4811 Tealgate Analysis - 10 percent down

	Property Information			Expense Information
	Address:	4811 Tealgate Dr
	After Rehab Value:	$95,000		Management Fee (%):	0.00%
	Purchase Price:	$90,000		Annual Maintenance:	$                              -
	Estimated Rehab costs:	$0		Vacancy Rate:	0%
	Seller Contribution:	$0.00		Pest Control	$                              -
	Base Costs	$90,000
	Estimated spread after rehab	$5,000		Refi Information
	Spread %:	94.74%
				Initial Purchase Price	$                              -
	Yearly Taxes:	$2,719		Current Debt	$                              -
	Yearly HOA:	$270		Current Equity	0%
	Yearly Rental Insurance:	$700		Target Equity	0%
	Monthly Lease Amount:	$995		Equity Cash Out	$                              -
	Target Appreciation:	50%		Initial Investment	$                              -
	Target Sale Price:	$142,500		Cash Invested After Refi	$0.00
	Financing Options		Prin.+Int.	Int. Only	Deferred Int.
	% Down Payment	10%	$9,000	$9,000	$18,000
	1st Mortgage Amnt		$81,000	$81,000	$72,000
	Interest Rate		6.750%	7.000%	1.400%	7.90%	<-- Annual Rate
	Term (years)		30	10	40
	Monthly Payment		$525.36	$472.50	$195.98	$495.23
	2nd Mortgage Amnt		$                            -	$                             -	$                              -
	Interest Rate		7.0000%	7.0000%	7.0000%
	Term
	Monthly Payment		$0.00	$0.00	$0.00
	Total Payment		$525.36	$472.50	$195.98
	Closing Costs Estimate--->		Prin. + Int.	Int. Only	Deferred Int.	Cash Purchase
	Origination Fee %:	Enter %	1.0%	1.0%	1.0%
	Origination Fees:	Auto Fill	$810	$810	$720
	Other Title Costs:	Escrow fee, etc.	$350	$350	$350	$350
	Title Policy -Owner:	includes mortgage policy if needed	$225	$225	$225	$0
	Doc & Closing Costs:	depends on lender	$1,250	$1,250	$500	$250
	Mortgage Insurance:	.7% Mtg if DP>10%, .9% Mtg if DP<10%	$47.25	$47.25	$0.00
	Survey, Appraisal & Inspection:	375, 400, 200	$775	$775	$775	$375
	Totals		$3,457	$3,457	$2,570	$975

	Controlling Factors			Property Information				4811 Tealgate Dr
	Annual Rent Increases	5.00%		Purchase Price		$90,000.00
	Annual Property Tax Change	2.00%		Price + Rehab		$90,000.00
	Annual Appreciation Change	5.00%		Market Value		$95,000.00
	Hold Term (years)	4		Target Resale Price		$142,500.00
	Expense Information			Year 1			Year 2			Year 3			Year 4
				Monthly	Annual		Monthly	Annual		Monthly	Annual		Monthly	Annual
	Taxes			$227	$2,719		$231	$2,773		$236	$2,829		$240	$2,885
	Insurance			$58	$700		$58	$700		$58	$700		$58	$700
	Lawn service			0	$0		0	$0		0	$0		0	$0
	Maintenance			$0.00	$0		$0.00	$0		$0.00	$0		$0.00	$0
	Water			$0	$0		$0	$0		$0	$0		$0	$0
	Pest control			$0	$0		$0	$0		$0	$0		$0	$0
	Lease fee			$0.00	$0		$0.00	$0		$0.00	$0		$0.00	$0
	Management fee			$0.00	$0		$0.00	$0		$0.00	$0		$0.00	$0
	HOA Dues			$23	$270		$23	$270		$23	$270		$23	$270
	Total Expenses:			$307	$3,689		$312	$3,743		$317	$3,799		$321	$3,855
	Income Information
	Base Rent			$995.00	$11,940		$1,044.75	$12,537.00		$1,096.99	$13,163.85		$1,151.84	$13,822.04
	Vacancy Allowance (%)	0.0%		$0	$0		$0	$0		$0	$0		$0	$0
	Other Income			$0	$0		$0	$0		$0	$0		$0	$0
	Scheduled Gross Income			$995	$11,940		$1,044.75	$12,537.00		$1,096.99	$13,163.85		$1,151.84	$13,822.04
	NOI				$8,251			$8,794			$9,365			$9,967
	Investment Summary		Principle & Interest				Interest Only			Deferred Interest
				6.750%			7.000%			7.90%
	Total Capital Invested				$12,457.25			$12,457.25			$20,570.00
	Borrowed Capital				$          -			$             -			$              -
	Financing			Monthly	Annual		Monthly	Annual		Monthly	Annual
	Payments			$525.36	$6,304.37		$472.50	$5,670.00		$195.98	$2,351.82
	Mortgage Insurance (monthly) [PMI]			$47.25	$567		$47.25	$567		$0.00	$0
	Total Payments			$572.61	$6,871		$519.75	$6,237		$195.98	$2,352
	PITI			$880.03	$10,560.37		$827.17	$9,926.00		$503.40	$6,040.82
	Total Expenses			$307	$3,689		$307	$3,689		$307	$3,689
	Total Income			$995	$11,940		$995	$11,940		$995	$11,940
	Net Profit (Loss)			$115	$1,380		$168	$2,014		$492	$5,899
	Return on Capital (Year 1)				11.075%			16.167%			28.679%
	Principle Reduction				$3,967.22
	Return on Equity Line				#DIV/0!			#DIV/0!			#DIV/0!
