912
219
1,377
6,700
9,208
1,394
31
1,521
7,036
9,981
1,899
-169
1,681
7,387
10,799
2,431
-381
1,857
7,757
11,663
TOTAL EQUITY:
Beginning of Year Value inc. Cap. Imp.105,000 110,000
Begining of Year Balance
80,000 79,242
TOTAL EQUITY
25,000 30,758
115,250
78,405
36,845
120,763
77,481
43,282
126,551
76,459
50,091
132,628
75,331
57,297
139,010
74,084
64,925
145,710
72,707
73,003
152,746
71,186
81,559
160,133
69,506
90,627
17.66%
16.47%
15.54%
14.79%
14.18%
13.67%
13.24%
12.87%
21.45%
19.25%
Yr. 3
Yr. 4
Yr. 5
Yr. 6
Yr. 7
Yr. 8
Yr. 9
Yr. 10
Yr. 1
103,000 103,000
5,000
5,000
7,350
7,718
3,018
6,036
112,332 109,681
103,000
5,000
8,103
9,055
107,049
103,000
5,000
8,509
12,073
104,436
103,000
5,000
8,934
15,091
101,843
103,000
5,000
9,381
18,109
99,272
103,000
5,000
9,850
21,127
96,722
103,000
5,000
10,342
24,145
94,197
103,000
5,000
10,859
27,164
91,696
103,000
5,000
11,402
30,182
89,220
105,000 110,250
115,350 115,718
-10,350
-5,468
115,763
116,103
-341
121,551
116,509
5,042
127,628
116,934
10,694
134,010
117,381
16,629
140,710
117,850
22,860
147,746
118,342
29,403
155,133
118,859
36,274
162,889
119,402
43,487
105,000 110,250
112,332 109,681
-7,332
569
115,763
107,049
8,714
121,551
104,436
17,115
127,628
101,843
25,785
134,010
99,272
34,738
140,710
96,722
43,988
147,746
94,197
53,549
155,133
91,696
63,437
162,889
89,220
73,669
569
416
8,714
2,195
17,115
4,027
25,785
5,912
34,738
7,853
43,988
9,854
53,549
11,917
63,437
14,046
73,669
16,243
115,763
8,103
77,481
30,178
2,195
27,983
121,551
8,509
76,459
36,583
4,027
32,556
127,628
8,934
75,331
43,363
5,912
37,452
134,010
9,381
74,084
50,544
7,853
42,691
140,710
9,850
72,707
58,153
9,854
48,299
147,746
10,342
71,186
66,217
11,917
54,300
155,133
10,859
69,506
74,768
14,046
60,722
162,889
11,402
67,649
83,838
16,243
67,595
-7,332
You must hold the property for a year and a day to qualify for long term capital gains tax treatment.
DEBT SERVICE COVERAGE RATIO (DSC)
Yr. 1
Yr. 2
Yr. 3
Yr. 4
Yr. 5
Yr. 6
Yr. 7
Yr. 8
Yr. 9
Yr. 10
7,190
8,724
0.82
7,550
8,724
0.87
7,927
8,724
0.91
8,323
8,724
0.95
8,739
8,724
1.00
9,176
8,724
1.05
9,635
8,724
1.10
10,117
8,724
1.16
10,623
8,724
1.22
11,154
8,724
1.28
(Page 7 of 7)
Prepared For:
Prepared By:
Property Address:
Date:
6/27/2011
Investment performance
Dollars
14,000
12,000
10,000
8,000
Row 92
Row 106
Row 160
6,000
4,000
2,000
0
1
5
years
10