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    Ellsworth - Performance Report

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    Bay Area Equity Group, LLC
    This document provides financial projections for a 1,944 square foot duplex property purchased for $46,995 including monthly and annual rental income, expenses, and key performance metrics such as debt coverage ratio, gross rent and equity multipliers, and returns.

    Copyright:

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

    Ellsworth - Performance Report

    Uploaded by

    Bay Area Equity Group, LLC
    85 views1 page
    This document provides financial projections for a 1,944 square foot duplex property purchased for $46,995 including monthly and annual rental income, expenses, and key performance metrics such as debt coverage ratio, gross rent and equity multipliers, and returns.

    Original Description:

    15990 Ellsworth - Performance Report

    Original Title

    15990 Ellsworth - Performance Report

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    © Attribution Non-Commercial (BY-NC)

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    This document provides financial projections for a 1,944 square foot duplex property purchased for $46,995 including monthly and annual rental income, expenses, and key performance metrics such as debt coverage ratio, gross rent and equity multipliers, and returns.

    Copyright:

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

    Ellsworth - Performance Report

    Uploaded by

    Bay Area Equity Group, LLC
    This document provides financial projections for a 1,944 square foot duplex property purchased for $46,995 including monthly and annual rental income, expenses, and key performance metrics such as debt coverage ratio, gross rent and equity multipliers, and returns.

    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

    15990-15992 Ellsworth Street


    View Map View Comps Export to Excel
    Detroit, MI 48227
    Duplex
    Square Feet 1,944
    Initial Market Value $46,995
    Purchase Price $46,995
    Downpayment $46,995
    Loan Origination Fees $0
    Depreciable Closing Costs $500
    Other Closing Costs and Fixup $0
    Initial Cash Invested $47,495
    Cost per Square Foot $24
    Monthly Rent per Square Foot $0.51

    Income Monthly Annual Mortgage Info First Second


    Gross Rent $1,000 $12,000 Loan-to-Value Ratio 0% 0%
    Vacancy Losses $0 $0 Loan Amount --- ---
    Operating Income $1,000 $12,000 Monthly Payment --- ---
    Loan Type --- ---
    Expenses Monthly Annual Term --- ---
    Property Taxes ($179) ($2,150) Interest Rate --- ---
    Insurance ($42) ($500) Monthly PMI ---
    Management Fees ($200) ($2,400)
    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 47
    Operating Expenses ($421) ($5,050) Capitalization Rate 14.8%
    Cash on Cash Return 15%
    Net Performance Monthly Annual Total Return on Investment 15%
    Net Operating Income $579 $6,950 Total ROI with Tax Savings 15%
    - Mortgage Payments $0 $0
    = Cash Flow $579 $6,950 Assumptions
    + Principal Reduction $0 $0 Real Estate Appreciation Rate %
    + First-Year Appreciation $0 $0 Vacancy Rate %
    = Gross Equity Income $579 $6,950 Management Fee 20%
    + Tax Savings $0 $0 Maintenance Percentage %
    = GEI w/Tax Savings $579 $6,950 Equity Share Percentage 100%

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