	Deferred Interest										$18,704.99
	Debt  to Income				118%			111%			67%
	Net Income By Year		Year:		Net Inc.	Year:		Net Inc.	Year:		Net Inc.
			1		$1,380	1		$2,014	1		$5,899
			2		$1,922.25	2		$2,556.62	2		$6,441.80
			3		$2,493.63	3		$3,128.00	3		$7,013.18
			4		$3,095.24	4		$3,729.62	4		$7,614.80
	Profit Margin By Year		Year:		Net Inc.	Year:		Net Inc.	Year:		Net Inc.
	(Net Income / Gross Revenue)		1		12%	1		17%	1		49%
			2		15%	2		20%	2		51%
			3		19%	3		24%	3		53%
			4		22%	4		27%	4		55%
	Loan Amortization Schedule													Deferred Interest Schedule
			Principle		Interest					Principle		Interest			Principle		Interest	Interest Deferred
	Principle Payment @ yr (est.)	Year:	Pd.		Pd.				Year:	Pd.		Pd.		Year:	Pd.		Pd.
	(Annualized)	1	$896.84	E	$5,407.53				1	$1,355.05	E	$996.77		1	$285.34	E	$5,678.57	$4,681.80
		2	$957.38		$5,346.99				2	$1,374.02		$977.80		2	$307.88		$5,656.93	$4,679.13
		3	$1,022.00		$5,282.37				3	$1,393.25		$958.57		3	$332.20		$5,633.51	$4,674.95
		4	$1,090.99		$5,213.38				4	$1,412.76		$939.06		4	$358.45		$5,608.18	$4,669.12
		5	$1,164.63		$5,139.74				5	$1,432.54		$919.28		5	$386.76		$5,580.77	$4,661.49
	Investment Return
	Property Value		$114,000.00					$114,000.00			$ 114,000.00
	Remaining Principle		-$77,032.78					-$81,000.00			-$72,000.00
	Interest Deferred										$18,704.99
	Equity		$ 36,967.22					$ 33,000.00			$  23,295.01
	Equity Return on Capital Invested		297%					265%			113%
	Equity Return on Borrowed Capital		#DIV/0!					#DIV/0!
	Net Profit from Rents		$11,159					$13,696			$26,969
	Rent Return on Capital Invested		90%					110%			131.11%
	Gross Profit from Investment		$  48,125.97					$  46,696.24			$  50,263.98
	Gross Return on Capital Invested		386%					375%			244.36%
	Schedule of Net Income	Cash Invested	($12,457.25)				Cash Invested	($12,457.25)		Cash Invested	($20,570.00)
		Year 1	$1,380				Year 1	$2,014		Year 1	$5,899
		Year 2	$1,922.25				Year 2	$2,556.62		Year 2	$6,441.80
		Year 3	$2,493.63				Year 3	$3,128.00		Year 3	$7,013.18
		Year 4	$3,095.24				Year 4	$3,729.62		Year 4	$7,614.80
		Equity	$36,967.22				Equity	$33,000.00		Equity	$23,295.01
	IRR of Investment over 4 Years		35%					36%			30%
	Using Equity, Yearly Net Income and Property Appreciation